Page 2 - Financial Services

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

Financials and IT stocks see highest FPI selling in August, shows data

Overall, FPIs turned net sellers to the tune of ₹20,976 crore over the past two weeks

Overseas funds pull out of IT and financial services stocks in July

Foreign investors pull out over ₹21,000 crore from key sectors in late July, with IT and financials bearing the brunt of the sell-off

An inclusive index: More data needed to strengthen financial inclusion

The index is composed of three key parameters - access, usage, and quality - all of which have shown improvement this year

The Board's AI agenda: How prepared are you to guide the transformation?

When a business that relies heavily on artistic talent cites AI as a disruptive force, it signals more than just an industry-specific concern

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

Net FDI slumps 98% to $40 million in May 2025 as outward flows accelerate

Net FDI dropped to $40 million in May 2025 due to higher repatriation and outward investments, even as India remained attractive for gross FDI inflows

Paytm swings into black, makes ₹122.5 crore net profit in Q1 FY26

Paytm posts its first-ever operational profit in Q1FY26, marking a significant turnaround with a 28% rise in revenue and a reduction in expenses

Geojit Financial shares fall 6% on disappointing Q1 results; check details

Geojit Financial share price was trading lower by 5.6 per cent at ₹77.66 per share after the company report 37 per cent Y-o-Y decline in Q1FY26 PAT

India eyes tariff advantage in key US sectors over China, Canada, Mexico

Indian exporters are poised to strengthen their presence in the US market as rivals like China, Mexico, and Canada face higher tariffs ranging up to 50%, as against India's 10%, says NITI Aayog report

Burman family leads ₹1.5K cr fund infusion into Religare Enterprises

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm