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Financial Services
21 articles
Financial services firms are increasingly leveraging artificial intelligence to drive efficiency and growth, as highlighted by Lazard's CEO emphasizing AI's impact on the US economy and workforce automation within banking. Several companies, including Finkurve Financial Services and Capital India Finance, reported substantial profit and revenue growth in the most recent quarter, supported by strategic initiatives like branch expansion, co-lending partnerships, and divestitures. Furthermore, foreign portfolio investors are injecting capital into the Indian market, with assets under custody reaching ₹7.75 lakh crore, signaling continued investor confidence. These developments suggest a dynamic and evolving landscape for financial services, with technology and strategic investments poised to shape future performance and market outlook.
Lazard CEO: US Economy Bet on AI
Lazard CEO Peter Orszag says US growth now hinges on AI and high‑income consumers driving equity gains.
He warned AI could cause a rapid, large‑scale labor‑market shock as firms and workers adjust.
La
PB Fintech Invests ₹5 Crore in Wholly-Owned Subsidiary
PB Fintech Limited invests ₹5 crore in equity shares of its wholly-owned subsidiary, PB Marketing and Consulting Private Limited.
PB Marketing, incorporated in 2008, recently altered its business obje
Finkurve Q4 PAT Surges 105% YoY, AUM Up 149%
Finkurve Financial Services reported Q4 FY26 PAT of ₹8.04 cr, up 105.46% YoY, with total income growing 71.21% to ₹69.21 cr.
AUM surged 149% YoY to ₹1,096.1 cr, supported by branch expansion to 105 an
PFRDA APY Records 1.35 Crore New FY26 Subscribers
PFRDA felicitated 53 Service Providers and 10 SLBCs for outstanding APY performance in FY 2025-26.
APY achieved record 1.35 crore new enrolments with AUM exceeding ₹54,000 crore as of May 2026.
Women
FPIs AUC & Net Investment Surge to ₹7.75 Lakh Cr
The report details FPI assets under custody (AUC) and net investment for April‑30 and May‑15 2026 across 22 BSE sectors.
Total AUC rose to ₹7,75,058 cr (≈ USD 95.93 mn) by May 15 2026, with net invest
Capital India Finance FY26 PAT Surges 243% YoY
Capital India Finance reported standalone FY26 PAT of ₹40.36 crore, up 243% YoY, with AUM growing 22% to ₹1,227 crore.
The company divested its housing finance subsidiary CIHL for ₹267 crore to sharpe
Supra Pacific FY26 Net Profit Up 589% YoY
Supra Pacific Financial Services reported audited FY26 standalone results with net profit surging 589% YoY to ₹788.03 lakhs.
Total income for the year grew 89% to ₹9,208.12 lakhs, driven by an 103% in
TeamLease Q4 EBITDA Up 8% QoQ, Announces ₹600 Crore Buyback
TeamLease reported Q4FY26 consolidated results with EBITDA up 8% QoQ to ₹46.0 crore and PBT up 5% QoQ to ₹51.6 crore, excluding one-time items.
Full-year FY26 performance showed EBITDA growth of 14% Y
Grasim Industries Invests ₹2,880 Crore in Aditya Birla Capital
Grasim Industries Board approved ₹2,880 crore investment in Aditya Birla Capital's preferential equity issue.
Aditya Birla Capital's total equity raise is ₹4,000 crore including ₹920 crore from IFC.
P
Share India FY26 PAT at ₹3,244 Million
Share India reported audited FY26 consolidated PAT of ₹3,244 Mn, a 1.1% YoY decline, with revenue up 1.5% to ₹14,703 Mn.
EBITDA grew 10.3% YoY to ₹5,704 Mn, with margins expanding 311 bps to 38.79%, d
KFin Technologies Launches AEGIX AI IR Platform
KFin Technologies launched AEGIX, India's first AI-native investor relations intelligence platform for listed companies.
The platform provides ownership analysis, market intelligence, investor targeti
New India Assurance Q4 PAT Up 61% YoY
New India Assurance reported a 40% YoY rise in FY26 net profit to ₹1,384 crore and a 61% YoY jump in Q4 PAT to ₹558 crore.
Gross Direct Premium grew 10.9% YoY to ₹42,822 crore, outpacing the industry'
CAMS Report: Women Investors Drive ₹11.3Tn AUM
CAMS released its 'Going Beyond the Box 2026' report analyzing women's participation in mutual funds, showing ₹11.3Tn AUM and ₹3.0Tn FY26 inflows.
Women investors reached 13.2 million with 2.2 million
GoI Announces ₹32,000 Cr Dated Securities Auction
Government of India will re‑issue three dated securities totaling ₹32,000 crore, with an optional extra ₹2,000 crore per issue.
Auction is scheduled for 22 May 2026 using a multiple‑price method, with
RBI Releases December 2025 Payment System Report
RBI published half-yearly Payment System Report covering five-year transaction trends up to Dec 2025.
Report details regulatory developments, CCP role in financial stability, and cross-border payment
Thomas Cook India Q4 FY26 Earnings Call Transcript
Thomas Cook India reported a 10% YoY revenue decline in Q4 FY26 to INR 17,707 million, impacted by geopolitical disruptions in key travel markets.
The company announced a strategic demerger of its Ste
MCX Q4 FY26 Earnings Call Highlights Record Performance
MCX reported consolidated FY26 revenue more than doubled to ₹2,302 crore, with PAT crossing ₹1,300 crore and EBITDA at ₹1,774 crore.
Average daily turnover grew nearly 2.5 times, driven by strong bull
Indian MSMEs Contribute 31% GDP, 48.58% Exports
• MSMEs contribute 31.1% to India's GDP, 48.58% to exports, and employ 32.8 crore people across 7.47 crore enterprises.
• Government formalized 7.9 crore enterprises through Udyam portals and enhanced
State Govt Securities Auction Raises ₹18,600 Cr
RBI announced full subscription of state government securities auction totaling ₹18,600 crore on May 5, 2026.
Andhra Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Telangana issued re‑issued bonds wi
Infosys Ranked Top IT Services Provider in European Banking
Infosys ranked number one IT services provider for Banking in Europe and Financial Services in Nordics by Whitelane Research.
Company recognized as top three Exceptional Performer in Financial Service
State Gov Securities Auction Raises ₹14.5K Cr
RBI announced that the yield/price based auction of State Government Securities on April 28 2026 raised ₹14,500 crore, with ₹14,346.127 crore accepted.
All listed states—Assam, Bihar, Chhattisgarh, Ke