Sector / Industry News › Sub-category
Financial Services
22 articles
India’s financial services sector demonstrates a mixed performance, with some companies experiencing growth while others face challenges. QGO Finance reported a 10% increase in net profit, driven by revenue growth and maintained zero NPAs, while BFL Asset Finvest reported a net loss due to market volatility. Regulatory progress continues, with the government streamlining business approvals and simplifying GST, alongside advancements in financial inclusion, including a rise in the RBI's Financial Inclusion Index and increased UPI transaction volumes. These developments highlight the sector's resilience and ongoing efforts to foster growth and accessibility, though investors should monitor the varying performance of individual companies and broader economic conditions.
QGO Finance FY26 Net Profit Rises 10% to ₹3.37 Cr
QGO Finance reported FY26 net profit of ₹3.37 Cr, up 10% YoY, with revenue growing 11.15% to ₹18.26 Cr and maintaining zero NPAs for sixth consecutive year.
The loan book expanded 16.7% to ₹116.46 Cr
State Govt Securities Auction ₹20,200 Cr Result
RBI released full auction results for state government securities on 18 Aug 2026, covering 20 issues with total notified amount of ₹20,200 crore.
Cut‑off yields ranged from 7.16 % (Odisha SGS 2032) to
Vantage Introduces 24/7 Gold CFD Trading
CME Group reported nearly 15,000 one‑ounce gold futures contracts (~US$60 million notional) traded during its inaugural weekend 24/7 session.
Vantage Markets launched XAUUSD247, a 24‑hour, seven‑day g
BFL Asset Finvest Reports FY26 Loss, Deteriorating Ratios
BFL Asset Finvest reported a net loss of ₹5.58 crore for FY26 versus a profit of ₹1.24 crore in FY25 due to market volatility and investment valuation fluctuations.
Key financial ratios deteriorated s
India Ease of Doing Business Reforms Progress Report
Government reports major progress in business reforms including 8.29 lakh approvals through National Single Window System and 2.47 lakh DPIIT-recognized startups.
MSME support initiatives show signifi
India Financial Inclusion Progress Report 2026
India's RBI Financial Inclusion Index reached 70.0 in March 2026, up from 43.4 in 2017, showing broad-based improvement.
PMJDY scheme has enabled banking access with 89% account ownership and ₹52.89 l
India Ease of Doing Business Reforms Progress Report
Government reports significant progress in business reforms with National Single Window System granting 8.29 lakh approvals and Udyam MSME registrations reaching 9.27 lakh.
Credit support schemes show
India Financial Inclusion Progress Report 2026
India's RBI Financial Inclusion Index reached 70.0 in March 2026, up from 43.4 in 2017, showing broad-based progress across access, usage and quality dimensions.
PMJDY accounts reached 1.11 crore new
Veefin and NSIA Group Partner for West African SCF
Veefin Solutions partners with NSIA Group to deploy Supply Chain Finance platform across five West African banking subsidiaries.
Partnership enables Reverse Factoring and Factoring programs to address
Qatar Post Launches UPI-Based India Remittance Service
Qatar Post and India Post launched PosTransfer UPI remittance service on August 15, 2026, enabling instant money transfers to India.
Transactions range from QAR 10 to 4,000 with QAR 15 fee per transac
Ad-Manum Finance AGM Approves ₹186 Crore Related Party Transactions
Ad-Manum Finance held its 40th AGM to approve FY26 results with ₹13.69 crore revenue and ₹10.67 crore net profit, while confirming key director appointments.
The company seeks shareholder approval for
WSFx GlobalPay Q1 FY27 Revenue Up 28% YoY
WSFx Global Pay Limited reported Q1 FY27 results with revenue from operations up 27.57% YoY to ₹23.23 Cr and PBT surging 255.63% to ₹0.58 Cr.
The company highlighted the structural growth opportunity
Finance Minister Interacts with PM Internship Scheme Participants
Finance Minister Nirmala Sitharaman interacted with 86 PM Internship Scheme participants from 24 companies to discuss their experiences.
The scheme bridges classroom-industry gap by providing practica
Capital India Finance FY26 Profit Surge from Subsidiary Sale
Capital India Finance reported FY26 standalone net profit of ₹40.36 crore, significantly boosted by a ₹97.92 crore exceptional gain from divesting its housing finance subsidiary.
The company convened
NITI Aayog Releases Professional Services Regulatory Report
NITI Aayog launched a report assessing India's regulatory framework for professional services and benchmarking it against foreign jurisdictions.
The report identifies key challenges and proposes a fou
Shriram Finance Receives ESG Leader Rating 74
Shriram Finance received an independent ESG Rating of 74 (Leader category) from NSE Sustainability for FY 2026.
The rating comprises Environmental (66), Social (79), and Governance (73) scores based o
Wealth First Q1 FY27 Revenue Rs 14.3 Cr, PAT Rs 10.4 Cr
Wealth First Q1 FY27 revenue from operations was Rs 14.3 crore with PAT of Rs 10.4 crore, impacted by reduced trading income and new business investments.
Acquired Wealth First Advisors for Rs 52.1 Cr
Niyogin Q1 FY27 Net Loss of ₹5.0 Cr on Softer Performance
Niyogin Fintech reported a consolidated net loss of ₹5.0 Cr in Q1 FY27, with iServeU's EBITDA turning negative at ₹(0.5) Cr due to lower UPI volumes and device deployments.
The NBFC business remained
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
FPIs AUC & Net Investment July 2026
Total AUC of FPIs across all sectors reached INR 78,04,857 crore (≈ USD 96 mn) as of July 31 2026.
Net investment in July 2026 was INR 7,36,566 crore, translating to USD 95.4 mn, with a slight decline
HSBC India Services PMI Growth Slows to 53.3
HSBC India Services PMI fell to 53.3 in July from 57.4 in June, marking the weakest growth rate in 53 months due to softer demand and competitive pressures.
New export orders remained a bright spot wi
RBI Government Stock 2036 Full Auction 34,000Cr
RBI announced full auction results for 6.94% Government Stock maturing 2036 with notified amount of ₹34,000 crore.
Competitive bids totaled 432 applications amounting to ₹85,565 crore, with 152 bids a