Indian banks are in good shape. We’ve heard that often enough from the Reserve Bank of India (RBI) and the government. (more…)

The world’s population of high net worth individuals (HNWIs) grew 17.1% to 10.0 million in 2009, returning to levels last seen in 2007 despite the contraction in world gross domestic product (GDP). (more…)

Not since the proposed changes to the taxation of UK resident non-domiciled individuals has such controversy been stoked as is the case with the proposals to change the rate of capital gains tax, says Christopher Shaw, group head of wealth planning at Societe Generale Private Banking Hambros. (more…)

Forbes India recently unveiled its India Rich List in Bangalore with a panel discussion on the topic ‘Purpose of Wealth’. The panel comprised an interesting mix with spiritual guru Sri Sri Ravi Shankar and GV Krishna Reddy, Chairman of GVK Industries, sharing the dais and Subroto Bagchi, Co-founder of Mindtree Consulting as the moderator. (more…)

An upsurge in the stock market in the past year has seen an ascent in the economy growing at 6% boosting the net worth of India’s rich lot. Mukesh Ambani tops this year’s list at a whopping $32 billion. The combined net worth of India’s richest people is US$276 billion, almost a quarter of the country’s GDP. (more…)

India is all set to see an increase of three times in the number of its high net worth individuals over the next decade. (more…)

Asia Pacific’s population of high net worth individuals (HNWIs)(1) fell 14.2% to 2.4 million in 2008 amid a global
economic downturn and market volatility, according to the Asia-Pacific Wealth Report released today by Merrill Lynch Global Wealth Management and Capgemini. (more…)

The ranks of millionaires in the Asia-Pacific region thinned by 14 percent last year as a stock market rout eroded wealth, according to a report by Capgemini SA and Merrill Lynch Wealth Management. (more…)