Banking And Financial Services

Chennai's office space absorption during the third quarter of the year stood at 1.7 mn sq ft with BFSI accounting 28 per cent technology corporates at 23 per cent, respectively, the study 'CBRE India Office Figures Q3 2022' revealed.

It's time for Indian banks to adopt cryptos and reap the benefits, with proper monitoring: Wazir X CEO

Nischal Shetty, CEO of Wazir X, talks about how crypto can have an influence on Indian banking system, provided RBI has proper guidelines for crypto too, like other banking activities

Banking tech startups find new business opportunities as banks digitise systems rapidly

Technology companies are reaping benefits as banks look for quick deployment of technology solutions to take their physical processes digital, accelerated by social distancing mandated by COVID-19.

Will TCS’ acquisition of its clients’ tech units boost its BFS business?

Not one to take the inorganic path frequently, TCS announced last week that it would acquire Deutsche Bank’s IT business and select assets of Pramerica Systems in Ireland. These moves will strengthen India’s largest IT services company’s banking and financial services portfolio. But will they be enough?

Banking, financial-service firms raise tech investments, but IT firms are not gaining a lot

Banking and financial services account for over 30 percent revenue for IT firms. But with banks developing in-house teams, IT firms are losing the commanding role. Analysts say banks may ultimately take the outsourcing route, if they can deliver on the products and platforms front.

Kellton Tech acquires US-based Lenmar Group

Lenmar Consulting, the flagship company, provides a broad range of IT offerings, including cloud services and cutting-edge custom development, and has carved a niche for itself in the BFSI market, a Kellton Tech statement said.

Polaris Q2 net profit dips by 28% at Rs 41.14 cr, CEO quits

Total income of the company decreased by 7 percent to Rs 506.72 crore during the reported quarter from Rs 542.49 crore in the same period a year ago, the company said in a filing to BSE.

Tips to invest in office property

The residential market continues to witness a slowdown but commercial real estate has turned around, thanks to the improvement in business sentiment since last year. Traditional sectors like IT-ITeS, banking and financial services, continue &#82

WNS Ranked a `Leader` in NelsonHall`s 2016 NEAT Report for Life, Annuities & Pensions (LA&P) BPS

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced that it has been named a ...

Hexaware Q2 net up 1.1% to Rs 100 crore

Its revenues increased 12.6 percent to Rs 869.7 crore in the reported quarter from Rs 772.2 crore in the corresponding quarter last fiscal.

WNS Wins the Prestigious Golden Peacock HR Excellence Award 2015

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process ...

Long IndusInd Bank, Yes Bank: Edelweiss

Edelweiss has come out with its report on Banking and Financial Services (BFSI). The research firm has advised to long IndusInd Bank, Yes Bank and to short Mahindra & Mahindra Financial Services (MMFS), Kotak Mahindra Bank in its research report dated October 07, 2015.

WNS to Release Fiscal 2016 Second Quarter Financial and Operating Results on October 15, 2015

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its ...

Tata MF plans scheme on Make in India, Digital India drive

Tata MF plans scheme on Make in India, Digital India drive

Syntel Q1 net declines 31%; cuts FY15 revenue outlook

Software company Syntel reported a 31 percent decline in its net profit at USD 40 million for the first quarter ended March 31, 2015 on account of sluggish business activity and spending cuts by clients.

Expect FY14 to witness better Y-o-Y revenue growth: NIIT

Vijay Thadani, CEO, NIIT says they are downsizing the government part of their school business but private school business is growing. The non-government business is now 59 percent versus 51 percent earlier.

FMCG, pharma stocks hog limelight as defensive bets

With uncertainty and volatility ruling the markets for most of this year, defensive bets such as FMCG, pharma and banking and financial services (BFSI), particularly private banks, witnessed an upswing in investors attention in 2012.

Consumer spending: Leading indicator for stock markets?

We all know that consumer spending is directly related to the economy. When a country's economy is doing well, consumers have more disposable income to make purchases. Similarly, when there is an economic slowdown, consumers are likely to defer or cancel their major purchases.

Avoid real estate space: Amit Dalal

Avoid real estate space, says Amit Dalal, Executive Director, Tata Investment Corporation.

HP unveils new series of workstations

Hewlett Packard (HP), on Friday unveiled a range of workstations targeted at sectors like medical imaging, animation, banking and financial services as well as manufacturing.