Page 6 - Bfsi

LTIMindtree Q2 net profit rises 12%, revenue up 10% on BFSI strength

LTIMindtree's deal wins for the quarter totaled $1.59 billion, compared with $1.63 billion in the previous quarter and $1.3 billion a year earlier

Top regulators, CEOs to speak at BS BFSI Insight Summit 2025 in Mumbai

The Business Standard BFSI Insight Summit 2025 will host key speakers and panels on fintech, mutual funds, insurance and banking from October 29 to 31 in Mumbai

Indian banks' business correspondent channel set for major overhaul

The rejig of the world's largest field channel of agents is to be based on the findings of a study conducted by the National Institute of Bank Management under the auspices of the central bank

Tata Capital, Groww: BFSI sector gears up for ₹58,000-crore IPO push

The financial sector pipeline is dominated by Tata Capital's ₹17,000 crore issue, followed by ICICI Prudential Asset Management and Billionbrains Garage Ventures, the parent of Groww

Corporate sector revenues continue to trail India's robust GDP growth

Nominal GDP uses current market prices while real GDP takes constant prices from a base year to adjust for implied inflation in the economy called GDP deflator

Why did Nuvama downgrade BFSI, upgrade IT & Reliance Ind? Find out here

According to the Nuvama report, the deflationary impulse from tariff-driven global slowdown is likely to hurt domestic cyclicals the most.

MFIs raise loan-waiver concerns with RBI, finance ministry ahead of polls

Bihar, Assam, Kerala, Tamil Nadu and West Bengal - which go to polls between the latter half of 2025 and the early part of 2026 - account for 42 per cent of microfinance institutions' (MFIs) portfolio

DIIs pip FIIs in Indian stocks ownership, like BFSI: Motilal Oswal

DIIs - which include mutual funds, insurance companies, and pension funds -- poured $19.7 billion into Indian stocks last quarter, far ahead of the $5.4 billion invested by FIIs.

New IRDAI chairman, private banks' retail loan growth, hiring at major commercial banks & more

The Centre has appointed Ajay Seth, recently retired finance secretary, as the new chairman of the Insurance Regulatory and Development Authority of India, 4 months after the position was left vacant.

India's BFSI sector sees hiring boom in fraud, KYC and compliance roles

India now hosts an active talent pool of 25,543 professionals to tackle financial crimes, with skills spanning anti-money laundering, sanctions compliance, and fraud prevention

AI platform iTuring raises $5 million Series A for financial services push

iTuring.ai, an AI platform targeting the BFSI sector, raises $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures to expand product development

LTIMindtree Q1 net profit up 10.6% to ₹1,254.6 crore, beats estimate

LTIMindtree beats profit estimates in Q1FY26 with 10.5% YoY growth; revenue misses forecast slightly as macro challenges persist and hiring slows

7 of 10 GenZs plan on switching jobs in 6 months for better pay: Survey

Deel survey finds high dissatisfaction among Indian Gen Z professionals with current pay, despite 11 per cent average hike, as many consider remote global roles

Data analytics firm Tredence bets on GenAI to fuel growth over next 5 yrs

Backed by Advent International and Chicago Pacific Founders, Tredence raised about $205 million in two founding rounds till 2022

Largecap segment shines in Q4 amid broad sectoral divergence: Equirus Sec

Of the 270 companies analysed, largecaps saw a 6 per cent Y-o-Y earnings rise, midcaps gained 2 per cent, while smallcaps slumped 16 per cent.

Not the time for concentrated bets, thematic funds: Mirae's Neelesh Surana

Discretionary segments, he believes, may rebound as interest rates fall, rural incomes improve, and the government steps in with measures such as tax cuts and the Eighth Pay Commission

BFSI's risk index rise amid global economic stability, says CIRI report

BFSI sector's risk index rose amid inflation and geopolitical tensions even as risk mitigation efforts like digitisation and AI adoption supported operational resilience

BSE urges market players to enhance cybersecurity amid rising threats

BSE has asked brokers and traders to assess their systems and implement cybersecurity measures in line with Sebi's CSCRF after a CERT-In warning on BFSI sector

Large deal wins, execution to drive outperformance for Coforge in FY26

While overall FY25 order flow stood at $3.4 billion, up 75 per cent year-on-year (Y-o-Y), about $2.1 billion came in Q4 alone

Mid, smallcaps find their 2nd wind as Indian equity mkt rebounds in April

Middleweight stocks are in demand, leading the market with better returns in April's recovery