What’s happening in Indian banking system
The Indian banking system is entirely different than that of other countries in Asia and in all over the world. The difference is due to the economic culture, financial system and the geographical structure of the country. The economic development and the financial structure of the people of the country are different. The financial structure [...]
Swiss banks that provide a direct way in the economy
Banks and financial institutions (excluding insurance industry in Switzerland) employing 235,000 people and contribute to value creation in the GDP (Gross Domestic Product, which is a measure of the wealth of a country) at 60 billion Swiss francs. Over the past 20 years, almost 30% of GDP growth is due to the banking sector. And [...]
Overall, the banking sector contributes 20% of the total value creation in the economy Helvetic
Swiss banks also stimulate other sectors, indirectly. For example, the IT sector has a significant impact of the banking and financial sector (employment, purchase of equipment and services). The study took into account all these indirect benefits, and considers: – 28 billion Swiss francs creating additional added value. If we combine with the 60 billion, [...]