The financial services sector in India is growing rapidly, driven by several factors:
1) Assets under management of the mutual fund industry have more than doubled since 2008 and stood at over US$300 billion as of 2017.
2) The life and non-life insurance sectors have also grown significantly in recent years, with total first year premiums of over US$30 billion for life insurance and US$23 billion for non-life insurance in 2017.
3) NBFCs are an increasingly important part of the financial landscape, with public deposits growing over 35% annually to reach nearly US$5 billion in 2018.
The document provides an overview of the financial services sector in India. Some key points:
- Assets under management by the mutual fund industry reached Rs 23.26 lakh crore in FY2017-18, more than doubling since FY2008.
- The number of high net worth individuals in India increased to 330,400 in 2017 and is expected to double by 2020.
- Initial public offerings raised a total of Rs 84,357 crore in FY2017-18, indicating growing fundraising activity in the capital markets.
The document discusses the growth of India's financial sector. It notes that the financial sector contributes approximately 15% to India's GDP and is the second largest component after trade and transportation. The key components of the financial sector discussed are banking, insurance, capital markets, mutual funds, non-banking financial corporations, and microfinance institutions. The banking sector has seen significant growth and reforms since liberalization in 1991, with increasing deposits, assets, and branch penetration across India. The insurance and capital markets have also grown substantially in recent decades through various reforms and regulations. Overall, India's financial sector has expanded rapidly and provides important services across the country.
This presentation discusses the financial services sector in India. It outlines the role of the sector in facilitating investment and lending, as well as savings and income generation. Key segments of the market like retail brokerage are examined. The presentation also explores the exponential growth of banking, insurance, and financial markets in India, driven by factors like rising household income, savings rates, needs for innovative products, and technological advances. It concludes that India's favorable demographics and high savings position the financial services industry for continued strong growth and increased employment in coming years.
The document discusses the growth of financial services in India. It outlines the key roles of the financial sector in facilitating investments, lending, and savings. It also maps out the structure of India's financial system and regulatory bodies like RBI, SEBI, and IRDA. Exponential growth in household income has led to higher savings and demand for banking, insurance, and financial market products. All major segments are expected to grow 4-5 times by 2020, opening up over 9 million jobs in the large and thriving financial services industry in India.
- India's gross domestic savings as a percentage of GDP has remained above 30% since 2004 and is estimated to reach 39% by 2017, indicating high savings.
- The number of high net worth individuals in India is expected to double by 2020, increasing total wealth holdings to $3 trillion and presenting growth opportunities for wealth management.
- Non-banking financial companies have experienced phenomenal credit growth at 35% annually between 2007-2012, demonstrating increasing importance in providing retail financial services.
IMAP Financial Services sector Leaders: Jonathan Dalton and Khelan Dattani share insights into the global Financial Services sector. They look at how and why the COVID pandemic affected certain geographies and subsectors more than others and the subsequent impact on deal volumes and valuations. They identify the key areas of growth and common trends driving activity across the globe and examine why the sector is becoming increasingly attractive to PE investors, pinpointing opportunities for buyers and sellers.
The document summarizes the banking, financial services, and insurance (BFSI) sector in India. It discusses the history and growth of banking, financial services, and insurance in India. It also describes the structure and future prospects of the BFSI sector, which is an important industry in India and expected to experience continued growth.
The financial services sector in India has grown rapidly since liberalization and includes activities like banking, finance, insurance, and investment services. It is one of the fastest growing sectors in India, driven by factors like a high savings rate, favorable demographics, growth in the capital markets, and a large untopped domestic market. The top financial services companies in India include SBI Capital Markets, Bajaj Capital, HDFC, and ICICI. Mutual funds have also grown significantly in India in recent years and the top mutual fund companies are HDFC, SBI, Reliance, and DSP Blackrock. The financial services sector provides many career opportunities as fund managers, advisors, and other roles.
The document provides an overview of the financial services sector in India. Some key points:
- Assets under management by the mutual fund industry reached Rs 23.26 lakh crore in FY2017-18, more than doubling since FY2008.
- The number of high net worth individuals in India increased to 330,400 in 2017 and is expected to double by 2020.
- Initial public offerings raised a total of Rs 84,357 crore in FY2017-18, indicating growing fundraising activity in the capital markets.
The document discusses the growth of India's financial sector. It notes that the financial sector contributes approximately 15% to India's GDP and is the second largest component after trade and transportation. The key components of the financial sector discussed are banking, insurance, capital markets, mutual funds, non-banking financial corporations, and microfinance institutions. The banking sector has seen significant growth and reforms since liberalization in 1991, with increasing deposits, assets, and branch penetration across India. The insurance and capital markets have also grown substantially in recent decades through various reforms and regulations. Overall, India's financial sector has expanded rapidly and provides important services across the country.
This presentation discusses the financial services sector in India. It outlines the role of the sector in facilitating investment and lending, as well as savings and income generation. Key segments of the market like retail brokerage are examined. The presentation also explores the exponential growth of banking, insurance, and financial markets in India, driven by factors like rising household income, savings rates, needs for innovative products, and technological advances. It concludes that India's favorable demographics and high savings position the financial services industry for continued strong growth and increased employment in coming years.
The document discusses the growth of financial services in India. It outlines the key roles of the financial sector in facilitating investments, lending, and savings. It also maps out the structure of India's financial system and regulatory bodies like RBI, SEBI, and IRDA. Exponential growth in household income has led to higher savings and demand for banking, insurance, and financial market products. All major segments are expected to grow 4-5 times by 2020, opening up over 9 million jobs in the large and thriving financial services industry in India.
- India's gross domestic savings as a percentage of GDP has remained above 30% since 2004 and is estimated to reach 39% by 2017, indicating high savings.
- The number of high net worth individuals in India is expected to double by 2020, increasing total wealth holdings to $3 trillion and presenting growth opportunities for wealth management.
- Non-banking financial companies have experienced phenomenal credit growth at 35% annually between 2007-2012, demonstrating increasing importance in providing retail financial services.
IMAP Financial Services sector Leaders: Jonathan Dalton and Khelan Dattani share insights into the global Financial Services sector. They look at how and why the COVID pandemic affected certain geographies and subsectors more than others and the subsequent impact on deal volumes and valuations. They identify the key areas of growth and common trends driving activity across the globe and examine why the sector is becoming increasingly attractive to PE investors, pinpointing opportunities for buyers and sellers.
The document summarizes the banking, financial services, and insurance (BFSI) sector in India. It discusses the history and growth of banking, financial services, and insurance in India. It also describes the structure and future prospects of the BFSI sector, which is an important industry in India and expected to experience continued growth.
The financial services sector in India has grown rapidly since liberalization and includes activities like banking, finance, insurance, and investment services. It is one of the fastest growing sectors in India, driven by factors like a high savings rate, favorable demographics, growth in the capital markets, and a large untopped domestic market. The top financial services companies in India include SBI Capital Markets, Bajaj Capital, HDFC, and ICICI. Mutual funds have also grown significantly in India in recent years and the top mutual fund companies are HDFC, SBI, Reliance, and DSP Blackrock. The financial services sector provides many career opportunities as fund managers, advisors, and other roles.
The document provides information on the Banking, Financial Services and Insurance (BFSI) sectors in India. It describes the key components of each sector. The banking sector section explains the functions of banks which include accepting deposits and granting loans. It also discusses the various types of banks operating in India. The financial services sector section covers types of financial services like capital markets, retail banking, and fee-based services. Finally, the insurance sector section defines insurance and describes the structure and key types of insurance products and services available in India. It concludes by highlighting the growing market size of the BFSI sectors in India.
IDFC Bank provides a risk profiling report for a student. The report discusses various types of risks including systematic risk, unsystematic risk, credit risk, market risk, operational risk, and moral hazard. It analyzes IDFC Bank using a SWOT analysis and discusses the bank's mission, values, businesses, and industry landscape. The report also provides an overview of the growth and structure of banking in India.
Recent developments in indian financial systemPreetiDhiman3
The document summarizes recent developments in the Indian financial system. The key developments include:
1) The Supreme Court upheld the constitutional validity of the Aadhaar scheme and Aadhaar will no longer be mandatory for many services.
2) The RBI will form a regulatory sandbox for fintech and establish a data science lab to keep pace with digital innovation.
3) The IRDAI will migrate to a risk-based capital regime to better assess insurance capital requirements.
4) The RBI increased statutory liquidity ratios to boost bank liquidity by potentially releasing Rs. 2 lakh crore into the system.
This document provides a confidential summary of information about the Metatron Global Fund LLC. It discusses the fund's structure, board, advisors, investment opportunities in India, Nepal and other Asian countries. The fund aims to generate high returns by investing in distressed assets purchased from banks at discounted prices. Real estate, infrastructure and other projects in cities like Bangalore, Jaipur and Mumbai are mentioned as potential investment opportunities. The document also outlines the fund's target size, management fees, distribution of investor returns and compliance with anti-money laundering regulations.
This document provides information on the banking, financial services, and insurance industries in India. It discusses key sectors within these industries, including banking types like core banking, retail banking, and private banking. It also covers financial services like stock broking and mutual funds. The document outlines trends in these industries such as growth in life insurance, AUM growth, and NBFC fund raising. It discusses opportunities and challenges around increasing penetration in rural areas, product innovation, and regulatory frameworks. Finally, it summarizes internet, mobile, and direct marketing trends in India including expected growth in e-commerce and the portion of digital vs traditional marketing budgets.
This document summarizes the options for financing an internet cafe called Social Cafe in India. It begins with an overview of India's financial system, including key regulators, markets, instruments, and intermediaries. It then reviews Social Cafe's funding needs of $88,290 for start-up costs and initial working capital. Personal savings, friends, and family are identified as the most suitable source of equity financing. Venture capital funds are unlikely to invest given the industry. Debt financing from banks is recommended to meet working capital needs.
The document summarizes the operations of a financial institute, using IDBI Bank as a case study. It discusses the inputs, processes, and outputs of IDBI's operations. The main inputs are deposits from customers including fixed deposits, current deposits, and savings deposits. The processes include activities like check clearance, account management, and advertising. The outputs are loans, financial services, and security of savings instruments provided to customers.
Awareness of schemes and services of mf isshail0065
Micro-finance refers to small loans, savings, insurance, and other financial services provided to low-income individuals. It originated in the 1970s and has grown significantly since. Today, over 16 million people are served by over 7,000 microfinance institutions worldwide. In India, the Self Help Group model launched in 1991 has expanded access to financial services for millions of rural poor, especially women. Microfinance aims to help the poor generate income, build businesses, and gain financial stability and empowerment.
The document provides information on the Indian financial system. It discusses that the Indian financial system consists of organized and unorganized sectors. The organized sector includes various financial markets, instruments, intermediaries and regulators. It describes some key components of the organized Indian financial system such as different financial markets (money market, capital market, credit market), primary and secondary markets, and regulators such as RBI, SEBI, IRDA. It also discusses various money market instruments, capital market instruments and segments, and international market instruments such as GDRs, ADRs, Eurobonds and foreign bonds.
UTI Asset Management Company Limited is an asset management company established in 2003 with State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India as sponsors. It has over Rs. 1.66 lakh crore in assets under management across mutual funds, portfolio management services, and other investments. It has a nationwide network of branches and distributors. For the period ending September 2018, the company reported revenue growth of 22% to Rs. 1,157 crore and profit growth of 25% to Rs. 402 crore compared to the previous year. The company is planning to launch an IPO of Rs. 5,000 crore by March 2019.
The document discusses trends in the Indian financial system. It outlines that a modern economy relies on a sound financial system to facilitate the flow of funds from surplus to deficit areas. The Indian financial system consists of financial markets, instruments, and intermediaries. Financial markets include money markets, capital markets, forex markets, and credit markets. Key financial instruments are discussed for both money and capital markets. Major financial intermediaries that operate in India are also outlined. The evolution and growth of the Indian financial system is then discussed.
This document provides information on Infrastructure Leasing and Financial Services (IL&FS) including its subsidiaries, debt levels, defaults, impact, and restructuring process. It summarizes that IL&FS is an infrastructure financing company formed in 1987 that has over 250 subsidiaries, but began defaulting on debt payments in 2018 totaling over Rs. 94,000 crore. This caused a liquidity crisis, impacted markets, and led to investigations into its governance and operations. A new board is undertaking measures like asset sales to restructure and resolve the situation.
The financial system of Pakistan has several components that enable the exchange of goods and services between lenders and borrowers. However, the system faces significant criticism. Pakistan runs on 80-85% undocumented or "black" money that is not taxed due to smuggling and other illegal activities. This undermines the effectiveness of monetary policy. Several financial institutions in Pakistan also face issues. Commercial banks are supposed to provide loans to SMEs but instead invest in government bonds. Investment banks have limited options for firms. The regulatory bodies like the central bank and SECP also face independence and effectiveness problems. Overall, Pakistan needs reforms to its financial system to increase transparency, broaden access to financial services, and strengthen regulatory oversight.
This document provides definitions for important banking terms in simple English. It defines over 50 terms related to banking, including ATM, balance of trade, bancassurance, bank rate, bounced cheque, CAMELS, cash reserve rate, capital gain tax, cheque book, cheque clearing, CIBIL, clearing bank, commercial paper, core banking solution, credit card, credit rating, and others. The definitions are brief and concise to serve as a quick reference guide for banking awareness.
This document provides an overview of IDBI Bank and discusses its history, business strengths, and strategic priorities. IDBI Bank was established in 1964 as India's apex development financial institution and played a critical role in the country's industrial and economic progress. It has since transitioned to a universal bank while maintaining its leadership in corporate and infrastructure lending. The bank has a strong technology platform, high operational efficiencies, and aims to expand its retail footprint and global presence while upholding high standards of governance and social responsibility.
The document discusses formal and informal finance systems. The formal system includes licensed banks and institutions that primarily serve large businesses and governments. The informal system is unlicensed and provides savings and credit to small farmers, low-income households, and small businesses through simple and locally understood procedures. While the formal system has more resources, its complex requirements exclude many rural and poor clients, while the informal system fills this need with more accessible community-based services.
Indian Banking Industry - Challenges, Opportunities and Growth Driver of Bank...Resurgent India
Indian banks face challenges such as low banking access rates and rising customer expectations, but also opportunities for growth. Key challenges include implementing Basel III capital requirements, increasing competition, and rising non-performing assets. However, opportunities exist in expanding mortgage lending, wealth management, and rapid ATM/branch growth. Economic development, favorable demographics, and policy support can further drive the banking industry's growth in infrastructure financing, financial inclusion, and technological innovation.
The document provides an overview of the Indian financial market and its components. It discusses the key segments that make up the Indian financial market including the capital market, money market, debt market, and the roles of regulatory bodies like SEBI. It also summarizes some popular short-term and long-term investment options available in India. Finally, it provides details about a specific financial services firm called Reliance Securities including its management team, products offered, and board of directors.
The document provides an overview of India's financial services sector. It discusses recent trends such as the growing assets under management of mutual funds in India, which have more than doubled since FY08. The life and non-life insurance segments have also grown significantly in recent years. The number of high net worth individuals is increasing steadily in India as well. Non-banking financial companies are also gaining prominence as key intermediaries in the retail finance space. Overall, the financial services sector in India is large and growing, driven by factors such as rising incomes, expansion of access to rural areas, and a supportive regulatory environment.
