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Financial Services Industry India News & Recent Update | IBEF

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Pvt banks back to drawing board, expand branch network to boost efficiency Mumbai: Private banks in India added a significant number of new branches in FY19 to help in customer acquisition and loan origination....

Business Standard May 24, 2019

Mastercard to double India headcount to 4,000 in 5 years Hyderabad: Mastercard will invest Rs 7,000 crore (USD$ 1 billion) in India over the next five years and double its headcount to 4,000 in the country during this period....

PTI May 17, 2019

Citi ties up with Paytm to launch co-branded credit cards Mumbai: One of the largest credit card issuers in India, Citi has partnered with Paytm to introduce co-branded credit cards with a slew of incentives to augment its penetration in the country....

PTI May 15, 2019

Edelweiss launches third credit fund, plans to raise US$1 billion Mumbai: Edelweiss has launched its third credit fund named Edelweiss Special Opportunities Fund III (ESOF III), to raise up to Rs 7,000 crore (US$ 1 billion), according to Mr Hemant Daga, President, Edelweiss Global Wealth and Asset Management....

Business Standard May 09, 2019

Markets factoring in earnings growth of 15%, GDP can hit 9% by 2023: UBS New Delhi: India's GDP growth rate can reach 9 per cent by 2023, if the medium term earnings growth of 15 per cent currently factored in by the Indian equity markets prove to be accurate, according to a report by UBS Securities....

Business Standard April 24, 2019
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