Financial Services News - Latest Updates, Headlines & Analysis

Indian stock market opens higher ahead of Holi

Mumbai, March 13: The Indian equity benchmark indices opened higher on Thursday amid mixed global cues, as buying was seen in the Financial Service and PSU Bank sectors in the early trade.

Bajaj Finance shares decline amid rising provisions, weakening asset quality

Mumbai, March 10: Bajaj Finance shares faced selling pressure on Monday, falling by Rs 74.5 or 0.89 per cent to close at Rs 8,330.

CBDT Chairman recognizes women's contributions in Income Tax Department on International Women's Day

New Delhi, March 8: On the occasion of International Women's Day, Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), shared an official note recognizing the immense contributions of women in the Income Tax Department.

IRDAI allows insurers to use equity derivatives for hedging market risks

New Delhi, Feb 28: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday introduced new guidelines allowing insurers to use equity derivatives to hedge their equity investments.

Consumption, Financial services stocks leads nifty 50 Index amid significant shift since 2018: Report

New Delhi, February 22: The consumption and financial services stocks leading in inclusions in Nifty 50 index over the last seven years, while industrial & capex and defensive sector stocks were the most excluded, highlights a report by ICICI Securities.

NSDL reports 30 pc rise in Q3 net profit, total income grows over 16 pc

Mumbai, Feb 17: The National Securities Depository Ltd (NSDL) on Monday reported a 30 per cent increase in its consolidated net profit at Rs 85.8 crore for the October-December quarter of the financial year 2024-25 (Q3 FY25).

Government actively considering raising deposit insurance limit beyond Rs 5 lakh

Mumbai, February 17: The government is actively considering raising the deposit insurance scheme limit beyond Rs 5 lakh, said the secretary at the Department of Financial Services, M Nagaraju, on Monday.

Bank of Maharashtra gets RBI go-ahead to set up branch in GIFT City

New Delhi, Feb 16: Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI's approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank of Maharashtra's first unit for offshore banking operations from India.

Paytm Money pays Rs 45.5 lakh fine to SEBI over regulatory lapses

Mumbai, Feb 13: The Securities and Exchange Board of India (SEBI) on Thursday passed a settlement order against Paytm Money after the company paid Rs 45.5 lakh to resolve allegations of regulatory violations.

CDSL becomes 1st depository to register over 15 crore demat accounts

Mumbai, Feb 12: The Central Depository Services (India) Ltd (CDSL) on Wednesday announced it has registered more than 15 crore demat accounts, becoming the first depository in the country to achieve this landmark.

Crisil upgrades Adani Power's bank loan facilities to AA/Stable

New Delhi, Feb 7: Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'.

EPFO settles record over 5 crore claims in FY25

New Delhi, Feb 6: The Employees' Provident Fund Organisation (EPFO) said on Thursday that a record over 5 crore claims have been settled so far in the financial year (FY) 2024-25.

Retail investors increase stake in BSE Midcap stocks amid market volatility

Mumbai, Feb 6: Retail investors in India have been steadily increasing their presence in the stock market, and this trend continued in the December quarter (Q3 FY25) as well, according to BSE MidCap index's shareholding data on Thursday.

RBI's actions beyond a 25bps rate cut will be more watched: Report

New Delhi, Feb 6: While a 25bps rate cut in the upcoming RBI MPC policy is less of a market debate, the actions around “what beyond a cut” will be more watched, a report said on Thursday.

South Korea to launch secondary stock trading platform in March

Seoul, Feb 5: South Korea's financial regulator said on Wednesday that an alternative trading system will set sail in March for greater efficiency and convenience in the trading of securities, heralding an overhaul in the country's stock market.

HDFC Life to raise Rs 900 cr non-convertible debentures through private placement

New Delhi, February 5: HDFC Life Insurance Company has approved the issuance of non-convertible debentures (NCDs) worth Rs 900 crore on a private placement basis, said the company in an exchange filing.

MobiKwik clocks huge 1,000 pc loss in net profit at Rs 55 cr in Q3, revenue slips 7 pc

Mumbai, Feb 4: One MobiKwik Systems Limited on Tuesday reported a huge 1,000 per cent consolidated net loss at Rs 55 crore in the December quarter (Q3 FY25), as compared to the net profit of Rs 5 crore from the same period last year (Q3 FY24).

Finance minister to meet NBFCs on March 8 to discuss key issues and greater participation of NBFCs in financial services

New Delhi, January 31: The Ministry of Finance on Friday stated that a full-day conclave for Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) will be held on March 8, 2025, in New Delhi.

Bajaj Finance Q3 profit rises 18 per cent to Rs 4,308 crore

Mumbai, Jan 29: Bajaj Finance Limited on Wednesday reported a 18 per cent year-on-year (YoY) rise in its consolidated net profit for the third quarter (Q3) of FY25 at Rs 4,308 crore.

Bloodbath in stock market as Sensex, Nifty down over one per cent

Mumbai, January 27: The stock market plunged downwards on Monday, with both Sensex and Nifty taking a significant hit as investor sentiment turned bleak amidst global and domestic challenges.

Cuts in income tax rates, higher tariffs on gold likely in Budget 2025-26: Report

New Delhi, Jan 27: Mild cuts in personal Income Tax rates to boost consumption and concessional Corporate Tax scheme for manufacturing hubs and FDIs to push the 'Make in India' strategy are likely in Budget 2025-26 with the government aiming to push economic growth, according to a private sector report.

Central Depository Services clocks 21.5 pc jump in Q3 net profit

Mumbai, Jan 26: Central Depository Services (India) Limited (CDSL), the country’s largest depository has reported a 21.5 per cent surge in year-on-year net profit to Rs 130 crore in the October-December quarter of the current financial year (2024-25), compared to Rs 107 crore in the same quarter of 2023-24.

No new ED notice, clarifies Paytm as shares drop

Mumbai, Jan 24: Financial services major Paytm on Friday said it has not received any new notice from the Enforcement Directorate (ED) related to an ongoing investigation into a cryptocurrency scam.

Paytm reports Rs 208 crore loss in Q3, revenue down by 36 pc

New Delhi, Jan 20: Paytm's parent company One97 Communications Limited has clocked a loss of Rs 208 crore in the third quarter of FY25, from Rs 222 crore in the same quarter last year.

Paytm log 10 pc revenue jump at Rs 1,828 crore in Q3, PAT improved by Rs 208 crore

New Delhi, Jan 20: Leading payments and financial services company, Paytm, on Monday reported impressive robust growth across key financial metrics. The company's operating revenue surged by 10 per cent quarter-on-quarter (QoQ) to Rs 1,828 crore in Q3 FY2025, driven by its payments business and expanding financial services distribution portfolio.

Motilal Oswal denies accusations circulating on social media, calls them 'baseless'

Mumbai, Jan 19: Asset manager Motilal Oswal Asset Management Company (MOAMC) on Sunday denied accusations circulating on social media against the company and its officials, saying these “baseless accusations are a deliberate attempt by individuals with vested interests to malign the good reputation that our firm and leadership have built over decades”.

Goldman Sachs lowers target price of Reliance Industries' stock, maintains 'Buy'

Financial Services News - Latest Updates & Headlines