As of September 2025, IAMI is the 16th-largest domestic asset manager in India, with combined onshore and offshore (through advisory) average assets under management of INR 148,358 crores for the quarter ending September 2025, and a presence in 40 cities across the country.

Both partners contribute their respective strengths to the venture, with Invesco offering its global investment management expertise and product range, while IIHL will support, through its promoted entity and subsidiaries, a robust distribution network comprising over 11,000 touchpoints across India and serving a customer base of 45 million. IIHL will also deploy the reach of several associate entities of its global shareholders that offer synergistic business operations to widen the customer base by another 50 million.

There will be no change in IAMI’s focus on investment excellence and exceptional client service. The JV will continue to operate under the same management led by Saurabh Nanavati, with the same disciplined and research-driven investment philosophy and processes that have been central to its investment offerings since 2008, ensuring strong continuity for investors, distributors, and other stakeholders. 

Ashok Hinduja, Chairman, IIHL, said, “At IIHL, we are very enthused with this JV with Invesco, to augment our para banking portfolio by including Asset Management, and be a global financial (BFSI) powerhouse by 2030.   This is the most opportune time, when India, on the back of rising income levels, favourable demographics, offers enormous investment prospects to all Indians, the diaspora included. We will endeavour to reach the last home, last investor transparently and efficiently, and live up to investors’ expectation that mutual fund sahi hai.”

Andrew Lo, Chief Executive Officer, Asia Pacific at Invesco, said: “Our India business has seen solid growth in the last nine years. We now look forward to the partnership with IIHL to further expand our distribution capability in the domestic market.  As always, our focus will remain squarely on industry-leading investment offerings and service for our India clients with compelling global and domestic investment capabilities.”

Speaking on the announcement, Saurabh Nanavati, CEO, Invesco Asset Management (India), said: “We are pleased to announce the completion of this strategic transaction. This joint venture represents the coming together of Invesco’s global expertise in asset management and IIHL, facilitating its deep local market presence. Together, we aim to strengthen our reach and expand distribution, especially in Tier 2 and Tier 3 towns, thereby making quality investment solutions available to a wider set of investors across India. We also aim to increase our presence and offerings through GIFT City, SIFs, Passive Products, and Digital channels.”

Motilal Oswal Investment Advisors acted as the exclusive financial advisor to IIHL. Crawford Bayley and AZB acted as legal advisors to IIHL & Invesco, respectively.

Founded in 1993 under the visionary leadership of the late Shri S.P. Hinduja and his three brothers, IIHL is an investment holding Company well-regulated by the Financial Services Commission, Mauritius, under a Global Business License and is governed by the Board of Directors.  Its investment portfolio under various Regulatory jurisdictions comprises Banking Services (IndusInd Bank, IIHL Bank & Trust Limited- Bahamas), Capital Market Assets (Afrinex Exchange Limited, Mauritius, with a cumulative listing of $13.5bn of underlying securities). Recently, it acquired the Insurance Businesses (Life, Non-Life, and Health) along with the Securities business of Reliance Capital Ltd to augment its portfolio.

IAMI began operations in India in late 2008 with the acquisition of Lotus India Asset Management Company and has since grown to serve over 2.9. million retail investor folios and over 48,000 empanelled distributors, with over 70% of its AUM in equity and equity-oriented assets. Invesco also operates an enterprise centre in Hyderabad employing more than 1,700 staff across a range of global support functions, including information technology, investment operations, finance, compliance, and human resources.

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PUNE: As global markets navigate a period of uncertainty, investors are faced with critical decisions on how to deploy their surplus capital amid volatility. The key questions remain: is now the right time to invest? What sectors or asset classes hold the most promise? By analyzing the current landscape through the lenses of fundamentals, technical trends, and liquidity, a clearer picture emerges—one that suggests a cautiously optimistic approach to investing.

