The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking.
The FM may also have to sweeten the Union Budget 2017 for the people of India, at large, who have faced some hardships due to demonetisation; and also to promote digital transactions and head towards a cashless economy.
Tens of thousands of jobs in Britain's financial services sector could be lost if euro clearing shifts to continental Europe and full access to the bloc's single market is lost, top industry officials said on Tuesday.
The latest survey of 115 financial services firms by business lobby CBI and consultancy PwC found that optimism fell during the three months to September, the third quarter in a row that it has dropped, marking the longest decline since the depths of the financial crisis in 2009.
Relaxation in prudential norms for debt mutual funds by Sebi is a positive step for housing finance companies, a report by credit rating agency Icra said today.
Non-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth of the financial services sector, a study has said.
Tempted to move job? But then struck by the thought that this could be rash, given the economic gloom and doom? Better the employer you know, and all that.
Asking India to liberalise its foreign investment policies, particularly in the financial services sector, the US today said further opening these areas can add about 1.5% to the country's economic growth.
Pharma major Piramal Healthcare is expanding into the financial services sector and plans to set up two NBFCs which will lend to infrastructure and other sectors.