India's financial services sector has experienced robust growth in recent years. Assets under management of mutual funds have more than doubled since FY08, reaching Rs 23.16 trillion (US$ 321 billion) as of February 2019. The number of listed companies on Indian stock exchanges has also risen significantly over the past decade. Within financial services, segments such as life and non-life insurance as well as non-banking financial companies have seen their premiums and public deposits increase substantially on an annual basis. Going forward, continued expansion of distribution networks, rising incomes, and the government's financial inclusion efforts are expected to further accelerate growth across the financial services industry in India.
The document provides information on the Banking, Financial Services and Insurance (BFSI) sectors in India. It describes the key components of each sector. The banking sector section explains the functions of banks which include accepting deposits and granting loans. It also discusses the various types of banks operating in India. The financial services sector section covers types of financial services like capital markets, retail banking, and fee-based services. Finally, the insurance sector section defines insurance and describes the structure and key types of insurance products and services available in India. It concludes by highlighting the growing market size of the BFSI sectors in India.
IDFC Bank provides a risk profiling report for a student. The report discusses various types of risks including systematic risk, unsystematic risk, credit risk, market risk, operational risk, and moral hazard. It analyzes IDFC Bank using a SWOT analysis and discusses the bank's mission, values, businesses, and industry landscape. The report also provides an overview of the growth and structure of banking in India.
Recent developments in indian financial systemPreetiDhiman3
The document summarizes recent developments in the Indian financial system. The key developments include:
1) The Supreme Court upheld the constitutional validity of the Aadhaar scheme and Aadhaar will no longer be mandatory for many services.
2) The RBI will form a regulatory sandbox for fintech and establish a data science lab to keep pace with digital innovation.
3) The IRDAI will migrate to a risk-based capital regime to better assess insurance capital requirements.
4) The RBI increased statutory liquidity ratios to boost bank liquidity by potentially releasing Rs. 2 lakh crore into the system.
This document provides a confidential summary of information about the Metatron Global Fund LLC. It discusses the fund's structure, board, advisors, investment opportunities in India, Nepal and other Asian countries. The fund aims to generate high returns by investing in distressed assets purchased from banks at discounted prices. Real estate, infrastructure and other projects in cities like Bangalore, Jaipur and Mumbai are mentioned as potential investment opportunities. The document also outlines the fund's target size, management fees, distribution of investor returns and compliance with anti-money laundering regulations.
This document provides information on the banking, financial services, and insurance industries in India. It discusses key sectors within these industries, including banking types like core banking, retail banking, and private banking. It also covers financial services like stock broking and mutual funds. The document outlines trends in these industries such as growth in life insurance, AUM growth, and NBFC fund raising. It discusses opportunities and challenges around increasing penetration in rural areas, product innovation, and regulatory frameworks. Finally, it summarizes internet, mobile, and direct marketing trends in India including expected growth in e-commerce and the portion of digital vs traditional marketing budgets.
This document summarizes the options for financing an internet cafe called Social Cafe in India. It begins with an overview of India's financial system, including key regulators, markets, instruments, and intermediaries. It then reviews Social Cafe's funding needs of $88,290 for start-up costs and initial working capital. Personal savings, friends, and family are identified as the most suitable source of equity financing. Venture capital funds are unlikely to invest given the industry. Debt financing from banks is recommended to meet working capital needs.
The document summarizes the operations of a financial institute, using IDBI Bank as a case study. It discusses the inputs, processes, and outputs of IDBI's operations. The main inputs are deposits from customers including fixed deposits, current deposits, and savings deposits. The processes include activities like check clearance, account management, and advertising. The outputs are loans, financial services, and security of savings instruments provided to customers.
Awareness of schemes and services of mf isshail0065
Micro-finance refers to small loans, savings, insurance, and other financial services provided to low-income individuals. It originated in the 1970s and has grown significantly since. Today, over 16 million people are served by over 7,000 microfinance institutions worldwide. In India, the Self Help Group model launched in 1991 has expanded access to financial services for millions of rural poor, especially women. Microfinance aims to help the poor generate income, build businesses, and gain financial stability and empowerment.
The document provides information on the Indian financial system. It discusses that the Indian financial system consists of organized and unorganized sectors. The organized sector includes various financial markets, instruments, intermediaries and regulators. It describes some key components of the organized Indian financial system such as different financial markets (money market, capital market, credit market), primary and secondary markets, and regulators such as RBI, SEBI, IRDA. It also discusses various money market instruments, capital market instruments and segments, and international market instruments such as GDRs, ADRs, Eurobonds and foreign bonds.
UTI Asset Management Company Limited is an asset management company established in 2003 with State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India as sponsors. It has over Rs. 1.66 lakh crore in assets under management across mutual funds, portfolio management services, and other investments. It has a nationwide network of branches and distributors. For the period ending September 2018, the company reported revenue growth of 22% to Rs. 1,157 crore and profit growth of 25% to Rs. 402 crore compared to the previous year. The company is planning to launch an IPO of Rs. 5,000 crore by March 2019.
The document discusses trends in the Indian financial system. It outlines that a modern economy relies on a sound financial system to facilitate the flow of funds from surplus to deficit areas. The Indian financial system consists of financial markets, instruments, and intermediaries. Financial markets include money markets, capital markets, forex markets, and credit markets. Key financial instruments are discussed for both money and capital markets. Major financial intermediaries that operate in India are also outlined. The evolution and growth of the Indian financial system is then discussed.
This document provides information on Infrastructure Leasing and Financial Services (IL&FS) including its subsidiaries, debt levels, defaults, impact, and restructuring process. It summarizes that IL&FS is an infrastructure financing company formed in 1987 that has over 250 subsidiaries, but began defaulting on debt payments in 2018 totaling over Rs. 94,000 crore. This caused a liquidity crisis, impacted markets, and led to investigations into its governance and operations. A new board is undertaking measures like asset sales to restructure and resolve the situation.
The financial system of Pakistan has several components that enable the exchange of goods and services between lenders and borrowers. However, the system faces significant criticism. Pakistan runs on 80-85% undocumented or "black" money that is not taxed due to smuggling and other illegal activities. This undermines the effectiveness of monetary policy. Several financial institutions in Pakistan also face issues. Commercial banks are supposed to provide loans to SMEs but instead invest in government bonds. Investment banks have limited options for firms. The regulatory bodies like the central bank and SECP also face independence and effectiveness problems. Overall, Pakistan needs reforms to its financial system to increase transparency, broaden access to financial services, and strengthen regulatory oversight.
This document provides definitions for important banking terms in simple English. It defines over 50 terms related to banking, including ATM, balance of trade, bancassurance, bank rate, bounced cheque, CAMELS, cash reserve rate, capital gain tax, cheque book, cheque clearing, CIBIL, clearing bank, commercial paper, core banking solution, credit card, credit rating, and others. The definitions are brief and concise to serve as a quick reference guide for banking awareness.
This document provides an overview of IDBI Bank and discusses its history, business strengths, and strategic priorities. IDBI Bank was established in 1964 as India's apex development financial institution and played a critical role in the country's industrial and economic progress. It has since transitioned to a universal bank while maintaining its leadership in corporate and infrastructure lending. The bank has a strong technology platform, high operational efficiencies, and aims to expand its retail footprint and global presence while upholding high standards of governance and social responsibility.
The document discusses formal and informal finance systems. The formal system includes licensed banks and institutions that primarily serve large businesses and governments. The informal system is unlicensed and provides savings and credit to small farmers, low-income households, and small businesses through simple and locally understood procedures. While the formal system has more resources, its complex requirements exclude many rural and poor clients, while the informal system fills this need with more accessible community-based services.
