Category : Search result: banking and financial services


Kotak: Indian Fintech Consolidation to Accelerate by 2026

India's fintech sector is set for a major consolidation phase, driven by fragmented markets and profit pressures. Top Kotak Investment Banking executives predict a wave of mergers and acquisitions by 2026, creating fewer but stronger players.

Services PMI dips to 58.0 in Dec, job creation stalls

India's services sector expansion hit an 11-month low in December 2025 as new business growth slowed, HSBC PMI data shows. Job creation stalled, but optimism remains for 2026. Read the full analysis.

India Services Sector Growth Eases in December: PMI

India's services sector activity moderated in December 2025, with the HSBC PMI falling to 58.0. Growth was the slowest in nearly a year amid softer new business expansion. Read the full analysis.

SBI: 15,956 Cyber Fraud Cases in 22 Months

State Bank of India reported nearly 16,000 cyber fraud cases from Jan 2024 to Oct 2025, with losses exceeding ₹118 crore. Discover the state-wise breakdown and expert insights on digital banking risks.

Saudi Arabia Cuts Banking Fees, Boosts Transparency

Saudi Central Bank (SAMA) introduces a sweeping new fees guide, slashing charges for financing, cards, and digital transfers to make banking fairer and more affordable. Discover the key changes.

MUFG buys 20% in Shriram Finance for $4.4 billion

Japan's MUFG acquires a 20% stake in Shriram Finance for Rs 39,618 crore, marking the largest FDI in India's financial services sector. This strategic partnership aims to boost capital and global expertise.

India Services PMI Rises to 61.2 in November

India's services sector activity accelerated in November, with the PMI hitting 61.2. Robust new business and strong demand drove the fastest job creation in six months. Read the full analysis.

GIFT City: India's Rival to Dubai and Singapore

Discover how Gujarat's GIFT City is transforming into India's premier financial hub, challenging global centers like Dubai and Singapore with tax benefits and world-class infrastructure.

LNS Director Arrested in ₹850 Crore Fraud Case

Vedhanarayanan, a director of LNS International Financial Services wanted in a massive ₹850 crore investment scam, has been arrested at Chennai airport. Discover the full story of the financial fraud that duped thousands.

Jio Payments Bank's Rapid Network Expansion

Jio Payments Bank expanded its business correspondent network to nearly 200,000 in Q2 FY26, closing gap with Airtel Payments Bank through aggressive hiring and new product launches.

Bank Holiday: Only Sunday Closed This Week

All banks across India will remain closed only on Sunday, November 30. Check working days, Saturday schedule, and available digital banking services during holidays.

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