The wealth management industry in India is growing rapidly mainly because of two rea- sons – changing regulatory environment and increasing competition. Also, there is a rise in the number of Indians and High-Net-Worth Individuals (HNWIs) who are joining the millionaires club, and for them, wealth management has become a dire need. Wealth Management is basically investment advice or assistance to manage a person’s financial life. These services are offered to clients in packages to provide benefits with two main goals, growth and safety of their existing investment.
Learn MoreMoody's Investors Service on November 30 said the bank capital will moderately fall in emerging Asia over the next two years, with India seeing larger capital decline without further infusion.
Learn MoreS&P Global Ratings on Monday retained its forecast of 9 percent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen.
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