Indian Banking Industry - Challenges, Opportunities and Growth Driver of Bank...Resurgent India
Indian banks face challenges such as low banking access rates and rising customer expectations, but also opportunities for growth. Key challenges include implementing Basel III capital requirements, increasing competition, and rising non-performing assets. However, opportunities exist in expanding mortgage lending, wealth management, and rapid ATM/branch growth. Economic development, favorable demographics, and policy support can further drive the banking industry's growth in infrastructure financing, financial inclusion, and technological innovation.
The document provides an overview of the Indian financial market and its components. It discusses the key segments that make up the Indian financial market including the capital market, money market, debt market, and the roles of regulatory bodies like SEBI. It also summarizes some popular short-term and long-term investment options available in India. Finally, it provides details about a specific financial services firm called Reliance Securities including its management team, products offered, and board of directors.
The document provides an overview of India's financial services sector. It discusses recent trends such as the growing assets under management of mutual funds in India, which have more than doubled since FY08. The life and non-life insurance segments have also grown significantly in recent years. The number of high net worth individuals is increasing steadily in India as well. Non-banking financial companies are also gaining prominence as key intermediaries in the retail finance space. Overall, the financial services sector in India is large and growing, driven by factors such as rising incomes, expansion of access to rural areas, and a supportive regulatory environment.
India's financial services sector has experienced robust growth in recent years. Assets under management of mutual funds have more than doubled since FY08, reaching Rs 23.16 trillion (US$ 321 billion) as of February 2019. The number of listed companies on Indian stock exchanges has also risen significantly over the past decade. Within financial services, segments such as life and non-life insurance as well as non-banking financial companies have seen their premiums and public deposits increase substantially on an annual basis. Going forward, continued expansion of distribution networks, rising incomes, and the government's financial inclusion efforts are expected to further accelerate growth across the financial services industry in India.
The financial services sector in India is growing rapidly, driven by several factors. Assets under management for mutual funds have more than doubled since 2008, reaching over US$323 billion, while the life insurance segment has seen significant growth in recent years as well. Non-banking financial companies are also gaining prominence in retail finance. Going forward, continued investment in financial technology, expansion of services to rural areas, and further development of capital markets are expected to help the Indian financial services sector continue its strong growth trajectory.
The financial services sector in India is growing rapidly, driven by several trends:
1) Assets under management by the mutual fund industry have more than doubled since 2008, reaching over US$342 billion in November 2018, with robust annual growth of 15.5%.
2) The life insurance sector has also expanded significantly, with first year premiums reaching US$30 billion in FY2018.
3) Non-banking financial companies are gaining prominence and now finance over 80% of equipment leasing in India. Their public deposits have grown over 36% annually to US$5 billion in FY2018.
The document provides an overview of India's financial services sector. It notes that assets under management by the mutual fund industry have more than doubled since 2008 and stood at US$316.9 billion as of October 2018. The number of high net worth individuals in India increased to 330,400 in 2017 and is expected to double by 2020. Initial public offerings have also increased in recent years, with US$13.09 billion raised in 2017-18. The document highlights various growth opportunities in asset management, insurance, capital markets and other segments within the financial services industry.
The financial services sector in India is growing rapidly, with assets under management for mutual funds more than doubling since 2008. Several segments are seeing strong growth, including the number of high net worth individuals increasing significantly in recent years, the amount raised through IPOs rising, and non-banking financial corporations expanding their prominence. Overall, various factors are contributing to advantageous conditions and opportunities for continued expansion in India's financial services industry.
This file help you can increase knowledge about financial sector what is financial product .financial product is way of investing your money in different financial product for growth of money and protect our future .you will first earn ,invest and spent and save . you can save tax for invest money different financial products . you can also visit our website www.investosure.com
investosure pvt. ltd is financial coonsultancy company give advise to invest money no fees for invetment suggsetion.
investosure bring solution for every farmer and people
The document provides an overview of India's financial services sector. Some key points:
- Assets under management by India's mutual fund industry have more than doubled since 2008 and stood at $343.9 billion as of July 2018.
- The number of high net worth individuals in India increased to 330,400 in 2017 and is expected to double by 2020.
- Capital markets have grown significantly with the total amount raised through initial public offerings increasing to $13.09 billion in 2017-18.
- The financial services sector in India is growing rapidly, with assets under management by the mutual fund industry doubling since 2008 and reaching over US$313 billion.
- Other segments are also expanding, with the number of high net worth individuals growing significantly and initial public offerings raising increasing amounts of capital.
- Emerging areas like wealth management and non-banking financial companies are providing new opportunities for growth in India's financial services industry.
The document provides an overview of India's financial services sector. Some key points:
- Assets under management by India's mutual fund industry reached Rs 23.26 lakh crore (US$ 360 billion) in FY2017-18, growing at a CAGR of 15.51% over FY07-18.
- The number of high net worth individuals in India increased to 330,400 in 2017 and is expected to double by 2020.
- Initial public offerings raised Rs 84,357 crore (US$ 13.1 billion) in FY2017-18, indicating a rise in fundraising via the stock market.
- Life and non-life insurance premiums grew at a C
The document provides an overview of India's financial services sector. Some key points:
- Assets under management by India's mutual fund industry reached Rs 23.26 lakh crore (US$ 360.90 billion) in FY18, registering a CAGR of 15.51% over FY07-18.
- The life insurance market was valued at US$ 64.64 billion in FY17, with life insurance premiums growing at a CAGR of 13.25% between FY02-17.
- The non-life insurance market grew from US$ 2.6 billion in FY02 to US$ 19.71 billion in FY17, with non
The document provides an overview of the financial services sector in India. Some key points:
- India's gross national savings as a percentage of GDP is above 30%, higher than many developed and emerging nations.
- The number of high net worth individuals in India is expected to double by 2020 to over 330,000.
- Mutual fund assets under management have more than doubled since 2007 and stood at over US$331 billion as of March 2018.
- Equity market turnover on the National Stock Exchange has increased significantly in recent years, reaching over US$790 billion in FY2017.
- The number of companies listed on Indian stock exchanges has grown steadily, reaching over 7,500 as of early 2018.
India's financial services sector has grown significantly in recent years and is poised for further expansion. Assets under management by the mutual fund industry have more than doubled since 2007. The life and non-life insurance segments have also grown substantially, with the life insurance market increasing from $10 billion in 2002 to $56.05 billion in 2016. Wealth management is an emerging segment in India as the number of high net worth individuals is rising steadily. Overall, various segments of the financial services industry are benefiting from rising incomes, a push for financial inclusion, and growing investor participation.
The document provides an overview of the financial services sector in India. Some key points:
- India's gross national savings as a percentage of GDP stood at 28.9% in 2016, higher than many developed and emerging nations.
- India has over 219,000 high net worth individuals with a total wealth of $877 billion as of 2016, and this population is expected to double by 2020.
- Mutual fund assets under management have more than doubled since 2007 and stood at $346 billion as of January 2018, registering a CAGR of 15.25%.
The financial services sector in India has grown significantly in recent years. Mutual fund assets under management have more than doubled since 2007. India now has over 219,000 high net worth individuals with a total wealth of US$ 877 billion as of 2016. The number of high net worth individuals is expected to double by 2020. Several segments within the financial services sector such as asset management, insurance, and capital markets have registered strong growth, reflecting opportunities for further expansion. Growth has been supported by factors such as rising incomes, the financial inclusion drive, and government initiatives.
