IndusInd International Holdings, which has a significant shareholding from UAE residents, aims to grow its banking and financial services (BFSI) business to a targeted valuation of $50 billion through acquisitions in India, Europe and Middle East by 2030.
IndusInd International Holdings targets US$50 billion valuation in banking and financial services through acquisitions, says Ashok Hinduja menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.
Markets are extrapolating the current run rate in auto numbers and hence from safety point of view, autos can be avoided for the time being, Umeshkumar Mehta advised.
Reflecting on the 90-year journey of India's RBI, from political shifts to economic reforms, and its pivotal role in financial evolution. While successes in monetary policy stand out, challenges in bank supervision remain. Urgent reforms are needed for a resilient future.
Ratul Puri vs Bank Of Baroda on 29 February, 2024 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ -- Supply Chain Resources Group, a leading global provider of world class engineering and operations professionals through its Talent-on-Demand...