Market Fundamentals

The global backdrop remains complex, with the U.S. Federal Reserve maintaining a “hawkish pause” on interest rates. While potential rate cuts in 2025 could ease monetary conditions, a strong U.S. dollar continues to exert pressure on emerging market currencies, including the Indian rupee. However, India’s relative insulation from global tariffs provides a silver lining.

Domestically, India’s economic growth faced a temporary slowdown in early FY25, largely due to fiscal contraction and tight liquidity. However, with fiscal and monetary policies expected to ease, a recovery is on the horizon. GDP growth, printed at 5.4% in Q2 FY25, is projected to reverse to 6.5% by FY26. Moderate corporate earnings growth in FY25 is expected to normalize in FY26, aided by a stabilizing rupee.

Valuations present a mixed picture. While the Nifty’s forward P/E is close to its 10-year average, midcap and smallcap stocks still trade at a premium. A robust ROE of 15.8% for Nifty companies supports a mild valuation premium, reinforcing the case for selective deployment of capital.

Technical Trends

The market has undergone a significant correction, reversing the excesses seen in the post-election rally. The sharp decline in small- and mid-cap (SMID) stocks—where nearly half of NSE 500 stocks fell 30% or more from their peaks—signals a phase of rebalancing. Sentiment indicators, such as the percentage of stocks trading below their 200-day moving average, suggest that markets are approaching oversold levels, historically a signal for a potential rebound.

For the first time since mid-2022, proprietary sentiment indicators have entered the oversold zone, suggesting a buying opportunity for long-term investors. While volatility remains a concern, these indicators point to a near-term trading rally and an improving risk-reward scenario.

Liquidity Trends

FII outflows have been broad-based across emerging markets, not India-specific. With India’s FPI positioning at a decade-low, the likelihood of further outflows appears limited. A stabilizing U.S. dollar could pave the way for renewed inflows.

On the domestic front, SIP flows remain resilient, though lump-sum investors have turned cautious. There is an increasing preference for lower-volatility equity funds over high-risk investments. This suggests a market in transition, where selective and staggered investments could prove beneficial.

Key Market Events: Budget and RBI Policy Impact

The Union Budget 2025, while fiscally conservative, introduced significant consumption-boosting measures, particularly through Rs1 lakh crore in personal income tax benefits. This shift is expected to drive middle-class spending, benefiting sectors such as consumer staples and discretionary goods. Additionally, increased disposable income should support new lending and enhance deposit growth, favoring private banks and consumption-focused lenders.

Meanwhile, RBI’s recent 25-basis-point rate cut signals a shift toward growth support. With further rate cuts expected in 2025, liquidity conditions should improve, offering a supportive backdrop for equity markets.

Investment Outlook: A Time to Deploy with Caution

Despite ongoing volatility, India’s long-term fundamentals remain strong, and much of the market correction appears to be behind us. While near-term risks persist, the improving macroeconomic landscape and supportive policy measures create an opportunity for the gradual deployment of capital.

Long-term investors should consider allocating funds to large-cap and flexi-cap equity funds, given their relative valuation comfort. Sectoral preferences include banking, financial services, digital businesses, and consumer-driven industries. In fixed income, an 8-9% return expectation for 2025 makes it an attractive option for conservative investors. Additionally, gold and silver could deliver 8-12% returns, serving as a hedge against global uncertainty.

For investors looking to navigate the current market environment, a diversified approach is key. Combining core investments in large-cap equities with multi-asset and balanced advantage funds can help manage near-term volatility while positioning portfolios for long-term growth. Market corrections present an opportunity to accumulate assets at attractive valuations—making this a favorable time to deploy capital with a measured, strategic approach.

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MUMBAI: ICICI Prudential Life Insurance launched ICICI Pru Platinum, the Company’s first unit-linked product which aligns distributor payouts to their customers’ fund value – the distributor commissions are linked to their customers’ Assets under Management. This unique product incentivises distributors to encourage their customers to stay invested for the entire policy tenure. Notably, it offers customers a cost and tax-efficient route to build wealth over the long-term.