India's financial services sector has experienced robust growth in recent years. Assets under management by the mutual fund industry have more than doubled since FY07 to over US$ 325 billion as of September 2017. Corporate investors account for the largest share of mutual fund assets at around 47%, followed by high net worth individuals and retail investors. The number of listed companies on Indian stock exchanges has increased significantly over the past decade, and the amount raised through initial public offerings has grown substantially in recent years, indicating a vibrant capital market. India is also emerging as a key market for wealth management, as the number of high net worth individuals in the country is projected to double by 2020.
The document provides an overview of the financial services sector in India. Some key points:
- India's gross national savings as a percentage of GDP stood at 28.9% in 2016, higher than many developed and emerging nations.
- Mutual fund AUM in India has grown at a CAGR of 15.25% between FY07-17, reaching US$328.49 billion in FY18.
- The life insurance market has grown from US$10 billion in FY02 to US$64.64 billion in FY17, while non-life insurance grew from US$2.6 billion to US$19.71 billion over the same period.
The document provides an overview of the financial services sector in India. It discusses the growth of various segments such as asset management, insurance, broking, and non-banking financial companies. Some key points mentioned are that the mutual fund AUM grew at a CAGR of 14.88% between FY07-16, life insurance premiums increased at 13.1% annually between FY02-16, and non-banking financial companies are gaining prominence in retail finance with assets under management growing significantly over the years. The document also highlights opportunities in the sector such as the potential to increase insurance penetration and the growing affluent investor segment.
The document provides an overview of the financial services sector in India. Some key points:
- Assets under management by India's mutual fund industry have more than doubled since 2007 and stood at over US$354 billion in November 2017.
- Corporate investors account for the largest share of mutual fund investors in India, at around 46% of total AUM as of September 2017.
- Turnover on the National Stock Exchange has grown significantly in recent years, reaching US$790 billion in FY2017, driven by a rising number of listed companies.
- Fundraising through IPOs in India hit a record high of over US$10 billion in FY2018, as vibrant capital markets support a large number of
The financial services sector in India has grown significantly in recent years. Assets under management by the mutual fund industry have more than doubled since FY07 to US$299 billion in FY17. The life insurance market has grown from US$10 billion in FY02 to US$56 billion in FY16. Non-life insurance premiums have increased from US$2.6 billion to US$13.4 billion over the same period. The number of high net worth individuals in India has also risen steadily in recent years. Overall, various segments of the financial services sector in India such as insurance, mutual funds, brokerage and wealth management have demonstrated robust growth, supported by favorable regulations and increasing demand.
Similar to Financial Services Sector Report - January 2019 (20)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
2. Table of Content
Executive Summary………………….…….3
Advantage India…………………….……....4
Market Overview …………….………...…...6
Recent Trends and Strategies....…….…..16
Growth Drivers and Opportunities……….19
Key Industry Organisations...…….....…....29
Useful Information……….……….......…...31
3. For updated information, please visit www.ibef.org3 Financial Services
EXECUTIVE SUMMARY
Source: IMF, ICRA, Economic Times, Capgemini Wealth Report, Aranca Research, EY report
As of March 2017, India’s Gross National Savings (GNS), as a percentage of GDP, stood at 30 per cent.
Gross national savings
above 30 per cent of
GDP
The number of High Net Worth Individual (HNWI) increased to 330,400 in 2017 and the population of HNWIs
is expected to double by 2020.
India’s HNWIs wealth is likely to expand at a CAGR of 19.7 per cent and reach around US$ 3 trillion by 2020.
India’s HNWI population
to double by 2020
For the year 2017-18, the Assets Under Management (AUM) of the mutual fund industry stood at Rs 23.26
lakh crore (US$ 360 billion).
Mutual fund industry AUM recorded a CAGR (in Rs) of 15.51 per cent over FY07–18. India is considered one
of the preferred investment destinations globally. The Association of Mutual Funds in India (AMFI) is
targeting nearly five fold growth in assets under management (AUM) to INR 95 lakh crore (US$ 1.47 trillion)
and a more than three times growth in investor accounts to 130 million by 2025.
Robust AUM growth
The total amount of Initial Public Offerings increased to Rs 84,357 crore (US$ 13,089 million) by the end of
FY18.
In FY19 (up to June 2018) US$ 1.2 billion has been raised from 37 (Initial Public Offerings) IPOs.
Fundraising via IPOs on
the rise
Note: NBFC – Non-Banking Financial Company
5. For updated information, please visit www.ibef.org5 Financial Services
ADVANTAGE INDIA
Rising incomes are driving the demand for
financial services across income brackets.
Financial inclusion drive from RBI has
expanded the target market to semi-urban and
rural areas.
Investment corpus in Indian insurance sector
can rise to US$ 1 trillion by 2025.
India benefits from a large cross-utilisation of
channels to expand reach of financial services.
Maharashtra has launched its mobile wallet
facility allowing transferring of funds from other
mobile wallets. Maharashtra is the first state to
launch it.
As of October 2018, the Financial Inclusion
Lab has selected 11 fintech innovators with an
investment of US$ 9.5 million promoted by the
IIM-Ahmedabad's Bharat Inclusion Initiative
(BII) along with JP Morgan, Michael and Susan
Dell Foundation, and the Bill and Melinda
Gates Foundation.
Credit, insurance and investment penetration is
rising in rural areas.
HNWI participation is growing in the wealth
management segment.
Lower mutual fund penetration of 5–6 per cent
reflects latent growth opportunities.
The Government of India launched India Post
Payments Bank (IPPB), to provide every district
with one branch which will help increase rural
penetration. It opened a total of 1,896,410
accounts till December 24, 2018.
Government has approved new banking
licenses and increased the FDI limit in the
insurance sector.
Gold Monetization Scheme, 2015, Atal
Pension Scheme, Pradhan Mantri Suraksha
Bima Yojana, Pradhan Mantri Jeevan Jyoti
Bima Yojana.
ADVANTAGE
INDIA
Source: IMF, World Bank, KPMG report “Indian Mutual Fund Industry”, Ministry of External Affairs
Note: FDI – Foreign Direct Investment, IIM – Indian Institute of Management
7. For updated information, please visit www.ibef.org7 Financial Services
SEGMENTS OF THE FINANCIAL SERVICES SECTOR
Source: Aranca Research
Note: NBFC - Non Banking Financial Company
Financial Services
Asset Management.
Broking.
Wealth Management.
Investment
Banking.
Life.
Non-life.
Asset finance company.
Investment company.
Loan company.
Capital markets Insurance NBFCs
8. For updated information, please visit www.ibef.org8 Financial Services
ASSETS UNDER MANAGEMENT HAVE MORE THAN
DOUBLED SINCE FY08
Source: Association of Mutual Funds - AMFI, Aranca Research
125.40
90.40
129.50
129.80
125.30
129.20
136.90
179.60
252.06
272.62
331.42
316.84
0
50
100
150
200
250
300
350
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
As of December 2018, the Assets Under Management of the mutual
fund industry stood at Rs 22.86 trillion (US$ 316.84 billion).
Inflows in India's mutual fund schemes via the Systematic
Investment Plan (SIP) route reached Rs 67,190 crore (US$ 10.43
billion) during FY18 from Rs 43,921 crore (US$ 6.55 billion) during
FY17. During April-November 2018, Rs 604.57 billion (US$ 8.61
billion) was collected.
Equity mutual funds have registered a net inflow of Rs 812.11 billion
(US$ 11.26 billion) in April-December 2018, thereby taking their
asset base to Rs 6.99 trillion (US$ 96.88 billion).
Growth in B30 (beyond top 30) cities, sustainability of alpha,
alternative investments and regulation norms are expected to shape
the mutual fund industry in the coming years.
