Financial Services

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

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Geojit Financial shares fall 3% after weak Q2 results; profit slips 59% YoY

Geojit Financial reported a 59 per cent decline in its profit after tax (PAT) to ₹23.47 crore compared to ₹57.42 crore in the year-ago period

Listing of PSU financial subsidiaries to unlock value: DFS Secretary

M Nagaraju says listing subsidiaries of state-owned financial entities will unlock value, strengthen corporate governance, and enhance market oversight

Why is Angel One stock rising despite massive drop in Q2 profit?

Angel One stock was trading at ₹2,476, up 1.3 per cent from the previous day's close of ₹2,445.2 on the NSE

Nabfid must now focus on urban local bodies, says DFS secy M Nagaraju

Addressing NaBFID's infrastructure conclave, Nagaraju said the institution should work on new instruments at scale so that banks can rebalance their portfolios every three to five years

FM Sitharaman highlights GIFT City as global hub for financial services

Finance Minister Nirmala Sitharaman on Monday highlighted the role of IFSC GIFT City as a global financial service provider. During the meeting with top management of HSBC Plc, Sitharaman outlined the roadmap towards Viksit Bharat, towards Atmanirbhar Bharat, sustainability, innovation, adoption of Artificial Intelligence (AI) and inclusivity. GIFT IFSC, international financial services centre, is located in Gandhinagar Gujarat. HSBC Group chairman Mark E Tucker and the Board Members of the UK-based financial services firm met the finance minister here. The meeting focused on India's growth story, Government of India's policy initiatives and HSBC's role in supporting India, the finance ministry said in a post on X. Members of the top management of HSBC appreciated India's continued growth story, including, the government's focus on broad regulatory reforms, and recent taxation reforms in both direct and indirect taxation, it said. The dialogue also addressed India's ambition to .

FPIs net sellers in financials, IT; autos and services attract inflows

Foreign portfolio investors pulled out Rs 14,020 crore from domestic equities in the second fortnight of August, with financials and IT sectors facing the brunt, while autos and services saw inflows

AI rise likely to alter how we assess risk, says JFS chairman KV Kamath

Chairman KV Kamath highlights scaling of businesses, new ventures, regulatory approvals and partnerships with BlackRock and Allianz as Jio Financial marks a crucial FY25

Dream11 parent testing DreamSuite app to expand into financial services

Fantasy gaming platform Dream11's parent firm Dream Sports is testing a new app, Dream Money, to foray into the financial services sector, sources aware of the development said on Sunday. Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games. "Dream Money has been under pilot for the last few months. The platform has not been launched yet," a source aware of the development said. As per information available on Google Play Store, the app will offer gold purchase service on a daily basis, starting from Rs 10 per day and fixed deposits starting from Rs 1,000. According to the source, the official name of the new platform is "Dream Suite Platform Private Limited". The app has been published by a Dream Sports entity, Dreamsuite. The website of DreamSuite shows that DreamSuite Finance will be launched soon to offer "seamless financial services". An email query sent to Drea

Dream11 parent Dream Sports testing new app to enter financial services

Fantasy gaming platform Dream11's parent firm Dream Sports is testing a new app, Dream Money, to foray into the financial services sector, sources aware of the development said on Sunday. Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games. "Dream Money has been under pilot for the last few months. The platform has not been launched yet," a source aware of the development said. As per information available on Google Play Store, the app will offer gold purchase service on a daily basis, starting from Rs 10 per day and fixed deposits starting from Rs 1,000. The app has been published by a Dream Sports entity, Dreamsuite. The website of DreamSuite shows that DreamSuite Finance will be launched soon to offer "seamless financial services". While Dream Sports has closed its online money-based games, it continues to operate sports experience and travel platform Dream Set G