Financial Services
Latest news, explainers and analysis on Financial Services. Tracking 27 stories on Arth Vani.
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Latest on Financial Services
AvenuesAI Eyes NBFC Stakes for 'Liability-Light' Credit Growth
AvenuesAI is adopting a 'liability-light' strategy to expand its credit business by acquiring minority stakes in Non-Banking Financial Companies (NBFCs). This approach aims to leverage existing NBFC infrastructure and customer bases without the burden of significant debt.
Fintech HelmGuard Secures ₹60 Crore Funding for AI-Driven Compliance Platform
HelmGuard, a financial technology firm, has successfully raised $7.3 million (approximately ₹60 crore) in seed funding. This capital will be used to advance its AI-powered platform, designed to automate governance, risk, and compliance (GRC) functions for highly regulated sectors, including financial services.
BreakingNBFC Gold Loans Surge 68.5%, Consumer Durable Loans Jump 51.5% in July: RBI
Non-Banking Financial Company (NBFC) gold loans saw a significant 68.5% year-on-year increase in July, while consumer durable loans grew by 51.5% during the same period, according to recent data from the Reserve Bank of India (RBI). This growth highlights increasing demand for quick credit solutions and discretionary spending among Indian consumers.
OnEMI Infuses ₹637.50 Crore Capital into NBFC Subsidiary Si Creva Capital
OnEMI Technology Solutions has approved a significant capital infusion of ₹637.50 crore into its Non-Banking Financial Company (NBFC) subsidiary, Si Creva Capital Services. This move is expected to bolster Si Creva's financial strength, enhance its lending capacity, and support its growth initiatives in the Indian market.
BMO Completes Sale of 138 US Branches to First Citizens Bank
BMO Financial Group announced on September 4, 2026, the completion of its previously planned sale of 138 US bank branches to First Citizens Bank. This transaction involves branches primarily located in North Dakota and South Dakota, signifying a strategic consolidation within the American banking landscape.
Transamerica Bolsters US Retirement Distribution Leadership with Key Appointments
Transamerica, a prominent US financial services firm, has strategically appointed Danny Kling and Kevin Murphy to key leadership roles within its Retirement Distribution team. These additions, announced on September 3, 2026, aim to strengthen the company's expertise and capabilities in delivering retirement solutions to clients. Both leaders bring extensive industry experience to their new positions.
Manulife Prices US$750 Million Subordinated Notes Offering at 6.146% Yield
Manulife Financial Corporation, a major Canadian insurer, has announced the pricing of a US$750 million public offering of subordinated notes in the United States. These notes will carry an interest rate of 6.146% and are a common way for large financial institutions to raise capital.
New LaunchFIS and Ericsson Partner for Faster Wallet-Led Financial Services
Financial technology provider FIS is collaborating with Ericsson to simplify the launch of wallet-led financial services. This partnership aims to reduce integration complexities for organizations looking to offer such services.
Google Cloud Unveils AI Platform for Finance Professionals; Deutsche Bank an Early Adopter
Google Cloud has launched a specialized agentic AI platform designed for financial professionals, aiming to enhance efficiency and decision-making. Deutsche Bank is among the first major financial institutions to adopt this new AI technology.
Shriram Finance Saves ₹64-86 Crore on ₹10,790 Crore Overseas Loan Post Credit Upgrade
Shriram Finance has significantly reduced its borrowing costs by ₹64.74 crore to ₹86.32 crore annually on a ₹10,790 crore ($1.3 billion) overseas syndicated loan. This saving, equivalent to 60-80 basis points, was achieved through a 'rate reset clause' in its loan agreement, triggered by an improved credit rating.
BreakingNifty's Price-to-Book Ratio Hits 6-Year Low, But Market May Not Be Cheap
The Nifty 50 index's price-to-book ratio has fallen below 3 for the first time in six years, a significant drop primarily driven by challenges in the banking and financial services sector. While a low ratio can suggest undervaluation, experts caution that investors should now focus more on a company's future earnings potential rather than just this metric.
AI & Automation Drive Top Private Banks to Cut 10,000+ Jobs in FY26
India's top 10 private banks are set to reduce their workforce by over 10,000 jobs in the fiscal year 2025-26 (FY26). This significant move is primarily driven by the accelerated deployment of Artificial Intelligence (AI) and automation technologies, reshaping the employment landscape within the banking sector.