Visakhapatnam port traffic (million tonnes)Mutual fund assets under management* (AUM) (in US$ billion)
CAGR (in Rs): 15.51%
Note: AUM – Assets Under Management, * - as of December 2018, CAGR in Rs till FY18, Confederation of Indian Industry (CII) Mutual Fund Sector report
9. For updated information, please visit www.ibef.org9 Financial Services
CORPORATE INVESTORS ARE BY FAR THE LARGEST
INVESTOR IN MUTUAL FUNDS CATEGORY
In September 2018, corporate investors AUM stood at US$ 127.33 billion, while HNWIs and retail investors reached US$ 99.28 billion and US$
80.46 billion, respectively.
In 2017, Alternative Investment Funds (AIFs) in India doubled to 346 and raised US$ 5.7 billion.
Source: AMFI, Money Control, India Private Equity Report 2018 by Bain and Co
Leading AMCs in India (between July-September 2018)
127.33
99.28
80.46
5.44 1.59
Corporates
High Networth
Individuals*
Retail
Banks/FIs
FIIs
Note: HNWI - High Net Worth Individuals, AMC - Asset Management Company, AUM – Assets Under Management * - individuals investing 500,000 and above, data is expected to be
updated by March 2019 from quarterly reports of Association of Mutual funds India
Top 5 AMCs in India AUM (US$ billion)
ICICI Prudential Asset Management Co. Ltd 44.21
HDFC Asset Management Co. Ltd 43.65
Aditya Birla Sun Life Asset Management Co. Ltd 36.22
SBI Funds Management Private Limited 36.17
Reliance Nippon Life Asset Management Ltd 34.89
Investor breakup as of September 2018 (US$ billion)
10. For updated information, please visit www.ibef.org10 Financial Services
INDIAN EQUITY MARKET MEETING THE GOLBAL
PACE
Source: National Stock Exchange, SEBI
Note: NSE – National Stock Exchange
Indian stocks markets, S&P Sensex and Nifty 50, rose 10-11 per cent
in FY18.
The number of companies listed on the NSE rose from 135 in 1995 to
1,923 by the end of December 2018.
’India has scored a perfect 10 in protecting shareholders' rights on the
back of reforms implemented by Securities and Exchange Board of
India (SEBI) in World Bank's Ease of Doing Business 2018 report.
2,245
2,294 2,263
1,923
1,494
0
500
1,000
1,500
2,000
2,500
Australian SE Hong Kong
SE
Korea SE NSE India* Shanghai SE
Listed companies on major stock exchanges in Asia-Pacific
countries (as of December 2018)
11. For updated information, please visit www.ibef.org11 Financial Services
VIBRANT CAPITAL MARKET EVIDENT THROUGH
LARGE NUMBER OF LISTINGS
Companies listed on NSE and BSE Amount raised by IPOs (US$ million)
5,850
6,049
6,268
6,361
6,445
6,641
6,779
6,877
7,024
7,357
7,719
7,651
7,501
7,286
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Source: SEBI, EY, ICRA
Note: FII – Foreign Institutional Investors, NSE – National Stock Exchange, SME - Small and Medium-sized Enterprises, BSE – Bombay Stock Exchange, * - NSE as on December 2018
and BSE as on August 2018, ^ - April-June 2018, India IPO Market Insight report by EY
The number of listed companies on NSE* and BSE* were 1,923 and 5,363, respectively.
The total amount of Initial Public Offerings (IPO) increased to Rs 84,357 crore (US$ 13,089 million) by the end of 2017-18. The total number of
IPO’s reached 161 and amounted to US$ 5.52 billion between January-November 2018.
0.19 0.47
2.31
4.54
13.09
1.20
0
2
4
6
8
10
12
14
FY14 FY15 FY16 FY17 FY18 FY19^
12. For updated information, please visit www.ibef.org12 Financial Services
84,000
120,000
153,000
125,000
153,000
156,000
198,000
200,000
216,000
263,000
-
50,000
100,000
150,000
200,000
250,000
300,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
WEALTH MANAGEMENT: AN EMERGING SEGMENT
The number of HNWIs in India reached 263,000 by the end of 2017.
Between 2011 and 2017, number of HNWIs in India has seen a
steady rise at a CAGR of 13.52 per cent. By the end of 2025, global
HNWI wealth is estimated to grow to over US$ 100 trillion.
High net worth households would grow at an even faster rate till
2019 growing at a CAGR of about 21.5 per cent.
Advisory asset management and tax planning has one of the highest
demand among wealth management services by HNWIs; this is
followed by financial planning.
Visakhapatnam port traffic (million tonnes)Number of HNWIs in India
Source: World Wealth Report by Capgemini, Asia Pacific Wealth Report 2018 by Capgemini
Note: HNWI – High Net Worth Individuals
13. For updated information, please visit www.ibef.org13 Financial Services
THE LIFE INSURANCE SEGMENT HAS GROWN
SIGNIFICANTLY IN RECENT YEARS
In FY18, the total first year premium of life insurance companies was valued at Rs 193,866.23 crore (US$ 30.10 billion). It reached Rs 1.23 trillion
(US$ 17.53 billion) between April–November 2018.
Over FY11–17, life insurance premiums witnessed growth at a CAGR of 0.24 per cent.
Source: IRDA
Major private players in the life insurance segment (between
April-November 2018)
Name Total premiums (US$ million)
HDFC Standard 1,213.83
SBI Life 1,101.23
ICICI Prudential 836.42
Max Life 367.11
Bajaj Allianz 387.45
52.71 51.9 53.64 56.06
62.45
30.10
17.53
0
10
20
30
40
50
60
70
FY13 FY14 FY15 FY16 FY17 FY18* FY19^
Life insurance Premium (US$ billion)
Note: * - FY18 only includes First Year Premium of Life Insurers the data is expected to be updated by April 2019, ^ - FY19 only includes First Year Premium of Life Insurers till November
2018, CAGR till FY17
14. For updated information, please visit www.ibef.org14 Financial Services
NON-LIFE INSURANCE SEGMENT HAS BEEN RISING
AS WELL
Non-Life insurance premiums were Rs 1.5 lakh crore (US$ 23.27
billion) during FY18.
During FY02–18, increase in non-life insurance premiums witnessed
at a CAGR of 16.65 per cent .
In April-October 2018, the Gross Direct Premiums reached Rs
860.90 billion (US$ 12.27 billion), showing an year-on-year growth
rate of 11.72 per cent.
Visakhapatnam port traffic (million tonnes)Non-life insurance premiums (US$ billion)
Source: IRDA, General Insurance Council
Note: YoY – Year on Year, * - from April–October 2018, CAGR till FY 2018
9.28
11.05
12.03
13.14
14.95
19.89
23.38
12.27
0
5
10
15
20
25
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
15. For updated information, please visit www.ibef.org15 Financial Services
0.29
0.42
0.61
0.85
1.06
1.61
4.31
5.65
6.10
4.95
-
1
2
3
4
5
6
7
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
NBFC: GROWING IN PROMINENCE
NBFCs are rapidly gaining prominence as intermediaries in the retail
finance space
NBFCs finance more than 80 per cent of equipment leasing and hire
purchase activities in India
The public deposit of NBFCs increased from US$ 0.29 billion in
FY09 to Rs 319.05 billion (US$ 4.95 billion) in FY18, registering a
Compound Annual Growth Rate (CAGR) of 36.86 per cent.
The gross loans of India’s Non-Banking Finance Company-
Microfinance Institutions (NBFC-MFIs) increased 24 per cent year-
on-year in Q2 FY18 to Rs 38,288 crore (US$ 5.89 billion).
NBFC’s market share in commercial loans increased to 2.8 per cent
in 2016-17 from 2 per cent in 2015-16*.
