First, it seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad.
Category: Finance
100 million “affluent” Indians to earn more than USD10K by 2027, says Goldman Sachs report
A report claims India’s affluent class may soon nearly double to touch 100 million people by 2027.
Civil penalty of S$3.9 million imposed on Credit Suisse AG by MAS for misconduct by its relationship managers
Failure to prevent misconduct by its relationship managers (RMs) has cost Credit Suisse AG S$3.9 million, which was imposed on the bank by the Monetary Authority of Singapore (MAS). The news of the civil penalty was confirmed by an official news release on December 28, 2023. The aforementioned offence took place in the Singapore branch […]
Economist warns India about mounting debt as IMF presents worst-case scenario
Noted economist Ajit Ranade has warned India about its high debt, echoing concerns projected by the International Monetary Fund recently, where the body said that the debt could exceed 100 percent of the national GDP in the next four years. Here’s what the Vice Chancellor of Gokhale Institute Of Politics & Economics Pune said, as […]