Axis Bank Shifts Corporate Banking Focus Beyond Loans to Boost Fee Income
Axis Bank is strategically broadening its corporate banking services, moving beyond traditional lending to focus on diverse fee-based offerings and attracting low-cost deposits. This shift aims to strengthen its revenue streams and reduce reliance on interest income, securing a more stable financial future for the bank.
New LaunchSynchrony Launches ChatGPT Plugin to Help Shoppers Find Savings and Offers
US-based consumer financial services firm Synchrony has introduced a new ChatGPT plugin designed to assist shoppers in discovering savings and exclusive offers from its marketplace. This development highlights the growing trend of integrating artificial intelligence into financial services to enhance customer experience and provide value.
Cboe Global Markets Hikes Quarterly Dividend by 19% to $0.86 Per Share
Cboe Global Markets, a prominent global operator of financial exchanges, announced a significant 19% increase in its quarterly cash dividend to $0.86 per share. This marks the 16th consecutive year the company has raised its dividend, underscoring its consistent financial performance and commitment to shareholder returns.
Synchrony Appoints Nimrod Barak as Chief AI Officer, Elevating AI Focus
Synchrony, a prominent consumer financial services company, has announced the appointment of Nimrod Barak as its new Chief AI Officer. Effective June 30, 2026, Barak will lead the company's enterprise-wide Artificial Intelligence strategy and execution, aiming to accelerate innovation across its services.
BreakingUPI Payments Remain Free for Users; Select Merchant Transactions May See Nominal MDR
The government has confirmed that UPI payments will continue to be free for Indian consumers. While most merchant transactions will also remain free, a nominal Merchant Discount Rate (MDR) may be introduced for a limited number of high-value merchant transactions in the future.
BreakingIndian Microfinance Sector Shrinks 4% to ₹3.26 Lakh Crore Amid Uneven Monsoon
India's microfinance sector experienced a 4% contraction in its loan portfolio, settling at ₹3.26 lakh crore by the end of June. This downturn, observed in the first quarter of the current financial year, is primarily attributed to an erratic monsoon season which has dampened rural demand and led to increased caution among lenders. The slowdown comes after a period of recovery and highlights the microfinance sector's sensitivity to agricultural conditions and rural economic health.
Jio Financial Services Shares See Favorable Market Movement
Jio Financial Services (JFS) shares experienced positive market movement, indicating investor interest in the newly listed entity. This development is being closely watched by market participants and retail investors.
Sun Life Financial Appoints Katherine Lee to Board of Directors, Effective July 2026
Sun Life Financial Inc., the global financial services giant and parent company behind Aditya Birla Sun Life entities in India, has announced the appointment of Katherine Lee to its Board of Directors. This key governance change is set to take effect from July 31, 2026, bringing a seasoned financial executive to the company's leadership.
Global Institutional Investors Join Israel's Phoenix Financial; Affinity Partners Retains Largest Stake
Affinity Partners announced on July 27, 2026, that a select group of leading global institutional investors have acquired stakes in Israeli firm Phoenix Financial. This move aims to strengthen Phoenix Financial's ownership base and broaden its international reach, with Affinity Partners remaining its largest shareholder.
Blackstone CEO Addresses Growing Community Concerns Over AI
Blackstone's CEO has confirmed the firm is engaging with community concerns regarding Artificial Intelligence. While the source does not detail specific initiatives or the exact nature of these concerns, the statement underscores the broader industry focus on the societal impact and ethical deployment of AI technologies.
Coinbase Secures UK License for Stocks & Derivatives, Expanding Beyond Crypto
Global crypto exchange Coinbase has received a license in the UK to offer traditional financial products like stocks and derivatives, in addition to its existing cryptocurrency services. This move signifies a major expansion for Coinbase into mainstream finance, potentially setting a precedent for other crypto firms.
UN Chief Warns AI Outpacing Rules: What It Means for India
UN Secretary-General Antonio Guterres has issued a global warning that Artificial Intelligence (AI) is developing faster than regulations can keep up. This urgent call for international rules highlights potential future impacts on India's financial services, job markets, and data security, affecting everyday consumers.
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