Financial Services
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
 "ATM interchange fee may be indexed to WPI; NPCI likely to take up matter")
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
 "British hedge fund Qube Research & Tech first to set up shop in GIFT SEZ")
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
 "Aditya Birla Capital raises ₹4,000 cr in equity capital from promoters, IFC")
India's M&A market resilient despite global uncertainty: StanChart's Singhi
Standard Chartered's Rajesh Singhi says outbound acquisitions, financial services and EMS are driving deal activity despite geopolitical uncertainty and higher interest rates
 "India's M&A market resilient despite global uncertainty: StanChart's Singhi")
Financial services spearhead surge in outbound FDI, manufacturing slips
India's outward FDI surged in March, with economists attributing the spike to uncertainty and structural shifts, even as long-term trends remain stable
 "Financial services spearhead surge in outbound FDI, manufacturing slips")
 "Integrating Tax Strategy Into Long-Term Wealth Planning: How Thrive Financial Services Brings Structure to Financial Decisions")
 "How Utah Divorce Affects Business Owners: Financial and Legal Considerations")
World Bank's IFC plans to scale up investments in India to $10 bn by 2030
Annual investments in India by IFC, the private-sector arm of the World Bank Group, have risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22
 "World Bank's IFC plans to scale up investments in India to $10 bn by 2030")
Financial inclusion: From presence to participation
Inclusion succeeds when financial services are used regularly with confidence
 "Financial inclusion: From presence to participation")
Canara Robeco MF launches Banking & Fin Services Fund: Who should invest?
Canara Robeco Banking and Financial Services Fund will aim to take advantage of the ongoing shift in borrowing behaviour, which is no longer event-driven but is lifestyle-driven
 "Canara Robeco MF launches Banking & Fin Services Fund: Who should invest?")
NBFCs' bank licence set to figure at DFS meet on Thursday as reforms loom
The meeting will be attended by senior officials from the Finance Industry Development Council, Sa-Dhan and Microfinance Industry Network
 "NBFCs' bank licence set to figure at DFS meet on Thursday as reforms loom")
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
 "FSIB recommends Hitesh Joshi as CMD of GIC Re; awaits Cabinet nod")
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 secretary encourages composite salary package to boost PSU banks' CASA")
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
 "DFS secy urges stronger BC ecosystem, better services and process upgrades")
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
 "Street signs: AI storm could hit other pockets, GIFT City's master key")
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
 "FIIs pull ₹33,336 cr in Jan 2026, dump defensives, buy metals: PL Capital")
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
 "Zero trust is pervasive, but gaps remain on emerging cybersecurity 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
 "Arrowhead raises $3 mn to expand human-like voice AI for financial sales")
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