Page 10 - Bfsi

BFSI on hiring sprint, IT sector stumbles in headcount marathon in FY24

In comparison, BFSI firms hired 172,000 people on a net basis in 2022-23 (FY23), while IT services companies had a net recruitment of 131,000 employees

BFSI news wrap: Your weekly wrap-up of the BFSI sector

Created by the Reserve Bank Innovation Hub, Unified Lending Interface is a new platform aimed at providing quick and easy loans to rural and small borrowers. ULI is expected to revolutionise lending,

Your weekly wrap-up of the BFSI sector

Public sector banks have requested the Finance Ministry to hold government cash balances with them instead of the RBI, to help increase the declining low-cost CASA deposits.

Banks' certificates of deposit fund-mop up more than triples in country

Strategy makes up for imbalance in banks' deposit and credit growth

India Inc gives weakest performance on profit front in seven quarters

Sales growth, too, remains modest amid demand challenges

Indian GCCs employed more than 16 lakh people in FY23: Economic Survey

The software, internet, and banking, financial services, and insurance (BFSI) sectors collectively accounted for about 58 per cent of India's IT GCC talent, according to the document

Q1 results review: Early-bird net profit growth slowest in 7 quarters

The combined net profit of the 210 companies that have declared their Q1FY25 results so far is down 4.2 per cent from the year-ago period - their worst showing in seven quarters

Insurance industry reports premium growth in Q1 FY25 ahead of Budget

State-owned LIC reports robust rise in life insurance business

Group representing NBFCs seeks revisit of membership norm for SRO

Finance Industry Development Council has sought a meeting with the central bank

Fundamentals strong for global fintech

Funding for the sector hit a three-year low last year but revenues improved

CII, Nasscom to provide digital skilling to 100,000 non-IT youth in 2 years

CII said that seven target sectors have been identified to begin with

Securitisation volumes back to historic high after HDFC twins' merger

Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion

Why the salary packs of top NBFC executives are on RBI's radar

Adherence to variable and deferred remuneration norms is under scrutiny

Taking pole position: Auto, BFSI dominated Q4 corporate earnings circuit

Operating margins put the pedal to the metal on corporate earnings, fuelled by sector-wide Ebitda margin gains, driving net profits to victory in five straight quarters

E-commerce, BFSI, hospitality sectors driving job market in 2024: Report

E-commerce, BFSI (banking, financial services, and insurance), and hospitality sectors witnessed an increased demands for talents in the first four months of 2024, indicating a recovery in overall job market, a report said on Thursday. Driven by economic recovery, the demand for workforce in BFSI increased the maximum by 21 per cent during the first four months of this calender year. The e-commerce sector saw an increase of 17 per cent, services and hospitality industries reported a growth of 13 per cent, according to a report by professional networking platform Apna. The report is based on the data on Apna platform during 2023 and 2024. It also found that the job market in the southern part of India saw a growth of 23 per cent compared to 18 per cent last year, with cities like Hyderabad, Bengaluru and Chennai leading in terms of total number of job postings. The adoption of digitalisation is becoming increasingly evident in tier II and III cities like Lucknow, Coimbatore, and ...

Randstad Digital eyes GCCs in India to drive growth in its IT business

Randstad Digital's focus verticals include banking, financial services and insurance (BFSI), automotive and aerospace, and high tech verticals

India Inc revenue rose in Q4, but profit grew at slowest pace in 6 quarters

BFSI, auto firms key drivers of net sales, profit in Q4

CAMS Q4 results: PAT rises 38.5% to Rs 103 cr, revenue up 24% to Rs 310 cr

Registrar and transfer agent for mutual funds CAMS on Thursday reported a 38.5 per cent surge in profit after tax to Rs 103 crore for three months ended March this year, driven by robust performance across the business streams. In comparison, the company had posted a profit after tax (PAT) of Rs 74.36 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Its revenue grew 24.6 per cent to Rs 310.46 crore in January-March of the financial year 2023-24 (FY24) from Rs 249.24 crore a year ago. "We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6 per cent and 38.7 per cent YoY (year-on-year). "All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of deep business and operational focus of our teams," Anuj Kumar, Managing Director of CAMS, said. The company said that revenues from the mutual fund business rose

Early bird top line growth fastest in four quarters; BFSI leads the charge

IT, manufacturing laggards in Q4 so far

Tier 2, 3 cities see 30% rise in demand for jobs in BFSI sector, shows data

The heightened demand is particularly noticeable in areas such as insurance, housing, NBFCs, and retail banking," according to TeamLease Services