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Putin Puts Forth Proposal for Visa-Free Travel with India

Putin Puts Forth Proposal for Visa-Free Travel with India

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President Putin and Prime Minister Modi had a meeting at the annual summit of the Shanghai Cooperation Organisation (SCO) in Samarkand, Uzbekistan. Putin stated that India’s rich history and ancient culture greatly interest the Russian people. According to Russia’s official news agency, TASS. Putin added, "we propose accelerating the process of negotiations towards an agreement on visa-free tourist travel."

Fintech Growth in India

Fintech Growth in India

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With the greatest fintech adoption rates worldwide, fintech in India has entered a new era. According to an Earnst and Young report from August 2022, there are currently 20+ fintech unicorns in India's burgeoning fintech industry. By 2030, $200 billion in revenue and $1 trillion in throughput are anticipated. The investment in Indian neo-banking has increased 5 times in the past year, and by 2030, it is anticipated to reach $215 billion. India is regarded as a powerful fintech center on a global scale. Over the past ten years, fintech has greatly impacted the worldwide financial services sector.

Deloitte Projects India will Reign as Fastest Growing Economy Over the Next Few Years

Deloitte Projects India will Reign as Fastest Growing Economy Over the Next Few Years

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In their July 2022 India Economic Outlook Report, Deloitte projects that India will reign as the fastest growing economy in the world in subsequent years. The report further explains the reasons for this optimistic view in light of various anticipated challenges and setbacks. In a time when the recession is taking hold globally, it is interesting to see how India is tackling multiple critical factors.

Bloomberg Survey Says India has No Chance of a Recession

Bloomberg Survey Says India has No Chance of a Recession

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A Bloomberg survey says that India has no chance of a recession at this time. Asian economies have been more resilient in the face of recession than the U.S. and Europe. There are, however, some Asian economies in which the risk of a recession is increasing.

Top Indian Banks Q1 Results FY23: Net Profit Jumps by 50%

Top Indian Banks Q1 Results FY23: Net Profit Jumps by 50%

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Top Indian Bank’s Q1 Results: Net profit of top Indian banks including ICICI Bank and Yes Bank has jumped by 50% YoY (Year on Year) to Rs 6,905 crore and Rs. 311 crore respectively for the quarter ended on 30 June 2022. Whereas HDFC Bank has reported 19% and Kotak Mahindra Bank 26% YoY rise in standalone net profit to Rs. 9,195.99 cr and Rs. 2,071 cr respectively in Q1 FY23.

In talk with The Hindu, Mudit Vijayvergiya explains how SBNRI is helping NRIs with banking and investment in India

In talk with The Hindu, Mudit Vijayvergiya explains how SBNRI is helping NRIs with banking and investment in India

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India is the largest source country for international migrants globally. Every year a number of people move abroad from India for education, jobs, business, etc. and many of them become Non-Resident Indians, commonly called NRIs. Once someone attains NRI status, rules governing their earnings, savings, investments and tax liability change dramatically. Due to minimal resources, and lack of knowledge and transparency, NRIs face several challenges to conduct banking and investment transactions in India.

SBNRI Won BankTech Event Hosted by NITI Aayog, IFSCA & GIFT City

SBNRI Won BankTech Event Hosted by NITI Aayog, IFSCA & GIFT City

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‘iSprint21: BankTech’ was the global FinTech Hackathon Series of International Financial Services Centres Authority (IFSCA), GIFT City and Niti Aayog. The partners to the Hackathon include ICICI Bank, HSBC Bank, iCreate, Zone Startups and Invest-India.