ICICI Pru Platinum provides unlimited free switches between asset classes, without any cost or tax implications. Customers can choose from an array of 21 funds under this product, comprising 13 equity and four each in the debt and balanced categories, besides offering an option of four portfolio strategies.

Announcing the launch, Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “ICICI Pru Platinum, our Company’s first unit-linked product designed to make distributor payouts aligned to their customers fund value, promoting the long-term interests of both.

We endeavour to continuously innovate and introduce products and processes which are simple. This is in line with our philosophy of ensuring right product to the right customer at the right price and through the right channel. We have introduced pioneering products on the annuity and pension savings platform. These include an annuity product which offers a 100% refund of all premiums paid from the date of purchase. We also offer a traditional product which allows customers to make partial withdrawals to meet liquidity requirements.

Notably, we are the only life insurer in the country to payout commissions to distributors on the same day. Besides, achieving the milestone of issuing ~45% of our savings policies on the same day in FY2024.”

He further added “Life insurance is all about claims and as a customer friendly brand we aim to settle all claims speedily. This is reflected in our industry leading claim settlement ratio of 99.2% for FY2024 with an average turnaround time of just 1.3 days.”

ICICI Pru Platinum provides a choice between two life cover variants. The Growth Plus variant entitles the nominee to receive either the sum assured or the fund value, whichever is higher. Whereas the Protect Plus variant offers the nominee both the sum assured and the fund value.

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NEW DELHI: ET Money, India’s leading investment platform, has become a top player in the country’s rapidly expanding online wealth management market by focusing on long-term wealth accumulation for affluent Indians.  This strategic choice has allowed them to avoid the allure of short-term stock trading. As of March 31, the platform helped its users manage INR 63,000 crore (approximately $8 billion) in investment assets and, on average, is adding INR 2,700 crore of new assets every month.

The company’s subscription-based advisory service, ET Money Genius, has also demonstrated significant growth, with its paid subscriber base expanding at a compound annual growth rate (CAGR) of 162% over the past two years. This growth has positioned ET Money as India’s largest Registered Investment Advisor (RIA) in terms of the number of paid customers. ET Money Genius is unlocking a new customer segment with annual income between INR 10 lakh to INR 1 Crore—a demographic previously unable to afford high-end wealth management services offered only to the ultra-rich Indians. By leveraging technology, ET Money Genius offers affordable access to sophisticated advice for just INR 249 per month, pioneering a subscription model in the wealth management sector that mirrors successful strategies in the OTT space in India.

“Our growth in assets and Genius indicates the rapidly compounding Trust of our users in ET Money”, states the CEO of ET Money, Mukesh Kalra. “By eliminating commission fees on mutual funds and introducing a transparent, flat-rate advisory fee with our Genius service, we continue to deeply align our business objectives with our customers’ financial success”

ET Money has been consistently gross-profitable each month for the last 11 months and has shown robust revenue growth at a CAGR of 90% over the last three years. Notably, about 70% of its revenue is recurring in nature. Additionally, nearly all its new investors in the past nine months discovered ET Money organically through word-of-mouth referrals, and the company boasts an annual user retention rate of over 90%. Another boost to ET Money’s financial profile would be the recently announced Execution Only Platform (EOP) license by SEBI, which would allow ET Money to monetize direct mutual funds and improve its gross margin to go beyond 80%. High user trust and retention combined with a recurring revenue business model and improving gross margins suggest ET Money is on a solid path to long-term profitability and growth.

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• NFO opens on 6th February 2024, and closes on 20th February 2024
• The Benchmark Index of the fund is Nifty Large Midcap 250 TRI

PUNE: Bajaj Finserv Asset Management has announced the launch of a new equity fund ‘Bajaj Finserv Large and Mid Cap Fund’, strategically designed to grow investors’ wealth through ‘Moat Investing’. The fund is an open-ended equity scheme that targets investment in both large-cap and mid-cap stocks, emphasizing the concept of economic moats to ensure long-term sustainability and profitability. The new fund offer will open for initial subscription on 6th February, and close on 20th February 2024.

