Bank

Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday Kotak

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Savers have turned investors in 2024 as their exposure to bank deposits has fallen to 42% from 53% in 2020, Kotak Mahindra Bank Founder & Director Uday Kotak tweeted. Calling it a rebalancing of household financial assets, Kotak advised investors to change their mindset as the future called for a holistic approach to financial services. … Read more

Draghi report on EU economy is ‘severe but just’: ECB’s Lagarde

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European Central Bank chief Christine Lagarde said Thursday a report written by her predecessor Mario Draghi calling for sweeping reforms to boost the EU economy was “severe” but “just”. “It’s a formidable report in that it poses a diagnosis which is severe but which is just in our view,” Lagarde said at a press conference. … Read more

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