BANKING

Karnataka secured Rs 13,070 crore in investment commitments at the WEF meet in Davos, spanning sectors like renewable energy, data centres, and advanced manufacturing. Global leaders lauded the state's industry-friendly environment and skilled workforce, paving the way for accelerated projects and strengthening Karnataka's competitive edge in global trade.

from Banking/Finance-Industry-Economic Times https://ift.tt/BJs5HuD
via IFTTT

BANKING

2026 Budget household factors: Indian households anticipate the Budget to bring financial relief. Expectations focus on income tax reductions and measures to lower the cost of goods through local production. Citizens also seek employment schemes and affordable housing support. These demands highlight a desire for immediate financial stability and long-term economic strengthening.

from Banking/Finance-Industry-Economic Times https://ift.tt/2bCxLKs
via IFTTT

BANKING

The Bombay High Court has granted interim relief to several insurance companies by staying GST demands on co-insurance premiums and ceding commissions, holding that the levy appears to be contrary to CBIC circulars. The stay applies until the next hearing.

from Banking/Finance-Industry-Economic Times https://ift.tt/bsxFmSA
via IFTTT

BANKING

IndusInd Bank has appointed former SBI MD Arijit Basu as its new Non-Executive Independent Director and Part-Time Chairman, effective January 31, 2026. Basu, who brings extensive banking experience, will serve a three-year term. This appointment follows the completion of Sunil Mehta's tenure as chairman.

from Banking/Finance-Industry-Economic Times https://ift.tt/uG0M6d2
via IFTTT

BANKING

IndusInd Bank has appointed Arijit Basu as Non-Executive Independent Director and Part-time Chairman for a three-year term starting January 31, 2026. Basu, a seasoned banker with experience at SBI and HDB Financial Services, will succeed Sunil Mehta. His appointment aligns with regulatory requirements and brings extensive financial sector expertise to the bank's leadership.

from Banking/Finance-Industry-Economic Times https://ift.tt/z0fFcAd
via IFTTT

BANKING

Davos meeting: India being currently down is a short-term phenomenon in a long-term bull market for stocks in the country; India provides almost a unique growth path, says tephen Schwarzman, founder and CEO of Blackstone.

from Banking/Finance-Industry-Economic Times https://ift.tt/VLTY2cN
via IFTTT

BANKING

Non-banking finance companies (NBFCs) saw their lending grow by 22% in the period leading up to the end of December. This expansion was faster than that of bank advances, which reported a 14.4% growth during the same timeframe. NBFCs, excluding bank credit to these companies, had outstanding loans totaling Rs 35.8 lakh crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/otrZz5N
via IFTTT