The fund will be jointly managed by Mr. Nimesh Chandan and Mr. Sorbh Gupta on the Equity side and Siddharth Chaudhary on the Debt side.

Bajaj Finserv Large and Mid Cap Fund use a unique concept of ‘Economic Moat’ in deciding the asset allocation strategies. An economic moat in investing is like a shield that protects a company’s profits from various future challenges in the business world. This strategy identifies businesses with rapid growth potential, profit, and a sustained competitive edge.

In the current market scenario, both large-caps and a combination of large and mid-caps are trading below long-term averages, creating a favorable risk-reward scenario, especially when compared to the Nifty 500 Index. The strategic emphasis on economic moats in large and mid-cap stocks is derived from their stability amid market fluctuations and potential for long-term growth. This aligns with Bajaj Finserv AMC’s commitment to delivering lasting value to its investors. Following its investment philosophy, InQuBE, the investment process integrates quantitative attributes, such as Return on Incremental Capital (ROIC) and sustained margins, along with qualitative criteria like pricing power and management quality, ensuring superior information collection and prudent decision-making for market outperformance.

Speaking on the launch of the product, Ganesh Mohan, CEO, of Bajaj Finserv Asset Management, said “This new offering is a testament to our strategic vision and deep understanding of market dynamics. We are capitalizing on the growth potential inherent in both large-size companies and agile midcap enterprises. This approach allows investors to benefit from the relative stability of established giants and the agility of rising stars.

Our team of seasoned professionals has meticulously curated a portfolio designed to weather market fluctuations and seize growth opportunities built on the unique concept of Moat Investing. In this strategy, our team focuses not only on market leaders but those companies that can defend their leadership position.”

Nimesh Chandan, CIO, of Bajaj Finserv Asset Management, highlighted “Large and Mid cap is a category which has many companies with leadership in their businesses. The key characteristic of this fund is stock selection based on Moat’s Investing strategy. It is a strategy that identifies companies with a competitive advantage which helps them defend their leadership and strong business metrics, resulting in long-term value creation. We endeavor to identify robust businesses across sectors based on bottom analysis of companies and hence create a diversified portfolio for our investors. We believe that Moat Investing is a robust framework to identify strong business models that have the potential to create long-term wealth“.

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The expansion of HDFC Mutual Fund‘s branch network positions the company as one of the most accessible wealth creators in the country. The move underscores the company’s mission to be the wealth creator for every Indian and highlights its unwavering dedication to extending financial opportunities to investors across the length and breadth of the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

HDFC AMC’s initiative aims to ensure the participation of the masses in India’s growth story through mutual funds. Presently, HDFC AMC operates through an extensive network of over 200 branches. The strategic establishment of branches at new locations is aimed at making mutual funds more accessible across the length and breadth of the vast country.

Navneet Munot, MD & CEO, HDFC AMC Ltd., spoke on the occasion, “Our mission at HDFC Mutual Fund is to become the wealth creator for every Indian. This expansion of our branch network aims to make mutual funds more accessible across the length and breadth of our vast country. We want to enable the masses to participate in India’s growth story, and HDFC Mutual Fund, with a time-tested investment philosophy, a wide array of offerings across asset classes, and catering to diverse financial goals, aims to provide investors viable investment solutions.“

HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager for HDFC Mutual Fund, one of the largest mutual funds in the country. It manages a diversified asset class mix across Equity, Hybrid, and Fixed Income. It also has a countrywide network of 252 branches along with a diversified distribution network comprising Banks, Mutual Fund Distributors, and National Distributors.