Visakhapatnam port traffic (million tonnes)NBFC Public Deposit (in US$ billion)
Source: RBI, Microfinance Institutions Network (MFIN)
Note: NBFC - Non Banking Financial Company, FY19 update is expected to be available by October 2019, * - as per latest data available
17. For updated information, please visit www.ibef.org17 Financial Services
RECENT TRENDS
Source: Aranca Research, 'World Payment Report 2017' by Capgemini, Credit Suisse, Crisil, The Economist Intelligence Unit commissioned by payments company Visa
New distribution channels such as bank assurance, online distribution and NBFCs have widened the reach and
reduced operational costs
The life insurance sector has witnessed the launch of innovative products such as Unit Linked Insurance Plans
(ULIPs)
Most general insurance public companies are planning to expand beyond Indian markets, especially in South-
East Asia and the Middle East
Insurance industry in India is expected to reach US$ 280 billion by 2020
As the Reserve Bank of India (RBI) allows more features such as unlimited fund transfers between wallets and
bank accounts, mobile wallets will become strong players in the financial ecosystem,
India's mobile wallet industry is estimated to grow at a compound annual growth rate (CAGR) of 148 per cent to
reach US$ 4.4 billion by 2022.
NBFCs have served the unbanked customers by pioneering into retail asset-backed lending, lending against
securities and microfinance. NBFCs aspire to emerge as a one-stop shop for all financial services
Non-Banking Financial Companies are expected to raise their share to 19-20 per cent by 2020 through
recapitalisation program for public sector@
New RBI guidelines on NBFCs with regard to capital requirements, provisioning norms and enhanced disclosure
requirements are expected to benefit the sector in the long run
Insurance Sector
Mobile Wallets
NBFCs
Indian companies are strengthening their footprint on foreign shores, enhancing geographical exposure. Digital
transactions reached an all-time high of 1.11 billion in January 2018. India's digital payments are estimated to
increase to US$ 1 trillion by 2023, backed by global technology majors boosting infrastructure as aggregators for
retail payments.
India has been ranked 28th out of 73 countries in 2018, in adoption of e-payments by the government.
Digital Transactions
18. For updated information, please visit www.ibef.org18 Financial Services
STRATEGIES ADOPTED
Source: Ministry of External Affairs, RBI, EY Annual Report 2018, PE Roundup – 1H2018 & Jun’18 report by EY, NBFC, Online Financial Services, Payment Solutions.
Indian companies are strengthening their footprint on foreign shores, enhancing geographical exposure.
In insurance industry, several new and existing players have introduced innovative insurance-based products,
value add-ons and services. Few foreign companies have also entered the domain, including Tokio Marine, Aviva,
Allianz, Lombard General, AMP, New York Life, Standard Life AIG and Sun Life.
HDFC Capital Advisors Ltd has raised US$ 550 million for its second affordable housing fund, HDFC Capital
Affordable Real Estate Fund-2 (H-CARE-2), which will invest in affordable and mid-income and residential
projects in 15 cities across India.
Innovation
As of December 2018, Warburg Pincus LLC acquired minority stake in Fusion Microfinance for Rs 520 crore (US$
75 million).
In October 11, 2018, MobiKwik forayed into the wealth management business with acquisition of Clearfunds.
In H12018, 74 deals of acquisition took place in financial sector. The total value of such transactions was US$
4.166 billion.
Mergers and
Acquisition
The explosion of mobile phones, uptake of technologies such as cloud computing and rising pace of convergence
and interconnectivity have led companies in the financial services industry to ramp up investment in Information
Technology (IT) to better serve their end-customers
Stepped up IT
expenditure
Expanding
geographical presence
20. For updated information, please visit www.ibef.org20 Financial Services
GROWTH DRIVERS IN FINANCIAL SECTOR
Source: NSE, News articles, Microfinance Institution Network, Boston Consulting Group (BCG)
In September 2018, SEBI asked for recommendations to strengthen rules which will enhance the overall
governance standards for issuers, intermediaries or infrastructure providers in the financial market.
In December 2018, Securities and Exchange Board of India (SEBI) proposed direct overseas listing of Indian
companies and other regulatory changes. It has provided companies with a broader investor base, better
valuation, increased awareness, analyst coverage and visibility.
In November 2018, India's leading stock exchange BSE has created a new sub-segment within its existing
small to medium (SME) segment to list start-up companies in India.
Government Initiatives
Financial sector growth can be attributed to rise in equity markets and improvement in corporate earnings.
In FY17, individual wealth in India expanded to Rs 344 lakh crore (US$ 5,337.47 billion) from Rs 310 lakh
crore (US$ 4,620.66 billion) in FY16.It increased growth rate from 10.91 per cent in FY17 to 8.50 per cent in
FY16.
By 2022, India’s personal wealth is forecasted to reach US$ 5 trillion at a CAGR of 13 per cent. It stood at
US$ 3 trillion in 2017.
Shift to Financial Asset
class
As of November 2018, outlook of global brokerages Morgan Stanley and Credit Suisse are turning upbeat
towards Indian equities.
Investments by Foreign Portfolio Investors (FPIs) in Indian capital markets have reached Rs 6,310 crore
(US$ 899.12 million) up to November 22, 2018.
Others
Note: IT – Information and Technology
21. For updated information, please visit www.ibef.org21 Financial Services
GROSS NATIONAL SAVINGS TO CONTINUE GROWING
AT A HEALTHY PACE
Gross National Savings as percentage of GDP was 30.00 per cent in
17.
Visakhapatnam port traffic (million tonnes)Gross national savings as per cent of GDP
Source: IMF, Reserve Bank of India
Note: F – Forecast, Deloitte Center for Financial Services, data is expected to be updated by May 2019 from CEIC data
33.00
31.60
31.00
31.60
30.60
28.90
30.00
26
27
28
29
30
31
32
33
34
2011 2012 2013 2014 2015 2016 2017
22. For updated information, please visit www.ibef.org22 Financial Services
CONTINUED GROWTH IN EQUITIES AND INNOVATIVE
PRODUCTS
Turnover for derivatives segment (US$ billion)
Source: National Stock Exchange, Venture Intelligence Karvy India Wealth Report 2017, Private Equity Deal Tracker report by EY
1,069
1,228
1,381
1,432
1,470
1,574
1,646
1,666
1,688
1,736
1,808
1,817
1,872
1,923
0
500
1,000
1,500
2,000
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
6.42 6.54 5.81 6.34
9.23 10.25
14.75
25.60
0
5
10
15
20
25
30
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
The Indian equity market is expanding in terms of listed companies and market cap, widening the playing field for brokerage firms. Sophisticated
products segment is growing rapidly, reflected in the steep rise in growth of derivatives trading.
With the increasing retail penetration there is immense potential to tap the untapped market. Growing financial awareness is expected to increase
the fraction of population participating in this market.
Total wealth held by individuals in unlisted equities is projected to grow at a CAGR of 19.54 per cent to reach Rs 17.64 lakh crore (US$ 273.69
billion) by FY22.
Private Equity (PE) investments grew at the rate of 36 per cent year-on-year to reach US$ 33.1 billion with about 720 deals in 2018 from US$ 24.3
billion with 734 deals in 2017.
The total number of companies listed on National Stock Exchange by end of December 2018 was 1,923.
Turnover for derivatives segment for 2017-18 was Rs 1,649.85 lakh crore (US$ 25,599 billion).
In October 2018, Bombay Stock Exchange (BSE) became the first Indian stock exchange to launch the commodity derivative contracts in gold and
silver.
Number of listed companies - NSE
Note: * - As of December 2018
23. For updated information, please visit www.ibef.org23 Financial Services
RISING SCOPE FOR WEALTH MANAGEMENT
Source: Aranca Research, News Articles
India is one of the fastest growing wealth management markets in the world.
The HNWI population in India is young and therefore more receptive towards sophisticated financial products.
