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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
There were substantial changes in India's insurance sector between October 2024 and February 2025. The Insurance Regulatory and Development Authority of India (IRDAI) has issued a series of important regulatory updates. The regulator initiated the ...
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The implementation of the new Telecommunications Act 2023 in July 2024 provided a significant boost to the Indian telecommunications sector. The Act replaced several legislative instruments governing the industry, some of which trace back to 1883, ...
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India is a substantial global producer and exporter of chemicals. India's chemical expertise encompasses a diverse array of product categories. Despite these advantages, India is still a net chemical importer. In several key categories, India lacks ...
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The steel industry plays a pivotal role in driving India's economic growth and development, serving as a key raw material for strategically important sectors like automotive, construction, and transportation. Its extensive impact is evident through ...
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The EU-27 is home to around 10 million farms and some 17 million people working regularly in the agriculture sector. The industry accounts for a small percentage of the Member States' national GDPs, but is subject to the 27-nation bloc's only, oldest ...
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The countries in Central and Eastern Europe (CEE)* continues to prioritise infrastructure development as a cornerstone for economic growth and regional integration. Infrastructure quality and availability in the region are steadily improving, ...
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Between 2019 and 2023, Vietnam's real GDP expanded at an average annual rate of approximately 4.6%. Infrastructure investment was a considerable driving factor in this accomplishment. According to Vietnam Law Magazine, Vietnam spends about 6% of its ...
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The Malaysian banking sector remained on a strong footing in 2024 on the back of healthy capital adequacy ratios and prudent lending practices. Banks improved their profitability and capital adequacy as the economy grew, driven by strong domestic ...
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To reduce expenditures, an increasing number of Vietnamese consumers are choosing bundled service packages supplied via fixed broadband to the detriment of fixed-line telephony and cable TV. Telecommunications providers took advantage of this trend ...
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Brazil's agribusiness sector has solidified its position as a global powerhouse, contributing significantly to the country's GDP and employment. In 2024, the sector's gross value of production (GVP) was expected to reach BRL 1.29tn, reflecting a ...
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