HDFC Mutual Fund‘s expansion with 24 new branches across India is a strategic move aimed at increasing the penetration of mutual funds in India and reinforcing the company’s commitment to financial inclusivity. The move positions HDFC Mutual Fund as one of the most accessible wealth creators in the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

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Project Atlas is a far more ambitious move than BIS’s collaborative projects between a few central banks to see how technological prowess can enhance the payment systems’ potential. The platform combines on- and off-chain information, creating a layered approach to data vetting and tailored statistics for central banks. The first proof of concept of Atlas successfully showcases how to collect, clean, and analyze data relevant to central banks’ mandates. This also extends to any data discrepancy or misinformation.

Regulations and country-specific policies could become more nuanced based on real-time data from this platform. This will lead to better engagement between public and private stakeholders due to enhanced information sharing and a better understanding of any implications for the existing monetary system. Going by the information provided by the BIS, stakeholders can look forward to state-of-the-art on-chain and off-chain data that could improve the market integrity and accountability of all players. This, in turn, can greatly benefit central banks.

As central banks gain more insights into the trillion-dollar crypto asset markets, they will also be better prepared to respond to market volatility and potential disruptions, which could boost financial stability and investor sentiment. The creation of Project Atlas and its focus on crypto-asset markets and DeFi bolsters the growing recognition of the importance of blockchain-based digital assets in the broader financial landscape. The implications of this initiative are likely to extend to regulatory and policy responses, risk assessment, and international cooperation in the evolving world of crypto assets and DeFi, finally culminating into an effective instrument for global crypto adoption and facilitation.

Source: Rajagopal Menon, Vice President, WazirX

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On the Asset quality front, the GNPA ratio is down by 263 bps YoY, and the Net NPA ratio is down by 56 bps YoY. Provision Coverage Ratio (PCR) improved by 156 bps YoY.

Global Business crossed the 12 lakh crore mark, increasing by 8.61%. Global Deposits increased by 8.71% YoY. Gross Advances increased by 8.48% YoY.

Net Interest Income (NII) increased by 45% YoY to Rs.5,915 Cr for Q1FY24 against Rs.4,072 Cr in Q1FY23. Non-Interest Income increased by 27% YoY to Rs.1,462 Cr in Q1FY24 against Rs.1,152 Cr for Q1FY23.

Domestic Deposits increased by 7.98% YoY to Rs. 5,89,517 Cr in Jun’23. Domestic CASA went up by 7.56% YoY to Rs. 2,60,615 Cr in Jun’23 and the CASA ratio stood at 44.52%.

RAM advances increased by 11.75% YOY to Rs.2,39,954 Cr, constituting 55.39% of Advances in Jun’23.

As of 30.06.2023, Bank’s total Capital Adequacy Ratio (CRAR) was at 15.60% against 16.28% in Mar’23. CET-1 ratio stood at 13.02% as on Jun’23 against 13.60% in Mar’23.

The Bank has since created end-to-end Digital products, viz. SB accounts on the deposit side and Mudra/KCC/Personal loan/pensioner loan on the loan segment. Customers can open SB accounts and avail of loans without visiting the branch. There are more than 20 products that will be rolled out in Q2 & Q3 of this year. The bank is targeting at least Rs.10,000 Cr of business through Digital products by the end of this financial year. As of 30th June’23, the Bank has 5129 Domestic branches. Rural: 1852 (36%), Semi-Urban: 1456 (28%), Urban: 829 (16%), Metro: 992 (19%).

