*Increase in working population and growing disposable income will raise the demand for banking and related services.
*By 2025, India's fintech market is expected to reach Rs. 6.2 trillion (US$ 83.48 billion).
* Mobile, internet banking and extension of facilities at ATMs will improve operational efficiency.
* RBI announced the launch of its first global hackathon 'HARBINGER 2021 – Innovation for Transformation' with the theme ‘Smarter Digital Payments’.
* Rising fee incomes are improving the revenue mix of banks.
* High net interest margins along with low NPA levels will ensure healthy business fundamentals.
* Wide policy support in the form of private sector participation and liquidity infusion.
* RBI launched the ‘RBI Retail Direct Scheme’ for retail investors to increase retail participation in government securities.
India will contribute 2.2% to the world's digital payments market by 2023, while the value of such transaction is expected to reach US$ 12.4 trillion globally by 2025.
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...
Introduction India stood at the 20th position among the top exporters of b...
Introduction During the year 1955, the Indian engineering sector was quite...
Introduction India has become the fifth largest economy, joining the &ldqu...