Financial Services

FSIB recommends Hitesh Joshi as CMD of GIC Re; awaits Cabinet nod

FSIB has recommended Hitesh Joshi for the CMD post at GIC Re, marking the first selection process allowing private sector applicants; the final decision now moves to the Cabinet

DFS secretary encourages composite salary package to boost PSU banks' CASA

DFS Secretary M Nagaraju inaugurates a composite salary account camp in Delhi as public sector banks seek to strengthen CASA balances and deepen customer relationships

DFS secy urges stronger BC ecosystem, better services and process upgrades

M Nagaraju highlighted the vital role of Business Correspondents in last-mile banking, urging continuous process improvement, service expansion and enhanced digital oversight to meet customer needs

Street signs: AI storm could hit other pockets, GIFT City's master key

AI fears widen beyond IT to wealth management, while APMI tightens fund-flow norms and GIFT City rolls out a single-window 'master key' registration

DFS drafts Financial Inclusion 2.0 roadmap, focuses on universal banking

Financial Inclusion 2.0 plan aims to deepen access to banking, credit, insurance, pension and digital services, targeting universal coverage by 2047

FIIs pull ₹33,336 cr in Jan 2026, dump defensives, buy metals: PL Capital

Heavy selling in defensive and consumption-related industries like FMCG, healthcare, and consumer services drove the January outflows

Zero trust is pervasive, but gaps remain on emerging cybersecurity threats

As AI adoption accelerates, zero-trust security, continuous monitoring, and stronger customer awareness are critical to counter deepfakes, fraud, and evolving cyber threats

Arrowhead raises $3 mn to expand human-like voice AI for financial sales

The startup's human-like voice AI can handle long sales calls and, according to the company, delivers significantly higher conversion rates than human agents

DFS pushes digitisation, reforms to speed up recoveries through DRTs

The DFS is pushing mandatory e-filing, virtual hearings and legal reforms to improve disposal rates and speed up recoveries through debt recovery tribunals

Year-ender 2025: Financials, new-age cos dominate India's IPO fundraising

Financial services accounted for the largest share of IPO issuance in 2025, reflecting strong issuance from NBFCs, asset managers, insurers and financial platforms during the year

India offers higher FDI, easier bank branch norms under New Zealand FTA

Under the India-New Zealand FTA's Financial Services Annex, India has offered higher FDI limits in banking and insurance and a simpler licensing regime for foreign bank branches

Goldstone Financial Group on Why Health Planning Deserves Its Place in a Retirement Strategy

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DFS tightens grievance redressal oversight; banks, insurers face rankings

In a key reform introduced in June 2025, DFS began ranking public sector banks, private sector banks and public sector insurers on the basis of the quality and timeliness of grievance disposal

StoneX to launch precious metals trading desk in India, expand hiring

The desk will mainly target Indian jewellers and extend services to scrap and recycling businesses, Greg Kallinikos, chief executive for Asia Pacific, said in an interview

Banking, financial services funds: Enter via SIPs with a 5-year view

If loan growth does not rise towards the 12-13 per cent range, valuations may shrink

AI unlikely to replace humans in fin services, says Shankar Sharma

While AI helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma

BS BFSI Summit: GIFT City achieving key milestones, gaining global traction

At BS BFSI Insight 2025, experts said international financial hub has evolved beyond banking, insurance, and capital markets. There are now over 35 active business segments operating in the centre

India's financial services sector is the biggest, strongest ever: DFS secy

The three-day premier event begins with who's who of the BFSI sector converging to debate road ahead. Discussions ranged from setting up new banks to meet diverse credit needs to 'digital arrests'

Top minds to brainstorm at the three-day BS BFSI Insight Summit 2025

After strong push by govt and RBI, discussions to further enhance India's growth amid global woes

Tata Capital Q2 profit rises 33% to ₹1,128 cr on strong loan growth

Strong loan growth, higher fee income and steady asset quality boost Tata Capital's quarterly performance; firm expects 18-20% AUM growth in FY26