Results Summary for Q1 – FY2024

Key highlights:

• Net Profit increased by 176% YoY to Rs.1,551 Cr.
• Operating Profit increased by 72% YoY to Rs.3,752 Cr.
• Net Interest Income increased by 45% YoY to Rs.5,915 Cr.   
• NIM (Global) improved by 49 bps YoY.
• The yield on Advances (Dom.) improved by 157 bps YoY.   
• The gross NPA ratio is down by 263 bps YoY.
• The net NPA ratio is down by 56 bps YoY.
• Provision Coverage Ratio (PCR) improved by 156 bps YoY.   
• CRAR stood at 15.60%, with CET-1 ratio at 13.02%.
• Global Business crossed the 12 lakh crore mark, increasing by 8.61%.   
• Global Deposits increased by 8.71% YoY.
• Gross Advances increased by 8.48% YoY.
• RAM Advances grew by 11.75% YoY and it constitutes 55.39% of Advances.   
• Retail Credit grew by 15.05% YoY.
• Agriculture Credit grew by 10.10% YoY.    MSME Credit grew by 9.19% YoY.
• CASA deposits increased by 7.56% YoY and CASA ratio at 44.52%.

Profitability Q1FY24:

• Net Profit increased by 176% YoY to Rs.1,551 Cr in Q1FY24 against Rs.561 Cr in Q1FY23.
• Operating Profit increased by 72% YoY to Rs.3,752 Cr for Q1FY24 against Rs.2,183 Cr for Q1FY23.
• Net Interest Income (NII) increased by 45% YoY to Rs.5,915 Cr for Q1FY24 against Rs.4,072 Cr in Q1FY23.
• Non-Interest Income increased by 27% YoY to Rs.1,462 Cr in Q1FY24 against Rs.1,152 Cr for Q1FY23.

Ratios:

• NIM (Global) improved by 49 bps to 3.03% in Q1FY24 against  2.54%  in Q1FY23. NIM (Domestic) improved by 51 bps to 3.37% in Q1FY24  against 2.87% in Q1FY23.
•  Return on  Assets  (RoA)  improved by  42  bps to  0.71%  in  Q1FY24  against 0.29% in Q1FY23.
• Return on Equity (RoE) improved by 806 bps to 14.90% in Q1FY24 against 6.84% in Q1FY’23.
• The cost to Income ratio (Global) improved by 908 bps to 49.14% in Q1FY24 against 58.22% in Q1FY23.
• The slippage ratio improved to 0.53% in Q1FY24 against 0.69% in Q1FY23.
• Credit Cost stood improved to 0.64% in Q1FY24 against 1.21% in Q1FY23.
• The yield on Advances (Global) improved by 157 bps to 8.10% in Q1FY24 against 6.53% in Q1FY23.
• Cost of Deposits (Global) stood at 4.22% in Q1FY24 against 3.49% in Q1FY23.

Productivity Ratios:

• Business per employee improved to Rs.23.21 Cr in Jun’23 from Rs.21.26 Cr in Jun’22.
• Business per branch improved to Rs.237.04 Cr in Jun’23 from Rs.218.24 Cr in Jun’22
• Net Profit per employee improved to Rs.11.85 lakh in Jun’23 from Rs.4.27 lakh in Jun’22.
• Net Profit per branch improved to Rs.121.06 lakh in Jun’23 from Rs.43.82 lakh in Jun’22.

Global and Domestic Business Growth:

• Global Business crossed 12 lakh crore and reached Rs.12,14,808 Cr with a growth of 8.61% YoY in Jun’23.
• Global Advances grew by 8.48% YoY and reached Rs. 5,18,264 Cr in Jun’23.
• Global Deposits increased by 8.71% YoY to Rs. 6,96,544 Cr in Jun’23.
• Domestic Deposits increased by 7.98% YoY to Rs. 5,89,517 Cr in Jun’23.
• Domestic CASA went up by 7.56% YoY to Rs. 2,60,615 Cr in Jun’23 and the CASA ratio stood at 44.52%.
• Savings deposits increased by 6.21% YoY to Rs.2,25,020 Cr in Jun’23.
• Current deposits increased by 16.94% YoY to Rs.35,596 Cr in Jun’23.
• Domestic Advances increased by 7.98% YOY to Rs. 4,33,246 Cr in Jun’23.
• RAM advances increased by 11.75% YOY to Rs.2,39,954 Cr, constituting 55.39% of Advances in Jun’23.
• Retail Credit grew by 15.05% YOY to Rs.95,963 Cr in Jun’23.
• Agriculture Credit grew by 10.10% YOY to Rs.72,801 Cr in Jun’23.
• MSME Credit grew by 9.19% YOY to Rs.71,190 Cr in Jun’23.
• Overseas Deposits increased by 12.91% YOY to Rs. 1,07,027 Cr and Overseas Advances increased by 11.08% YOY to Rs. 85,018 Cr in Jun’23.

