CRED Grows in Fintech Space
In our post-modern and increasingly complex financial age, the role of credit cards is significant to say the least. It is astonishing but true that according to the RBI data, in April 2023 there were 8.6 crore credit cards outstanding in India, which was a significant growth of about 15 percent from April 2022, when there…
Shipra Prajapati
From Bangalore to the Bay Area: Global Perspectives on Indian Tech
India’s tech landscape has undergone massive change in the last few years, transforming from a local IT hub to a global centre for innovation and entrepreneurship. From Bangalore, the “Silicon Valley of India,” to the Bay Area of California, Indian tech talent has made a mark on the global stage. According to recent statistics, India…
JYOTI
Janmejaya Sinha: Inspiring Collective Excellence in the Consulting Landscape
Success in the world of consulting is characterised by a delicate balance between visionary strategy and a genuine commitment to foster an inclusive corporate culture. As the consulting landscape undergoes constant evolution, leaders like Janmejaya Sinha, Chairman for India at the Boston Consulting Group (BCG), navigate through complexities by seamlessly blending strategic acumen with a…
Vikas
India Forex Reserve: Up By $2.9 Billion To $619 Billion
The foreign reserves of India saw a decline trend in the 2nd week of Feb; according to reports, the overall reserves fell around $1.132 billion to $616.097 billion. However, for the week ending on 23 Feb, the foreign reserves were up by $2.9 billion to $619 billion. Foreign-exchange reserves of India comprise 4 different categories:…
SHAHID MUSHTAQ
Risks Unchecked, Paytm Stumbles
In a significant move against Paytm Payments Bank (PPBL), the Reserve Bank of India (RBI) has instructed the bank to cease accepting deposits or top-ups in any customer accounts, wallets, FASTags, and other instruments after March 15. On January 31, 2024, the RBI directed Paytm to halt the acceptance of deposits or top-ups in any…
Kotak Mahindra Bank Reshuffle: New CFO, COO And More
One of India’s leading banks, Kotak Mahindra Bank, has announced that they will be making some big changes in their senior management starting from April 1st. The announcement was made by the current MD and CEO of Kotak Mahindra Bank, Ashok Vaswani. The long-time director and a veteran in the bank, KVS Manian will leave…
Will Paytm Be Able To Survive The Recent Crisis?
Paytm has been going through a tough time after RBI instructed Fintech to seize its Paytm payment bank services indefinitely. Paytm’s market value has dropped a whopping $2.5 billion in the last few days. Now, there are talks that the Central Bank of India might cancel the licence of Paytm Payment Bank after the March…
Hidden Cost of Electoral Freebies on Fiscal Deficit
“Freebies are never free…when parties offer schemes, they must be required to make the financing and such trade-offs clear to voters.” Ashima Goyal, Member of RBI’s Monetary Policy Committee The political debate on the electoral freebies to win votes remains high during election season. In the recent state assembly elections of Madhya Pradesh, Chhattisgarh, Rajasthan,…
abhinav singh
Can India Achieve a 7% Growth Rate for this Fiscal Year?
“7 percent of GDP growth can be achievable for India this fiscal year.”- Reserve Bank of India(RBI) The global economic disruption in the last few years was severe but spaced out in time. Since 2020, the world’s economy has been hit at least three times by incidents like COVID-19, the Ukraine-Russia war, to name a…
10 Best Leaders from Finance in India 2023
Introduction In the dynamic tapestry of India’s business landscape, leaders from the finance sector emerge as architects of transformation, wielding an innovative influence that transcends traditional fiscal boundaries. Beyond balance sheets and profit margins, these financial stewards navigate the complexities of risk and opportunity, strategically allocating capital to sculpt the contours of corporate evolution. Their…
John David