India is the leading country in the world in terms of digital transactions with a 19 times jump in digital transactions in just 7 years.
US$ 1,602.65 bn
Total assets of the public banking sector in FY21
US$ 878.56 bn
Total assets of the private banking sector in FY21
Total banking sector assets
US$ 1.56 trillion
Bank credit as on 31st December 2021
middle-income and 21mn high-income households to be added by 2030, which will drive demand and growth.
average GDP growth in the last five years, based on strong structural reforms.
of family-owned businesses in India open to PE funding, as opposed to 39% globally.
US$ 83.48 bn
India's fintech market by 2025
of +25 public-sector banks and insurance firms to streamline the sector.
CAGR estimated in India's mobile wallet industry to reach US$4.4 billion by 2022.
growing FinTech markets in the world. India is ranked the highest globally in FinTech adoption along with China.
The objective of the Stand Up India scheme is to facilitate bank loans worth between US$ 13,458 and US$ 134 thousand to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
The Union Cabinet, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below (including unrated paper with original/ initial maturity of up to one year) issued by NBFCs/ MFCs/Micro Finance Institutions (MFIs) by Public Sector Banks (PSBs) through an extension of the Partial Credit Guarantee Scheme (PCGS).
The Insolvency and Bankruptcy Code, 2016 enables a corporate person to initiate voluntary liquidation process if it has no debt or it will be able to pay its debts fully from the proceeds of the assets.
The Insolvency and Bankruptcy Code, 2016 (Code) envisages appointment of an authorised representative (AR) by the Adjudicating Authority to represent financial creditors in a class, like allottees under a real estate project, in the committee of creditors.
The Monetary Policy Committee resolved to maintain the repo rate at 4.0% through the liquidity adjustment facility. Efforts are to be directed towards the maintaining of inflation within a targeted range in order to facilitate economic recovery given the COVID-19 pandemic.
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India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
Asian Development Bank's largest grantee in 2018 at around US$3bn was India.
Blackstone Group, a US-based private equity firm, has picked up assets in India.
Canada Pension Plan Investment Board has invested in a variety of assets in India.
US investment bank Goldman Sachs Group has invested in a variety of Indian assets.
GIC, the sovereign wealth fund of Singapore, has invested in several Indian assets.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments