Skip to content
Search

Latest Stories

City of London Freedom honours for leading Indian bankers

City of London Freedom honours for leading Indian bankers

THE City of London Corporation has honoured eight senior figures from Indian banks based in the Square Mile to mark 75 years of India’s independence.

The award recognises the trade relationship between the UK and India’s financial services sectors.

The leaders who received the Freedom of the City honours on December 13 were: Madhur Kumar (Bank of Baroda), Manish Gupta, (Bank of India), Ashok Kumar Vartia (Export-Import Bank of India), Sharukh T Wadia (IndusInd Bank), Rakesh Kumar (India Infrastructure Finance Company), Loknath Mishra (ICICI Bank), Sudhir Kumar Sharma (State Bank of India) and Arbind Kumar Choudhary (Union Bank of India).

Lord Mayor of the City of London, Michael Mainelli, said: "British and Indian investments support over a million jobs in both India and the UK. The City of London is grateful for the invaluable contribution of Indian bankers to the Square Mile."

Chair of the Freedom Applications Policy & Resources Sub-Committee, Rehana Ameer, said the occasion signalled “a shared commitment to unlocking new opportunities, fostering innovation and deepening ties between the City and India to embark on a journey of mutual prosperity and strengthened financial cooperation.”

More For You

UK house prices

A 4 per cent rise next year would take the average to £283,918

iStock

UK house prices expected to rise up to 4 per cent in 2026

Highlights

  • Average UK house price of £272,998 could reach £283,918 by end of 2026 with predicted 2-4 per cent increase.
  • Bank of England expected to cut interest rates to 3.75 per cent this Thursday, supporting property market growth.
  • FCA announces consultation on mortgage rule changes to make home ownership more accessible for diverse income groups.

UK house prices could rise by as much as 4 per cent in 2026, making getting on the property ladder slightly easier as affordability improves, according to forecasts from lender Nationwide.

Robert Gardner, chief economist at the building society, said prices were likely to increase by 2-4 per cent.

Keep ReadingShow less