New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
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New Delhi, Jan 2 (IANS) An Inter-Departmental Committee, headed by the Union Secretary, Financial Services, M. Nagaraju, met here on Friday to consider the proposals of foreign banks wanting to set up branches in India.The meeting was attended by officials of the member ministries, including Home Affairs and External Affairs, as well as the Department of Commerce and the Reserve Bank of India (RBI).The meeting was convened to consider proposals received from the RBI in respect of foreign banks k…
New Delhi, Dec 30 (IANS) Indian equity markets are expected to be on “firmer footing” in 2026, with domestic demand strongly supported by “macro front, lower inflation, healthy post-monsoon harvests, and the wealth effect of gold,” a report said on Tuesday.The report from Bajaj Finserv Asset Management Limited said corporate earnings should improve on government tax measures and RBI monetary easing, pointing to a broad‑based cyclical recovery.The asset management firm forecasted sectoral l…