Sector / Industry News › Sub-category
Financial Services
17 articles
India's financial services sector demonstrates robust growth and adaptation across various segments. Capital India Finance bolstered its secured MSME and retail lending business with a ₹100 crore NCD raise, showcasing a 22% year-over-year increase in assets under management and strong Q1 FY27 momentum. Simultaneously, Kotak Life Insurance emphasizes the importance of sum assured adequacy, while mutual fund platforms like FundsIndia and Anand Rathi Wealth cater to diverse investor needs amidst a rapidly expanding AUM exceeding ₹80 lakh crore. These developments, alongside ICICI Lombard's digital transformation and Augmont's strong Q1 performance, highlight the sector's resilience and potential for continued expansion, though regulatory changes, such as those proposed by IRDAI, could impact revenue streams for some players.
NABKISAN Lists India's First WASH Social Bond
NABKISAN Finance listed India's first Water, Sanitation and Hygiene (WASH) Social Bond on NSE, raising ₹180 crore.
The five-year bond carries an 8.10% coupon, matures in September 2031, and received C
ICICI Direct: Surge in Digital Demat Accounts
Digital demat account opening has become common due to mobile-based KYC, reducing paperwork and enabling quick onboarding.
Investors are attracted by ease of managing holdings via apps, instant IPO pa
OnEMI Q2 AUM Up 68% YoY to ₹9,317 Cr
OnEMI Technology Solutions reported provisional Q2FY27 business metrics with AUM reaching ₹9,317 Cr, up 68.4% YoY.
Quarterly disbursements grew to ₹4,612 Cr in Q2FY27, a 55.7% YoY increase from ₹2,963
RBI Releases Oct 2026 Govt Bond Auction
RBI released full auction results for four government securities totaling ₹33,000 crore of notified amount on 1 Oct 2026 in India.
Competitive bids amounted to ₹77,698.57 crore across 447 bids, with c
Medi Assist Appointed NPS Swasthya Health Benefit Administrator
PFRDA launched NPS Swasthya, integrating health protection with retirement savings under the National Pension System.
Medi Assist appointed as first Health Benefit Administrator to provide digital cla
CSL Finance Q2 Portfolio Grows 24% YoY to ₹1,596 Cr
CSL Finance reported 24% YoY portfolio growth to ₹1,596 crore with strong CAR of 41% for Q2 September 2026.
Company secured ₹285.5 crore fresh sanctions from 11 lenders including new lender Anand Rath
Moneyboxx Finance Raises ₹84 Crore Fresh Debt
Moneyboxx Finance secured ₹84 crore in new debt funding including ₹20 crore from new lender Bandhan Bank.
Total debt funding reached ₹144 crore in September from banks, NBFCs, and NCD issuances.
Fundi
MoSPI Releases July 2026 Services Production Index
MoSPI published experimental Index of Services Production for July 2026 covering 19 sub-sectors with 2024-25 base year.
Administrative and support services led growth at 20.9% YoY, while air transport
Scindia Highlights India's Digital Finance Transformation at GFF 2026
Union Minister Jyotiraditya Scindia outlined India's digital finance vision at the Global Fintech Festival, emphasizing inclusivity and trust as foundational principles.
India's broadband access grew
GSL Securities Open Offer for 26% at ₹42/Share
Mark Corporate Advisors published a Detailed Public Statement for an open offer by the Bhangdiya family to acquire 26% of GSL Securities Ltd at ₹42 per share.
The offer, triggered by a separate promot
Augmont Q1 FY27 Revenue Up 30% YoY
Augmont Enterprises reported Q1 FY27 unaudited results with revenue of ₹18,945.58 Cr, up 30% YoY, and PAT of ₹60.85 Cr.
The company operates India's largest gold platform with 50.6M users, 284 TPA ref
RBI Liquidity Absorption ₹6.2bn Sep 2026
RBI released Money Market Operations data for 18 Sep 2026, detailing volumes, rates, and liquidity positions across overnight and term segments.
Net liquidity absorption amounted to ₹6.19 trillion (‑6
RBI Publishes GS 2041, 2076 Auction Results
RBI disclosed full auction outcomes for two government securities: 7.06% GS 2041 (₹17,000 crore) and 7.43% GS 2076 (₹11,000 crore).
Competitive bids totalled ₹36,467 cr (259 bids) for GS 2041 and ₹28,
RBI Announces ₹35,900 Cr State Securities Auction
RBI released full auction results for State Government Securities on 15 Sept 2026, covering 35,900 crore rupees of notified issues in the market.
Competitive bids totaled over 70 billion rupees, with
State Govt Securities Full Auction Rs30k Cr
RBI published full auction outcomes for State Government Securities on 8 Sept 2026, detailing issues across Andhra Pradesh, Goa, Maharashtra, Punjab, Rajasthan and others.
Notified amounts ranged from
RBI Government Stock Full Auction Sep 2026
RBI announced full auction results for the new government securities series 2031 and 2066 on September 4, 2026.
Total competitive bids received amounted to ₹49,886 crore for GS 2031 and ₹34,980 crore
Thomas Cook India Launches Forex Report 2026
Thomas Cook India launched its India Forex Report 2026 analyzing forex transaction data from April 2025 to March 2026 across leisure, education and corporate travel.
Tier 2 and Tier 3 cities now contr