Financial Services News - Latest Updates & Headlines
Motilal Oswal reports Rs 63.2 crore loss in Q4, first in 5 years
Mumbai, Apr 25: Motilal Oswal Financial Services Limited (MOFSL) on Friday reported a net loss of Rs 63.2 crore for the quarter ending March 2025, marking its first quarterly loss in five years.
Poonawalla Fincorp Q4 net profit plunges 81 pc to Rs 62 crore
New Delhi, April 25: Poonawalla Fincorp on Friday reported a sharp over 81 per cent decline in its net profit, which fell to Rs 62.33 crore in the January-March quarter (Q4) of FY25, compared to Rs 331.70 crore in the same quarter of the previous financial year.
India's M&A and PE deals surge 204 pc to $5.3 billion in Q1: Report
New Delhi, April 24: India’s deals landscape in Q1 2025 reflected a strong rebound in investor sentiment, with 67 deals valued at $5.3 billion marking a notable uptick in both volume and value over Q4 2024 and Q1 2024, according to the Grant Thornton Bharat report released on Thursday.
Gen Z workforce in Indian BFSI sector nearly doubles in 2 years: Report
Mumbai, April 23: The banking, financial services, and insurance (BFSI) sector in India is going through a major transformation as the presence of Gen Z in the workforce has almost doubled in just two years, rising from around 12 per cent in 2023 to nearly 23 per cent in 2025, a new report said on Wednesday.
Capital India Finance lists on NSE to expand investor reach, boost growth
New Delhi, April 18: Non-banking financial company Capital India Finance Limited (CIFL) has announced that its equity shares are now listed on the National Stock Exchange (NSE).
Jio Financial Services log 1.6% rise in Q4 net profit to Rs 311 crore
Mumbai, April 17: Jio Financial Services has reported a marginal 1.6 per cent rise in its consolidated net profit in the January-March quarter at Rs 316 crore, compared with Rs 311 crore registered in the same quarter of the previous financial year.
Bajaj Finance shares decline amid weak investor sentiment
Mumbai, April 9: Bajaj Finance Limited's shares fell on Wednesday, reflecting weak investor sentiment despite no major negative triggers.
FM Sitharaman urges UK insurer Prudential to invest in India
New Delhi, April 8: Minister for Finance and Corporate Affairs Nirmala Sitharaman met UK insurance giant Prudential PLC's chair Shriti Vadera in London on Tuesday and discussed investments in India, the Finance Ministry said.
Strong growth expected to continue in new health and term segment: Nuvama Report
New Delhi, April 8: The Indian insurance sector is likely to see a strong growth in the new health and term segment, according to a report by Nuvama.
There is urgent need for unified cybersecurity framework to protect BFSI sector: Centre
New Delhi, April 7: There is an urgent need for unified cybersecurity framework to protect India's financial backbone as interconnected nature of the banking, financial services and insurance (BFSI) ecosystem means that a single cyberattack can have systemic repercussions, impacting multiple entities beyond the initial target,” S. Krishnan, MeitY Secretary, said on Monday.
Sensex plunges over 1,100 pts amid US reciprocal tariff concerns
Mumbai, April 1: Indian frontline indices declined sharply on Tuesday, dragged by the IT and financial service stocks, amid concerns over the upcoming US reciprocal tariffs from April 2.
EPFO to allow instant PF withdrawals via UPI, ATMs by mid-2025
New Delhi, March 26: The Employees' Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025.
ATM withdrawals to get costlier from May 1 as RBI approves fee hike
New Delhi, March 25: Starting May 1, withdrawing cash from ATMs in India will become more expensive as the Reserve Bank of India (RBI) has approved an increase in ATM interchange fees.
Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Mumbai, March 21: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National Stock Exchange (NSE).
Indian stock indices soar for third day after weeks of volatility
New Delhi, March 19: Indian stock indices extended their gains for the third day. At the day's closing, Sensex and Nifty were 0.2 per cent up each.
NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies
New Delhi, March 15: The fundamentals of Non-Banking Financial Companies (NBFCs) are showing signs of improvement as macroeconomic challenges ease and the Reserve Bank of India (RBI) adopts a more supportive stance, according to Jefferies.
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.