# Finance: banking, insurance, markets: Sources

Banks, insurers, markets and payment rails that lend, insure and invest money

Source page: https://www.materialinsights.org/industries/finance/sources/

#### Sources

1. [Global Banking Annual Review 2026: Precision with speed](https://www.mckinsey.com/~/media/mckinsey/industries/financial%20services/our%20insights/global%20banking%20annual%20review/global-banking-annual-review-2026-precision-with-speed_final.pdf) McKinsey & Company, 2026
2. [Global insurance market 2024 turnover (reporting Swiss Re sigma 2/2025)](https://atlas-mag.net/en/articles/global-insurance-market-2024-turnover-0) Atlas Magazine, 2025
3. [India's insurance penetration needle remains flat at 3.7% in 2024-25 (reporting IRDAI Annual Report 2024-25)](https://www.business-standard.com/amp/finance/insurance/india-s-insurance-penetration-needle-remains-flat-at-3-7-in-2024-25-126010900679_1.html) Business Standard, 2026
4. [Government says nearly 55.49 crore users onboarded on UPI as of June (Lok Sabha reply, Ministry of Finance)](https://newsonair.gov.in/government-says-nearly-55-49-crore-users-onboarded-on-upi-as-of-june/) News On AIR (Prasar Bharati), 2026
5. [PhonePe, Google Pay combined UPI market share drops below 80% for first time](https://www.outlookbusiness.com/economy-and-policy/phonepe-google-pay-combined-upi-market-share-drops-below-80-for-first-time) Outlook Business (NPCI data), 2026
6. [Annual Report on Nationally Recognized Statistical Rating Organizations](https://www.sec.gov/files/2019-annual-report-nrsros.pdf) US Securities and Exchange Commission, 2019

## Other sections

- [Overview](https://www.materialinsights.org/industries/finance/index.md)
- [Where ₹100 goes](https://www.materialinsights.org/industries/finance/cost-mix/index.md)
- [Price links with suppliers](https://www.materialinsights.org/industries/finance/price-links/index.md)
- [Example story](https://www.materialinsights.org/industries/finance/story/index.md)
- [Linked industries](https://www.materialinsights.org/industries/finance/linked-industries/index.md)
- [Value chain](https://www.materialinsights.org/industries/finance/value-chain/index.md)
- [Materials drawn on](https://www.materialinsights.org/industries/finance/materials/index.md)
- [Chokepoints and risks](https://www.materialinsights.org/industries/finance/risks/index.md)