financial services

Gandhinagar, March 19 – A financial hub envisioned by Prime Minister Narendra Modi nearly two decades ago has now taken shape, with GIFT City beginning to compete with global centers such as Singapore, Dubai, London, and New York, Gujarat Deputy Chief Minister Harsh Sanghavi said on Thursday...

Gandhinagar, March 19 GIFT City now competes directly with financial hubs like Singapore, Dubai, London, and New York, and has become a center for realizing the dreams of millions of young people in India, said Gujarat Deputy Chief Minister Harsh Sanghavi on Thursday.The success of Gujarat...

New Delhi, March 19 Shubham Housing Development Finance, a provider of affordable housing finance, has raised USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and others, including Creador.The transaction strengthens Shubham's future growth with a strong...

New Delhi/Mumbai, March 19 HDFC Bank's non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics" – a ground that the management of the country's second-largest lender said was baffling, as the former bureaucrat offered no specific instance despite...

New Delhi, March 19 IT major Wipro announced on Thursday the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients.The new facility will...

New Delhi, March 18 NBFC firm Paisalo Digital Ltd announced on Wednesday that its proposed Rs 1,500 crore non-convertible debenture (NCD) has received a 'AA/Stable' rating from Brickwork Ratings.The rating agency has assigned a long-term rating of "BWR AA /Stable" for the company's proposed Rs...

New Delhi, March 17 Financial services firm Navi announced its entry into the motor insurance segment on Tuesday with the launch of a fully digital, commission-free offering for cars and two-wheelers.The direct-to-customer product, available on the Navi app, eliminates intermediary commissions...

New Delhi, March 17 The initial public offer of manpower and toll plaza management services provider Innovision Ltd was subscribed 3.32 times on the final day of the share sale on Tuesday.Innovision Ltd had last week extended the closing date of its initial public offering (IPO) to March 17...

New Delhi, March 16 PNB Housing Finance announced a partnership with India Mortgage Guarantee Corporation (IMGC) on Monday to provide responsible access to home loans for the affordable housing segment.The partnership will enable PNB Housing to offer its affordable home loans through IMGC's...

New Delhi, March 16 With the aim of strengthening the investment advisory ecosystem, the markets regulator, Sebi, is working on a series of measures, including a standardized, light-touch penalty structure, a digital regulatory guidance platform, and a common advertising code, its chairman...

Mumbai, March 13 Shriram Life Insurance expects to end the 2025-26 fiscal year with around 20 per cent growth, even as regulatory changes weigh on the sector, a top official said on Friday.The company will be looking for more partnerships with banks to strengthen its distribution, managing...

New Delhi, March 12 Innovision Ltd, a company providing manpower and toll plaza management services, extended the closing date of its initial public offering (IPO) to March 17 and reduced the price band, following a lackluster response from investors.The IPO, which opened for subscription on...

Bengaluru, March 12 Fexo, an AI intelligence platform focused on the BFSI sector, announced on Thursday the launch of its proprietary AI decisioning engine for business loans.The new system is designed to help banks, NBFCs, and financial services providers accelerate the adoption of AI across...

New Delhi, March 12 Financial Services Secretary M Nagaraju chaired a meeting with major non-banking financial companies (NBFCs) on Thursday, the finance ministry said."The engagement with NBFCs was aimed at fostering an open exchange of ideas on specific issues. Detailed discussions with...

Chennai, March 12 South Indian Bank, a private sector bank in South India, has launched Employee Provident Fund payment services through its internet banking platform, SIBerNet, in collaboration with the EPFO, a top official said on Thursday.The integration with the Employees' Provident Fund...

New Delhi, March 11 HDFC ERGO General Insurance Company appointed Parthanil Ghosh as Managing Director and Chief Executive Officer (CEO) of the company on Wednesday.The company's board approved Ghosh's elevation to MD&CEO from Executive Director earlier in the day, HDFC ERGO General Insurance...

New Delhi, March 11 The initial public offering (IPO) of Innovision Ltd, a manpower and toll plaza management services provider, received a subscription of 12 per cent on the second day of bidding on Wednesday.The IPO, worth Rs 322.84 crore, received bids for 7,14,258 shares, against 61,32,433...

New Delhi, March 11 IT major Wipro announced on Wednesday that it has secured a multi-year contract from TruStage, a US-based insurance and financial services provider, to digitally transform its business operations.The AI-powered, consulting-led engagement aims to modernize TruStage's...

New Delhi, March 11 In a move aimed at easing compliance requirements, the market regulator, Sebi, relaxed certification norms for Persons Associated with Research Services (PARS) on Wednesday, allowing sales staff, relationship managers, and other non-research personnel to qualify through a...

New Delhi, March 11 Fintech platform CRED announced on Wednesday that it has received final authorization from the Reserve Bank of India to operate as a payment aggregator.With this, CRED and its subsidiaries now hold two Reserve Bank of India (RBI) authorizations, including the Prepaid...