News for 19-10-2018

Here are the major News for 19-10-2018 compiled from various sources, simply click on the given link to read the respective news item. Please feel free to add your comments to indulge into meaningful discussions and debates on the topics:

Business Standard
Banks can continue with Aadhar enabled payment system: UIDAI

UIDAI clarified that banks can continue to accept Aadhar enabled payment system (AEPS) of transactions like deposit, withdrawal and balance enquiry, as a part of direct benefit transfer scheme.

India’s personal wealth may grow at a CAGR of 13% to USD 5 trillion by 2022: BCG

A Boston Consulting Group (BCG) study pointed that India could become the 11th wealthiest nation globally by 2022 in terms of total personal wealth. India stood at 15th position in 2017. USA leads the world in personal wealth.

91% of India’s adult population has wealth below Rs. 730000: Credit Suisse

A Global Wealth study by Credit Suisse pointed that whilw India ranks 6th globally in terms of ultra rich population, it is also the largest population with base-tier wealth (wealth less than 730000).

Happy Reading!
regards

Banker Forum

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