Financial Services

Equentis Wealth Advisory Services Leads Investor Awareness Drive Against Equity Market Fraud

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Tata Capital Q2FY27 results: Net profit surges 51% to ₹1,660 crore

Tata Capital on Tuesday reported a 51 per cent growth in consolidated net profit to Rs 1,660 crore for the September quarter of FY27. The company had posted a net profit of Rs 1,097 crore in the July-September period of FY26. Net total income rose 24 per cent to Rs 4,676 crore during the September quarter of FY27, from Rs 3,774 crore in the corresponding period a year ago, the company said in a regulatory filing. Tata Capital Managing Director and CEO, Rajiv Sabharwal, said the company's loan book crossed Rs 3 trillion, "underscoring the scale, diversification and resilience of our franchise". The non-bank lender's Assets Under Management (AUM) stood at Rs 3,08,030 crore, up 26 per cent year-on-year. "Asset quality remained stable, reflecting our continued focus on portfolio quality, prudent underwriting and effective collections," Sabharwal said. In a separate exchange filing, Tata Capital said its board approved a proposal for the enhancement of the existing medium-term note ..

Stage set for BFSI Insight Summit 2026: Banking, AI and growth in focus

India's financial leaders to discuss AI-driven banking, fintech innovation, financial inclusion and investment trends at Business Standard's BFSI Insight Summit 2026 in Mumbai

Trust, AI, Data & Gen Z; Insurance marketing components

In this session, Rahul Talwar, Chief Marketing Officer, Axis Max Life Insurance, talks about the evolving marketing strategies for the financial services sector & provides career tips to the B-Schools

OpenAI launches ChatGPT for financial services: Here's what it offers

The product combines built-in financial data with GPT-6 Astra's reasoning capabilities and has been developed in partnership with Morgan Stanley and Evercore

Bank of America arm to pick up 49.9% in Jio Credit for ₹18.3K crore

BofA will initially acquire 26.5 per cent of Jio Credit, with its holding rising to 49.9 per cent upon exercising warrants, subject to regulatory and statutory approvals

Tata Digital's financial services chief Gaurav Hazrati exits amid revamp

Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team

BUSINESSNEXT secures $40 million funding to expand autonomous banking

The autonomous banking platform will use the funds for research and development and expansion into Australia and New Zealand, while strengthening its private AI capabilities

HCLTech launches Global Technology Center in GIFT City for AI-led solutions

The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration

Jio Financial Services Q1 PAT jumps 156% on strong lending, payments growth

Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore. Including dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier

Korea's NH Investment invests ₹900 cr in Choice International's broking arm

The South Korean financial services firm will invest through compulsorily convertible preference shares to support Choice Equity Broking's expansion plans

RBI Ombudsman Scheme: Know complaint timelines, compensation, appeal rules

The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

FPIs sold finance, oil & gas stocks the most in June's first fortnight

FPIs sold financial, oil & gas and auto stocks heavily in early June amid crude-price volatility, AI concerns and monsoon-related demand worries

Samco launches global investing; Prime Litmus fund, ADIA stake sale

Samco Securities enters global investing with a GIFT City licence, offering Indian investors access to US stocks and ETFs through its trading platform

Large-ticket term policies gain traction; share above ₹2 cr rises to 34%

The share of policies below ₹2 crore fell to 66 per cent from 76 per cent over the same period

ATM interchange fee may be indexed to WPI; NPCI likely to take up matter

NPCI may review ATM interchange fees and link charges to WPI as rising operating costs put pressure on India's ATM ecosystem

British hedge fund Qube Research & Tech first to set up shop in GIFT SEZ

High-frequency trading firm to get tax sops on derivative trades

Aditya Birla Capital raises ₹4,000 cr in equity capital from promoters, IFC

The Aditya Birla Group's financial services arm will use the capital raised from promoters and IFC to strengthen lending businesses and accelerate digital growth initiatives