BFSI

More than 1 in every 10 job applications in the BFSI sector had misrepresented details such as salary, tenure, and reason for leaving previous company, business intelligence firm AuthBridge said in a report. Education check discrepancies stood at 2.93 per cent, with fake certificates and degrees, along with institutions blacklisted by the UGC, most common, said the report titled 'Workforce Fraud Files H1 FY26'. AuthBridge said the analysis is based on background verification data from April-September 2025. The firm said it reviews lakhs of candidate cases across two employee types -- white-collar and gig workers, using in-house verification platform. "Strengthening digital and structured address verification processes must remain a strategic priority for BFSI institutions," said Ajay Trehan, Founder and CEO of AuthBridge. As digital banking scales and fintech partnerships multiply, BFSI institutions are hiring faster and across more channels than ever before, he said. However,

Employers are using credit history to assess candidates for roles involving clients' money, credit decisions, and sensitive financial data

AI adoption is widespread in BFSI firms to improve efficiency, but most companies lack mechanisms to track its revenue impact, limiting its role in driving measurable business outcomes

Experian report shows strong rebound in secured lending, while unsecured loans recover from last year's decline; average ticket sizes rise across segments

Move follows NFIS 2025-30 observations and RBI survey findings flagging inadequate and delayed remuneration as key reasons for inactivity among Business Correspondents

ServiceNow, which provides AI solutions to several top Indian companies, is looking to expand further in the country as it sees more sectors and centres joining the AI bandwagon. The US-based firm has partnered with top IT sector companies, such as TCS, Cognizant, LTIMindtree and Tech Mahindra, among others, and will look to have more such collaborations in the near future, according to a top company official. Speaking with PTI on the sidelines of the AI Impact Summit in the national capital, ServiceNow President, Chief Product Officer, and Chief Operating Officer Amit Zavery said, "If you look at BFSI (banking, financial, services and insurance), that's been a big growth area for AI now. Similarly, things around retail are big as well... And our public sector is starting to become another area where people are likely to use AI to improve how they operate their citizen services, and their organisations as well." The company also sees players in the manufacturing space picking up AI

Aggregated portfolio outstanding stood at Rs 320.9 trillion in December 2025, down 7.2% Q-o-Q and 18% Y-o-Y, while 180-plus DPD stress rose sharply year-on-year

Retail bankers say AI can reshape banking, but trust, governance, explainable models, and high-quality data are essential for safe and sustainable adoption

GIFT City is scaling fast across 35+ segments, topping $100 bn in banking assets and attracting global listings, ratings, fintechs, and funds beyond tax incentives

Any future public-sector bank consolidation must carefully weigh the pros and cons, including whether it will deliver meaningful synergies, says Nagaraju

Investors may soon get a single monthly snapshot of savings and investments across asset classes as Sebi works with other regulators to expand the CAS framework

BFSI stocks offer strong fundamentals and attractive valuations, says WhiteOak's Ramesh Mantri, as growth improves and equities look set for a 2025 comeback

A surge in bank and NBFC transactions lifted BFSI deal activity three times in 2025, reflecting growing investor appetite for financial services assets

The year saw Mint Road push banks towards capital markets, revisit deposit insurance and revive UCB licensing, signalling reform that expands opportunity without diluting caution

The Yogi Adityanath government is pitching UP as a major GCC hub, with Lucknow, Noida, Kanpur and Agra at the core of its pitch

Trai said the direction has been issued "to enhance consumer trust, curbing spam, and preventing fraudulent activities perpetrated through voice calls"

Other key sectors such as IT Services, FMCG, Banking and Power however continue to struggle with low single digit growth in revenues and earnings

The business correspondent banking channel is facing attrition as agents are leaving over declining commissions, despite bringing in more new deposits than branches

The Irdai chairman has noted that the industry requires significantly more capital and that foreign investment alone cannot meet these needs

UPI hits record high in Oct; PSBs eye global scale, tech upgrades