Page 12 - Bfsi

Bond with Bharat: What activation of J P Morgan Index means for India Inc

While inflows into G-Secs is a given, the secondary effects of these in the corporate bond market are to be watched for

CAMS Q3 results: Net profit rises 21% to Rs 89 cr, revenue up 19%

Computer Age Management Services Ltd (CAMS), registrar and transfer agent of mutual funds, on Tuesday reported 21 per cent growth in net profit at Rs 89.29 crore for three months ended December 2023. The company had logged a net profit of Rs 73.72 crore in the same quarter of preceding financial year (FY23), CAMS said in a statement. Revenue in the quarter under review rose 19 per cent to Rs 289.68 crore, as against Rs 243.57 crore in the year-ago period. "Revenue growth at 19 per cent and PAT (profit after tax) growth at 21 per cent year-on-year is the culmination of robust performance across our revenue streams. Mutual funds asset growth trajectory took the overall asset base we service to historic high of Rs 34 lakh crore," company's managing director Anuj Kumar said. CAMS is a financial infrastructure and service partner to the asset management industry and offers platform-based services to the Banking, Financial Services and Insurance (BFSI) segment. With a market share of ov

Fusion CX opens BPO facility; firm's India workforce to hit 10,000

Business process management (BPM) company Fusion CX on Friday announced the opening of a 500-seat facility in Navi Mumbai. The company, which employs 9,500 of its global workforce of over 14,000 in India, aims to add another 500 employees to take its overall base in the country to over 10,000 in the next quarter, as per an official statement. It will serve global clientele out of the newly-opened facility spread over 20,000 square feet. The facility will help offer multi-lingual, omni-channel customer experience management, technical support, and back-office operations to clients in various sectors including healthcare, BFSI (banking, financial services and insurance), technology, retail, and utilities. The company's director and co-founder Kishore Saraogi said the expansion of the Mumbai operation will help Fusion CX establish a strong presence in all four regions (north, east, west, south) of the country.

NIIT Q3 results: Net profit marginally up at Rs 14.3 cr; revenue declines

IT training company NIIT on Friday reported a 0.56 per cent increase in its consolidated net profit to Rs 14.36 crore for the December 2023 quarter. Its profit stood at Rs 14.28 crore in the year-ago period. Sequentially, it rose 34.96 per cent against Rs 10.64 crore. The revenue from operations declined by 8.59 per cent to Rs 85.17 crore in the third quarter from Rs 93.18 crore in the year-ago period, according to a regulatory filing. A company statement said the results include the impact of the demerger of NLSL from NIIT Limited from April 1, 2022. "We are expanding in BFSI (banking, financial services and insurance) and increasing penetration across GCCs (Global capability centres). We continue to see sequential recovery in business despite the ongoing hiring freeze in the technology sector," Vijay K Thadani, Vice Chairman and Managing Director, NIIT, said. The company is on a path of recovery with its BFSI strategy, which is reflected in its yearly growth in the revival of ..

BFSI weighting in Nifty50 hits 7-year low as HDFC Bank stock slips

The 2019 calendar year was the high point for the BFSI sector, when its weighting in the index had risen to a record high of 40.6 per cent at the end of December

E-auction announced for developed vacant plots in Chennai Fintech City

Plots on offer are part of a multiple-use zone suitable for office, residential, and hospitality

A major portion of our deal pipeline is large deals: LTIMindtree MD & CEO

Debashis Chatterjee speaks about the overall demand environment and company's strategy

BFSI will bottom out by next qtr; FY25 should be better: TCS MD & CEO

'It will take about four to eight quarters for GenAI to be substantial part of revenue'

Wipro sees pressure on revenue growth in Q4; net profit falls 12% in Q3

Margins for the second quarter are likely to be "range-bound" similar to the last few quarters, the management said during a media briefing

India Inc seeks 3.9 mn jobs for frontline workers in H1 FY24: Report

Most of this demand was driven by the logistics and mobility sector, which accounted for over 50 per cent of the total demand

BFSI, telecom, e-commerce most coveted sectors by women in 2023: Report

BFSI, Telecom and e-commerce were the most sought after sectors by women jobseekers this year, with most looking for work from home opportunities, according to a report released on Wednesday. The report by revealed that the women seeking jobs showed a balanced approach between flexibility and career dedication, as 50 per cent (1.2 crore) of total job applications from women job seekers sought wfh opportunities, the report by apna.co said. The report is based on an analysis of job searches by women on apna.co platform in 2023. As per the report, this year, sectors like Banking, Financial Services and Insurance (BFSI), telecom, and e-commerce witnessed a remarkable surge in demand among women jobseekers. The report revealed that 18 lakh women embraced night shift roles, showcasing their willingness to tackle challenges with utmost dedication. Of the 1.38 crore women on apna's platform, 6.7 million hail from tier-II cities, seeing a 33 per cent growth compared to the previous year.

Dive into the heart of India's biggest BFSI event held this October - Exclusive Exhibitor Interviews.

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Office leasing in BFSI sector between Jan-Sep at a decadal high: CBRE

Within the BFSI sector, demand for office spaces was led by Global Capability Centres in the top six cities in India: CBRE

Most Preferred Workplace 2023-24 highlights BFSI organisations leading the change

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BFSI forms larger pie of corporate profits in India than US, Europe

This surge is largely due to rising lending rates and an expansion in the net interest margins of banks and non-bank lenders

Apprentice skilling in IT/BFSI industry to create 5 mn jobs by 2025: Report

IT/ITES sector likely to pay between Rs 11,000 and Rs 75,000 to young apprentices

E-commerce, telecom, BFSI most sought-after sectors by freshers: Survey

E-commerce, Telecommunications, BFSI, and IT are the most sought-after sectors for freshers, as these sectors provide substantial career growth opportunities and offer a better environment and work-life balance, according to a survey. According to the survey by job and professional networking platform apna.co, fresh talent is flocking to the e-commerce sector, which witnessed an impressive 22 per cent surge in applications. The BFSI sector showed an 18 per cent growth, while telecommunications and IT sectors followed with 13 per cent and 5 per cent, respectively. The report, which covered over 10,000 participants, noted that 6 out of 10 enthusiastic job seekers hailing from tier 2 and 3 cities like Surat, Jaipur, Gwalior, Bhopal, Indore, Lucknow, and Kanpur are setting their sights on the vibrant e-commerce and BFSI sectors. A substantial 6 out of 10 freshers are drawn to these sectors because of the substantial career growth opportunities. Around 34 per cent prioritise the stabili

BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India

PE investment to flow to financial, healthcare, and consumer sectors

Let bankers play like Rahul Dravid

RBI Governor Shaktikanta Das's message to the financial sector

TMS Ep555: BS BFSI summit, Mid and SmallCaps, electoral bonds

BS BFSI summit: What did experts say about Indian economy, markets and investments? Has the recent correction made Mid and SmallCaps attractive? What is the electoral bonds case? All answers here