Sector / Industry News › Sub-category
Financial Services
24 articles
Financial services companies demonstrated varied performance and strategic shifts. ICICI Bank addressed potential conflicts arising from Prudential's acquisition of a stake in Bharti Life Insurance through a Letter of Undertaking, pending regulatory approval. Meanwhile, German banks are expanding crypto trading services to retail customers, while CreditAccess Grameen reported record Q1 disbursements and improved asset quality. Additionally, ICRA Limited reported strong FY26 results, including an 11% profit growth and a significant acquisition of Fintellix, while CarTrade Tech saw a 68% increase in FY26 profit. These developments highlight the evolving landscape of the financial sector, balancing innovation with regulatory considerations and demonstrating resilience amidst changing market dynamics.
ICICI Bank Prudential Undertaking on Insurance Stake
ICICI Bank entered a Letter of Undertaking with Prudential regarding rights in their insurance joint venture ICICI Prudential Life.
The agreement addresses Prudential's planned acquisition of a 75% st
German Banks Expand Crypto Services to Millions
German cooperative banks have begun offering crypto trading via a DZ Bank‑developed platform, allowing retail customers to buy Bitcoin, Ethereum, Litecoin, Cardano.
DekaBank plans to launch a similar
FPIs AUC Drops to $94.6M June 30 2026
FPIs total AUC fell slightly from $94.68 million on June 15 to $94.60 million on June 30, 2026.
Net investment was $94.68 million in the first half of June and $94.60 million in the second half.
Secto
CreditAccess Grameen Q1 FY27 Disbursements Hit Record
CreditAccess Grameen reports provisional Q1 FY27 business update with Gross Loan Portfolio reaching ₹30,319 crore, up 16.4% YoY.
Company achieved highest-ever Q1 disbursements of ₹6,107 crore, a 11.9%
ICRA Limited BRSR Report FY 2025-26
ICRA Limited submitted its mandatory Business Responsibility and Sustainability Report for FY 2025-26 to BSE and NSE, prepared on a consolidated basis covering itself and subsidiaries.
The report disc
ICRA Limited FY26 Results: 11% Profit Growth, ₹105 Dividend
ICRA reported 11% YoY growth in consolidated net profit to ₹182.5 crore with revenue increasing 20% to ₹599.5 crore for FY2025-26.
The company declared a final dividend of ₹105 per share including a s
Aditya Birla Sun Life AMC FY26 BRSR Report
Aditya Birla Sun Life AMC submitted its mandatory Business Responsibility and Sustainability Report for FY 2025-26 to BSE and NSE, covering ESG performance.
The company reported ₹1,830.73 crore turnov
PM Modi Greets Chartered Accountants on CA Day
Prime Minister Narendra Modi extended greetings to the Chartered Accountant fraternity on Chartered Accountants' Day.
He acknowledged CAs as trusted partners in India's economic journey who strengthen
BLS E-Services Acquires Atyati Technologies for ₹157 Crore
BLS E-Services completed 100% acquisition of Atyati Technologies for ~₹157 crores in all-cash transaction.
Acquisition strengthens AI-driven banking solutions and expands network to 25,900+ CSPs acros
VP Radhakrishnan Addresses ICAI 78th Chartered Accountants Day
Vice President C.P. Radhakrishnan addressed ICAI's 78th Chartered Accountants Day, calling CAs 'Ambassadors of Trust' in India's economic development.
He urged ICAI to maintain rigorous examination st
Intellect Dominates IBSi 2026 with 8 #1 Rankings
Intellect Design Arena announced its #1 ranking in 8 categories of the IBSi 2026 Sales League Table based on 1,347 global tech deployments.
The company secured 173 global contract wins across 29 count
India's GST Completes Nine Years with Major Reforms
Government publication highlights nine-year GST journey, detailing its transformation from 17 taxes into unified system with 1.65 crore taxpayers.
Next-Gen GST reforms implemented two primary slabs (5
CarTrade Tech FY26 PAT Up 68% to ₹244 Crores
CarTrade Tech reported FY26 PAT of ₹244 Cr, a 68% YoY increase, with 50%+ YoY EBITDA growth for 12 consecutive quarters.
The Consumer Group revenue grew 30% YoY to ₹308 Cr, driven by new AI products l
KFin Technologies Reports 19.3% FY26 Revenue Growth with Global Expansion
KFin Technologies reported FY26 revenue growth of 19.3% to ₹13,014.9 Mn with international business contributing 12.2% following Ascent Fund Services integration.
Net profit increased 3.3% to ₹3,437.1
RBI Governor Sanjay Malhotra Inaugurates CAFRAL Campus
RBI Governor Shri Sanjay Malhotra inaugurated the new CAFRAL campus in Mumbai on June 23, 2026.
CAFRAL aims to become a global centre of excellence in banking, finance, and macroeconomics, supporting
India Govt Issues ₹28,000 cr GS Underwriting Auction
Government of India announced re‑issue of ₹28,000 crore of government securities via underwriting auction on 25 June 2026.
Two securities offered: 6.68% GS 2040 (₹17,000 cr) and 7.43% GS 2076 (₹11,000
RBI Announces ₹32,000 Cr Government Bond Full Auction
RBI released full auction results for four government securities totalling ₹32,000 cr covering maturities 2029‑2056.
Competitive bids received ₹98,516.66 cr from 470 bids; RBI accepted ₹31,969.90 cr a
RBI SGS Auction Raises ₹20,461.29 Cr
RBI conducted a yield/price based auction of state government securities on June 16, 2026, targeting ₹21,600 crore.
Total amount accepted was ₹20,461.29 crore, with full subscription except partial ac
Unifinz Capital India FY26 Revenue Surges 321%, Zero NPAs
Unifinz Capital reported 321% revenue growth to ₹511.57 crores and 335% PAT increase to ₹87.14 crores for FY 2025-26.
Company achieved zero Gross and Net NPAs as of March 31, 2026, a complete reversal
RBI Announces ₹10,200 Cr State Securities Auction
RBI released full auction results for multiple State Government Securities on June 9, 2026, covering ₹10,200 crore of notified issues.
Cut‑off yields ranged from 7.44% to 7.83% with most issues priced
SG Finserve FY26 PAT Rises 58%, AUM Up 75%
SG Finserve reported 58% YoY PAT growth to ₹128 crore with 75% AUM expansion to ₹3,936 crore while maintaining zero NPAs.
The company transitioned to specialized MSME supply chain financing, secured R
Raama Finance FY26 PAT at ₹3.24 Cr, 30x Revenue Growth
Raama Finance Limited filed its FY26 investor presentation with BSE, reporting audited standalone financial results for Q4 and year ended March 31, 2026.
Company achieved total income of ₹12.13 Cr (30
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
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