India has over 330,400 individuals with net worth of more than US$ 1 million with assets close to US$ 8,230 billion in 2017.
The regulatory environment for fiduciary duties in wealth management is evolving; players will benefit greatly
from quickly adopting new investor protection measures.
Investor protection
Brand building coupled with partnership based model will improve the advisory penetration. Greater focus on
transparency will speed up the process.
Brand building
Investment in required technologies, imbibing state-of-the-art best practices of advisory and creating
customised and innovative products will enable growth.
Innovation
24. For updated information, please visit www.ibef.org24 Financial Services
HNWI POPULATION TO DOUBLE BY 2020
Source: Deloitte Center for Financial Services, Capgemini Asia Pacific Wealth Report 2018
HNWI population in India is expected to expand rapidly over the next seven years.
Total wealth holdings by HNWI in India is expected to reach US$ 3 trillion by 2020.
In Asia-Pacific, India is among the top five countries in terms of HNWIs.
High-net-worth population and wealth in India
Year Population Wealth (US$ billion)
2010 153,000 511
2011 126,000 408
2012 153,000 589
2013 156,000 627
2014 198,000 709
2015 200,000 797
2016 219,000 769
2017 263,000 895
25. For updated information, please visit www.ibef.org25 Financial Services
INSURANCE TO BENEFIT FROM WIDENING REACH
ACROSS SEGMENTS
Targeted at rural segment, potentially
addressing two-thirds of Indian population
policy incentives are driving growth.
Passenger car sales in the country grew at
a y-o-y of 3.33 per cent in FY18.
Increasing number of insurance
registered for passenger cars and for
construction activities will rise with India’s
infrastructure growth plans.
Only one per cent population covered
currently, suggesting that the vast market
is yet to be tapped. Health insurance
accounts for 1.2 per cent of total
healthcare spend.
Demand for agricultural and livestock
insurance growing on the back of rising
awareness among rural population.
Insurance
Source: YoY – Year on Year
Note: F – Forecasts, E –Estimated, Deloitte Center for Financial Services
26. For updated information, please visit www.ibef.org26 Financial Services
HUGE UNTAPPED POTENTIAL AT THE ‘BOTTOM OF
THE PYRAMID
Source: Aranca Research
Note: MFI – Micro Finance Institutions; NGO – Non Governmental Organisation; SHG – Self Help Groups
Two-thirds of India’s population lives in rural areas where financial services have made few inroads so far. Rural India, however, has seen steady
rise in incomes creating an increasingly significant market for financial services.
There are several standalone networks of SHG, NGO’s and MFI’s in different parts of rural India. Cross-utilisation of these channels can facilitate
faster penetration of a wider suite of financial services in rural India.
Increasing use of technology to reach rural India is the paradigm-shifting enabler. Internet kiosk based channels are expected to become the
bridge that connects rural India to financial services.
Rural credit segment is a large market, which can be tapped by ensuring timely loans which are critical to
agricultural sector.
Self Help Groups and NGOs are useful vehicles to make inroads into rural India.
Credit
Safe investment options have a potential to tap into rural household savings.
Some private players are coming up with innovative products like third party money market mutual funds to
cater to rural investment needs.
Investments
Agricultural, livestock and weather insurance are potentially large markets in rural India.
Harnessing existing networks of MFIs, NGOs can speed up the process.
Market size to reach US$ 280 billion by 2020.
Insurance
27. For updated information, please visit www.ibef.org27 Financial Services
FAVOURABLE POLICY MEASURES AND
GOVERNMENT INITIATIVES…(1/2)
Source: Dun and Bradstreet., Media articles
Under the Union Budget 2018-19, the government has allocated Rs 3 trillion (US$ 46.34 billion) towards the
Mudra (Micro-Units Development & Refinance Agency Ltd) Scheme.
As per the Union Budget 2018-19, the recapitalisation of PSBs is expected to allow banks to lend additional Rs 5
lakh crore (US$ 77.23 billion).
Budgetary Measures
Note: QFI – Qualified Foreign Investors
The Goods and Services Tax (GST) on financial services transactions like banking transactions, mutual funds,
insurance and stock market has been increased from the current 15 per cent to 18 per cent.
The Government of India is planning to introduce a two percentage point discount in the Goods and Services Tax
(GST) on business-to-consumer (B2C) transactions made via digital payments.
Goods and Services
Tax (GST)
In April 2018, the Government of India issued minimum FDI capital requirement of US$ 20 million for unregistered
/exempt financial entities engaged in ‘fund based activities’ and threshold of US$ 2 million for unregistered
financial entities engaged in ‘non-fund based activities’.
FDI requirement for
fund based and non
fund based financial
entities
28. For updated information, please visit www.ibef.org28 Financial Services
FAVOURABLE POLICY MEASURES AND
GOVERNMENT INITIATIVES…(2/2)
In November 2018, National Stock Exchange of India (NSE) has launched a new mobile application and web-
based platform NSE goBID for retail investors to invest in government securities.
In November 2018, Bombay Stock Exchange (BSE) has enabled offering live status of applications filed by listed
companies on its online portal.
Bombay Stock Exchange (BSE) introduced weekly futures and options contracts on Sensex 50 index from
October 26, 2018.
The Government of India is planning to launch a global exchange traded fund (ETF) in FY20 to raise long term
investments from overseas pension funds.
Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) attained permission from the
Securities and Exchange Board of India (SEBI), to launch commodity derivatives trading from October 1, 2018.
Other initiatives
Insurance products are covered under the EEE (exempt, exempt, exempt) method of taxation. This translates to
an effective tax benefit of approximately 30 per cent on select investments (including life insurance premiums)
every financial year.
Reduction in securities transaction tax from 0.125 per cent to 0.1 per cent on cash delivery transactions and from
0.017 per cent to 0.1 per cent on equity futures.
Indian tax authorities plan to sign a bilateral advance pricing agreement with a number of companies in Japan.
The agreement is aimed at avoiding conflicts with multinational companies over sharing of taxes between India
and the countries where these firms are based.
Tax incentives
Source: Media articles
30. For updated information, please visit www.ibef.org30 Financial Services
INDUSTRY ORGANISATIONS
Maker Bhavan No 1, 4th Floor,
Sir V T Marg, Mumbai – 400 020
India
Phone: 91 11 22846544
E-mail: ibai@ibai.org
Insurance Brokers Association of India (IBAI)
One Indiabulls Centre,
Tower 2, Wing B, 701,
841 Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400 013
India
Phone: 91 11 24210093 / 24210383
Fax: 91 11 43346712
E-mail: contact@amfiindia.com
Association of Mutual Funds in India (AMFI)
222, Ashoka Shopping Centre,
II Floor, L T Road, Near G T Hospital
Mumbai – 400 001
India
Phone: 91 11 2267 5500
Fax: 91 11 2267 5600
E-mail: info@fidcindia.com
Finance Industry Development Council (FIDC)
32. For updated information, please visit www.ibef.org32 Financial Services
GLOSSARY
AUM: Assets Under Management
BSE: Bombay Stock Exchange
CAGR: Compound Annual Growth Rate
FII’s: Foreign Institutional Investors
GDP: Gross Domestic Product
HCV: Heavy Commercial Vehicle
HNWIs: High-Net-Worth Individuals
IRDA: Insurance Regulatory and Development Authority
LIC: Life Insurance Corporation
NBFCs: Non Banking Financial Company
NSE: National Stock Exchange
RBI: Reserve Bank of India
SEBI: Securities and Exchange Board of India
US$ : US Dollar
33. For updated information, please visit www.ibef.org33 Financial Services
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Q3 2018-19 72.15
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
34. For updated information, please visit www.ibef.org34 Financial Services
DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation
with IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval
of IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.