India's laws may be perplexing and its domestic markets inefficient, but it's becoming an essential hub for international banks
Statistics, data management and cloud-based operations are among its strengths
India is not such a place. Its laws are many and perplexing; its domestic markets, inefficient and politicised. Though saving is unrewarding, capital is still costly for entrepreneurs. International firms are mostly limited to cross-border activities. It often scores badly on quality of life.
So it is hardly surprising that although tiny Hong Kong and Singapore are globally renowned centres of finance, Mumbai, India’s financial capital, features low on most rankings. But the country is nonetheless becoming an essential hub for international banks. India is often their second-largest place of employment after their home country, and becoming ever more important for their innovation efforts.
Goldman Sachs’s new campus in Bangalore cost $250m. Once inside, a visitor feels he has been transported to the company’s New York headquarters (the same architect designed both). Both have similar amenities, such as subsidised fitness and child-care facilities, as well as a medical office. The number of people Goldman employs in Bangalore has risen from 291 in 2004 to 5,000. And India itself now provides expats, with more than 700 Indians on transfers to the firm’s offices elsewhere.
has opened three new centres in India. The most recent, in the western city of Pune, is in a building shared by Credit Suisse and Alliance and Northern Trust, a stone’s throw from others occupied by Barclays and Citi. Between Mumbai and Pune
Among the recent hires are a group of women returning to work after years away to care for children or ageing parents. Their careers have included stints at banks, rating agencies and a global pharmaceutical company, with expertise in risk analysis, quality control and product management.Read more: The Economist
We’ll know where the water went Endia is one filthy country. Another less obvious reason than cost and talent: India is anti-bitcoin and banks are afraid of bitcoin. Saw that coming... International banks seeing the opportunity for more victims, which of course means more profit. The hitler's India..
Core elements of the global banking industry are moving to IndiaStatistics, data management and cloud-based operations are among its strengths Just get rid of the whole lot of them, put them in prison, the federal reserve in America too. They are nothing more than criminal operations, just like the owners of the economist. But they’re not in the EU 😱 Cost arbitrage! The cycle will take a spin in India too. When doing business in India will be expensive and likes of Philippines will be the new 'blue eyed boy' for these banks!
Japan's core machinery orders likely fell in June: Reuters pollJapan's core machinery orders likely fell for the second straight month in ... Japan is trying to make scapegoats for the safety and lives of some of the world's most talented athletes to gloss over the radiation disaster. Play in radioactively contaminated areas, feed on radioactive agricultural and fisheries products. What a bizarre country Japan is. 생각보다 빨리 망해 가는구나! 에
Don't Let The Name Fool You: Flutter Kicks Are One Killer Core MoveFlutter kicks are an awesome abs move that tones your lower abdominals. But you need to do it correctly to get the benefits. Here's how to do flutter kicks.
India plans to ease Kashmir curbs for Friday prayers: mediaAuthorities plan to relax curbs in India's Muslim-majority state of Jammu a... Exactly as slickenteur predicted many days ago. Must follow her guys, she does brilliant political and military analysis. There was no easiness its the 5th Day of curfew in Kashmir 😷 World is sleeping UN is sleeping SaveKashmirFromModi EndKashmirBlockade Give access to the media
Torrential rains cause flooding, evacuations in southern IndiaTorrential monsoon rains in the southern Indian state of Kerala caused a major l... Seems that's what just happened in Utah. Though no one cares about Utah.
Pakistan suspends trade ties with India over KashmirPakistan said Wednesday it is suspending bilateral trade with New Delhi and expelling India's high commissioner to Islamabad. Is Pakistan on a warpath? Omg its like the ugliest girl saying that i broke up first with you 😁😁