Financial Sector

Within non banks, the fastest growth was in trust companies, hedge funds, money market funds and other investment funds, which all posted double digit rates of growth

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

Recent uncertainties created by global tariffs have not impacted the Indian economy severely, she said

DFS Secretary M Nagaraju says India's financial sector is at its strongest ever, with PSBs recording record profits and NPAs at historic lows, but urges focus on MSME lending and cybersecurity

At the Business Standard BFSI Insight Summit 2025, Secretary, Dept of Financial Services, M Nagaraju said that India's financial sector is at the pinkest possible period of time in history

Operating on a small-ticket, high-volume model, fintech-driven NBFCs saw active loans grow by 25.6 per cent on an annual basis, outperforming the overall NBFC industry's 15.1 per cent growth

In May, Japan's Sumitomo Mitsui Banking Corporation (SMBC) agreed to acquire a 20 per cent stake in Yes Bank for $1.6 billion

FIU-IND has flagged 25 offshore crypto platforms for operating in India without PMLA registration and ordered takedown of their apps and URLs under IT Act directions

Amazon has completed its $200 million acquisition of Axio, formerly Capital Float, after receiving approval from the Reserve Bank of India, deepening its push into digital lending services in India

Advisory Board for Banking and Financial Frauds, a panel to examine role of top bank officials or financial institutions in fraud cases, has been reconstituted for two years, with ex-CVC Suresh N Patel designated as its chairman. ABBFF, which functions as a 'Safety Valve' for bankers, has been reconstituted for two years with effect from August 21, 2025. The members of the board are Ravikant, a former secretary of the Department of Ex-Servicemen Welfare; Rajni Kant Mishra, a former director general of the Border Security Force; Alok Kumar Choudhary ex-MD of State Bank of India and Sarada Kumar Hota, former MD of National Housing Bank, a notification said. As per the terms of appointment, the chairman and members of ABBFF are eligible for re-appointment, subject to the condition that the total period of appointment as chairman and/or member should not exceed 4 years or 70 years of age, whichever is earlier, said the notification dated August 19. The board has been mandated to examin

With the financial sector maturing, the door to regulatory agencies needs to be opened to a more diverse talent pool

Seven sutras outlined for fair, transparent, and safe AI adoption

The larger question is whether India's F&O market serves any real purpose

Excluding one-time items, AmEx earned $4.08 per share for the three months ended June 30, compared with the $3.89 per share analysts were expecting, according to estimates compiled by LSEG

As a strategy, they have moved utilities sector to equal weight. Financials, Telecom, small discretionary, remain their overweight sectors.

Amreesh Kher's exit adds to CEO vacuum at Tata Digital amid employee concerns

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report

Some of her main research contributions were on household consumption behaviour, analysis of business cycles, the inflation targeting framework and regulation of the financial sector

HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs

The Reserve Bank will prepare a framework for responsible and ethical adoption of artificial intelligence (AI) in the financial sector during the current financial year, the central bank's annual report said. Driven by rapid advances in computing power and the vast availability of digital data, AI and machine learning (ML) technologies have seen growing interest and significant progress in recent years, with financial institutions globally and domestically increasingly adopting these technologies. The Reserve Bank will prepare a framework for responsible and ethical adoption of AI in the financial sector, as per the agenda for 2025-26 spelt in the RBI's annual report for 2024-25. "The Reserve Bank is exploring and implementing AI/ML-driven solutions in its own functions," it said. It has constituted an external committee in December 2024, comprising experts with a mandate to recommend a Framework for Responsible and Ethical Enablement of AI in the financial sector. The Reserve Ban