Page 15 - Bfsi

BS BFSI Summit: From Dasgupta to Kumar, meet general insurance experts

General Insurance CEOs Panel's theme on October 31: A paradigm shift from rule-based to principle-based regime

Save the date: It's time for India's biggest BFSI Summit of the year

RBI Governor Shaktikanta Das could speak about the central bank's constant vigil on inflation and the way forward

TMS Ep551: Scrutiny of Chinese cos, BS BFSI Summit, RIL Q2 results & more

Why are Chinese cos under scrutiny in India? What to expect from Business Standard BFSI Insight Summit? What are markets expecting from RIL's Q2 results? What is the Rohini Commission? Answers here

Hinduja aims for value creation of $35-40 bn from the BFSI sector by 2030

Hinduja Group is betting big on the Banking, Financial Services, and Insurance (BFSI) sector, targeting to have a value creation of USD 35-40 billion in the next five to seven years by adding more verticals to fill up the gaps, said Ashok P Hinduja, Chairman of Group Companies (India). The Hinduja family-owned group is now looking at BFSI, besides the mobility, and energy sectors as the growth driver for the next decade. The group, which owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland), is diversifying and has plans to get into the new tech, digital and fintech as part of its new phase of growth and fill gaps through acquisitions to have complete offerings in the BFSI sector, said Hinduja in a selected media round table here. "So the first phase will start and the objective of the holding structure, which is a Mauritius-based IndusInd International, is to grow into the BFSI sector to complete the full stack," he said. Besides, it is raising promoter's stak

RIL, HUL, ITC: Top 50 APAC firms lose over $185 billion in m-cap in Q3

Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter

We've been exploring themes with secular implications: Prakash Kacholia

The strong first-quarter FY24 earnings are expected to normalise in the coming quarters, with a potential growth rate of 20-22 per cent, said Kacholia

Updater Services makes muted market debut, falls 6% below issue price

Shares of integrated facilities management company Updater Services Ltd made a muted market debut on Wednesday, ending the day with a discount of nearly 6 per cent, against the issue price of Rs 300. The stock made its debut at Rs 299.90, lower by 0.03 per cent from the issue price on the BSE. During the day, it declined 6 per cent to Rs 282. The stock ended at Rs 283.85 apiece, down 5.38 per cent. On the NSE, the stock listed at Rs 285, down 5 per cent from the issue price. During the day, it declined 6 per cent to Rs 282. Shares of the company ended at Rs 283 per piece, down 5.66 per cent. The company commanded a market valuation of Rs 1,893.36 crore. In volume terms, 1.86 lakh shares of the company were traded on the BSE and over 22.98 lakh shares were traded on the NSE during the day. The initial public offer of Updater Services was subscribed 2.90 times on the final day of subscription last week. The Rs 640 crore-IPO had a fresh issue of equity shares aggregating up to Rs 4

BFSI share rises to 29% in office space leasing in 9 major cities: CBRE

Banking, Financial Services and Insurance (BFSI) companies' share has jumped to 29 per cent in the total office space leasing during the July-September period across nine cities from 16 per cent in the previous quarter, according to CBRE. Real estate consultant CBRE South Asia released its office market data on Tuesday, showing that BFSI firms took on lease 4.63 million square feet of office space, which is 29 per cent of the total absorption during the July-September period. In the previous quarter, the BFSI companies had taken 2.2 million square feet of area on lease, accounting for 16 per cent of the total leasing. Overall, the consultant said that gross office leasing activity increased by 33 per cent Year-on-Year (Y-o-Y) to 15.8 million square feet during the July-September period across nine cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, Kochi and Ahmedabad. "The BFSI firms' leasing share surged from 16 per cent in the April-June quarter to 29 per .

BFSI companies go the whole hog to retain talent, prevent poaching

Companies are providing internal career switch opportunities with promotions, upskilling opportunities, quarterly incentives, and Esops across the ranks to retain talent

Can IT look beyond BFSI? US banking crisis threatened to create a domino

But things are getting better and demand outlook remains strong

Algo rhythm: Digital spells money for India's BFSI companies, says report

The cost of acquiring customers through digital channels is 70 per cent cheaper, says the Google and McKinsey report

AI, digital solutions integration to bolster BFSI: Google McKinsey report

The integration of AI with digital solutions is set to enable India's BFSI sector to unlock access to its entire spectrum of products for over 700 million internet users in the country, according to a Google and McKinsey report. Around 87 per cent of financial services seekers commence their consumer journey online, the report said, adding that nearly two-thirds find online channels more helpful for making a purchase decision over traditional channels. Approximately 40 per cent use search and about 31 per cent use online videos to help them with their decisions. The report combines analysis of Google Search trends, revealing that online demand exceeded total purchases across all product categories by 3-5 times in 2022. Credit cards, home loans and car loans were amongst the most searched products, enjoying amongst the highest growth rates in online demand, with searches focused on factors like innovative features and prices, the report, titled 'AI revolutionizes inclusion and ...

Leasing data shows BFSI sector has bounced back from pandemic lull

The rise in leasing by BFSI companies has been attributed to the return to office and improved domestic financial sector outlook

IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA

Order book and deal pipeline of most companies remain strong, says ratings agency

Festive demand to see addition of 50,000 temporary jobs in BFSI: TeamLease

The second half of the ongoing calendar year is expected to see an addition of about 50,000 temporary jobs in the banking, financial services and insurance (BFSI) sectors ahead of the festive season, according to a report by staffing company TeamLease Services. The BFSI sector is already witnessing a remarkable surge in credit card sales, personal finance, retail insurance, driven by increased consumer spending and confidence in the economy, according to the report. "This increased activity is anticipated to generate about 50,000 temporary jobs in the second half of 2023, as BFSI firms are set to increase their workforce to meet the surge in finance products," it added. The TeamLease analysis is based on current market demand, industry job openings and the larger market or industry sentiment. From the BFSI sector's perspective, the demand for temporary workers during the festive season has shown a consistent rise not only in tier-I cities like Ahmedabad, Pune, Bengaluru and Kolkata

Is software-as-a-service the way ahead for the BFSI sector?

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Adoption of SaaS in the Indian BFSI Sector

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Tredence eyes acquisitions in BFS, healthcare vertical by year end

In terms of size, Tredence will be focussing on acquiring companies with revenues in the range of $10-15 million, though it would be flexible in its approach, said Bhowmick

Teleperformance aims to hire 60,000 people in India in the next 2 years

This expansion would take the total employee strength to 150,000 from about 90,000 employees in India as of today

Q1FY24 results: Revenue growth of early birds at a 10-quarter low

India Inc more dependent on BFSI, IT companies to drive growth