India

Goldman Sachs Group Inc. has downgraded Indian equities to neutral from overweight, citing a slowdown in economic growth that is expected to affect corporate earnings. 

Russia’s largest bank, Sberbank, reports that its business in India is thriving, with trade between the two countries progressing smoothly, despite the Western sanctions impacting other international trade relations.  

Today’s News  India’s central bank has taken stringent action against Kotak Mahindra Bank, prohibiting the institution from issuing credit cards and onboarding new digital and mobile banking customers. This move signals a significant escalation in regulatory enforcement within India’s consumer finance sector.  The Reserve Bank of India (RBI) cited “serious deficiencies” in IT risk management […]