Capital Adequacy:

• As of 30.06.2023, Bank’s total Capital Adequacy Ratio (CRAR) was at 15.60% against 16.28% in Mar’23.
• CET-1 ratio stood at 13.02% as on Jun’23 against 13.60% in Mar’23.

Priority Sector, Financial Inclusion & Digital Banking:

• Priority Sector Advances increased by 8.89% YOY and achieved 43.14% of ANBC as on Jun’23. Agricultural advances achieved 18.98% of ANBC.
• Advances to Small & Marginal Farmers achieved 12.09% of ANBC in Jun’23 against the regulatory norm of 9%.
• Advances to Weaker Sections achieved 15.05% of ANBC in Jun’23 against the regulatory norm of 11%

PMJDY accounts increased to 285 lakhs as on Jun’23 from 271 lakhs in Jun’22. (No. in Lacs)

• Internet Banking users: Increased to 8.55 million in Jun’23 from 8.08 million in Jun’22.
• Mobile Banking users: Increased to 8.46 million in Jun’23 from 6.11 million in Jun’22.
• The number of UPI transactions increased by 1.45 times to 8,625 lakh in Q1 FY24 from 5,911 lakh in Q1 FY23.

Digital Products:

• Bank has since created end-to-end Digital products, viz. SB accounts on the deposit side and Mudra/KCC/Personal loan/pensioner loan on the loan segment.
• Customers can open SB accounts and avail of loans without visiting the branch.
• There are more than 20 products that will be rolled out in Q2 & Q3 of this year.
• We are targeting at least Rs.10,000 Cr of business through Digital products by the end of this financial year.

Branch Network:

• As of 30th June’23, the Bank has 5129 Domestic branches.
• Rural: 1852 (36%), Semi-Urban: 1456 (28%), Urban: 829 (16%), Metro: 992 (19%).

Awards & Accolades:

• PT Bank of India Indonesia, the Subsidiary of our Bank has been ranked as the no. 1 bank in Indonesia in the category of “Best Conventional Bank under KBMI I Category’ as declared by CNBC Indonesia.
• Our Bank was awarded “उत्कृ ष्ट पुरस्कार” of Digidhan Awards 2021-22 by the Union Ministry of Electronics and Information Technology for achieving top position in overall performance in Digital Payments
• Bank has received Infosys “Finacle Innovation Awards 2023” (Gold Winner) under the Category of Product Innovation for Product: HMCQR Menu.
• Bank has won for “NUMERO UNO” Award in the “APY National Championship Cup” campaign from PFRDA for good performance in APY Campaign (01.10.2022 to 14.11.2022).
• Bank has won for “Exemplary Award of Par Excellence” Award in the “Circle of Excellence” campaign from PFRDA for good performance in the APY Campaign (01.10.2022 to 14.11.2022).
• Bank has been nominated for the “Annual APY Exemplary Award of Excellence” for achieving 162% of the Annual APY target (FY 2022-23) from PFRDA.
• Bank has won the “NUMERO UNO” Award in the ‘Old Age  Financial  Freedom” Campaign for the best performer Bank in PSB (FY 2022-23).

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THE HAGUE: On Thursday 30 March 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment in the case concerning Certain Iranian Assets (the Islamic Republic of Iran v. United States of America).

A public sitting will take place at 3 p.m. at the Peace Palace in The Hague, during which Judge Kirill Gevorgian, Vice-President of the Court and acting President in this case, will read out the Court’s decision.

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