Financial Services

Two mid-sized SME lenders have supposedly called off their IPO plans. An NBFC focused on education loans has yet to refile for an IPO. One of the most anticipated listings of this year, HDB Financial Services, received only a lukewarm response from investors. Does this signal a tapering of investor interest in financial services?

InCred Money acquires Delhi-based Stocko, enters retail broking space

Once the deal is approve, the platform will be rebranded as InCred Stocko and integrated into the InCred Money digital investment suite, the company has said, without sharing the financial details of the agreement

Moneycontrol Exclusive: SBI Chairman CS Setty On YONO 2.0, Customer Service And Much More

SBI Chairman CS Setty spoke exclusively to Moneycontrol on SBI's market share, customer service, roll out of YONO 2.0, loans and much more.

Economic Survey 2025: Indian banks bet big on AI, but “Black-Box” risks loom

The inability to interpret AI-driven decisions can erode trust and complicate regulatory oversight. Additionally, the risks of synthetic identity fraud, rogue trading, and over-reliance on AI threaten financial stability, the survey notes.

Is the tide turning for financial services?

A confluence of factors that had clouded the BFSI sector’s growth prospects and dimmed investor interest is giving way to a sunnier outlook

Inside ONDC’s financial services game plan over next 18 months

The network is set to roll out full-suite of B2B and B2C financial services including insurance, mutual funds and credit cards; and some unique ones like crop yield financing and cow financing.

ONDC enters financial services market with working capital loans

ONDC also plans to introduce GST invoice financing loans by the end of September. A lineup of other products is also in development, including purchase financing for individuals and sole proprietors, as well as working capital lines for partnerships and private limited companies.

Tiger Global-backed Groww moves domicile from US to India

Groww, which is among the leading full-stack financial services firm in India, surpassed its rival Zerodha last year in terms of number of active investors

Efficiency engineering, cost reduction driving BFSI deals: HCLTech’s Srinivasan Seshadri

HCLTech posted 13% YoY growth in constant currency terms for financial services in Q3, while peers TCS and Infosys reported a YoY decline.

Govt notifies accounting, tax, financial crime compliance services as 'financial services' under IFSCA Act

As per the government notification, financial crime compliance services include services related to complying with Anti-Money Laundering norms, Countering the Financing of Terrorism measures, and Financial Action Task Force recommendations, among others.

'Shut laptops after shift,' Motilal Oswal tells employees | NRN's '70-Hours of Work' Debate in Focus

Amidst the raging debate over 70 hour work week, one of India’s largest brokerage and financial services firm Motilal Oswal decided to break the chain and introduced the policy called ‘switch-off’ from work ensuring employees switch off their emails post working hours. The move aims to keep a healthy work-life balance prioritizing staffers' well-being. Moneycontrol's Stacy Pereira caught up with Niren Srivastava, Group CHRO at MOFSL, to understand the logic behind such a policy and whether other organisations could follow suit. Watch here!

Spotting the next Bajaj Fin and Chola in NBFC space, according to Green Edge’s Haria

Haria says having identified a company that was looking to grow into a multiproduct NBFC, investors should closely track the strategy for the new products as well as the progress in them.

Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm

An overseas entity owned by Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent, whereas Antfin’s shareholding will reduce to 13.5 percent

BFSI Attrition: Blame it on the faulty recruitment process

To succeed in a highly competitive and dynamic economic landscape, banks must prioritise hiring and nurturing top-notch talent, focusing on retaining the best human resources

The crisscrossing paths of Flipkart and PhonePe

Flipkart and PhonePe relationship is today looking like a Venn diagram where the investors and consumers meet, but the organisations are charting a distinct path for themselves as independent companies. This has probably made them compete with each other in financial services such as lending and insurance. And that is not incidental.

NCLT approves demerger of financial services unit of Reliance

Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).

Financial services platform airpay joins ONDC

This will enable airpay's vyaapaaris to have access to an array of local businesses offering multiple products and services on ONDC to consumers, it said in a release.

RIL shareholders, creditors approve demerger of financial services arm

The financial services arm will be renamed Jio Financial Services Limited and will be listed on BSE as well as NSE.

Only four IPOs in March quarter but India leads in share sale by large corporates: EY

In contrast, the SME market witnessed higher activity, having raised $82 million via 38 IPOs

Google will block loan apps from accessing user data and contacts on Android

The search and technology giant has updated its policies regarding financial services on their support page.

India has 45,000 open jobs in Artificial Intelligence: TeamLease

The company said while the expected salaries for freshers in data engineering roles in India is up to Rs 14 lakh per annum, ML engineers at the same level earn up to Rs 10 lakh.

Bajaj Finserv gains nearly 3% on financial ecosystem expansion plans, improving operating metrics

Few days ago, the financial-services company got the market regulator’s nod to start a mutual-fund business

On Anuj’s radar | Bank Nifty now a ‘sell on rally’, leadership with IT and metals

The Indian market is showing signs of weakness in the bank and financial sectors, while the IT and metals sectors are performing relatively better

Shriram Finance Q3 Net Profit seen up 58.9% YoY to Rs. 1,081.5 cr: Prabhudas Lilladher

Net Interest Income (NII) is expected to increase by 13.6 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 2,571.5 crore, according to Prabhudas Lilladher.

SBI Cards Q3 Net Profit seen up 43.5% YoY to Rs. 553.7 cr: Prabhudas Lilladher

Net Interest Income (NII) is expected to increase by 23.3 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 1,228.2 crore, according to Prabhudas Lilladher.