BANKING AND FINANCIAL SERVICES
Stocks in news: HDFC Bank, ICICI Bank, RIL, Trent, Jio Financial
Indian markets are set for a dynamic start today. Investors will closely watch the Q4 results from banking giants HDFC Bank and ICICI Bank. Reliance Industries and Jio Financial also released their earnings. Trent's board will consider a bonus issue and dividend. Geopolitical events will also influence trading. Lupin received observations from USFDA.
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
India's banking sector resilient; 11-13% credit growth for January-June likely: Survey
Indian banks anticipate robust non-food credit growth of 11-13% from January-June 2026, driven by improving balance sheets and steady economic activity. Retail and SME segments are expected to lead this expansion, while industrial credit will see a more measured recovery. Most bankers foresee a stable monetary policy stance.
Akshaya Tritiya remains proven entry point for gold investors: Motilal Oswal
Gold continues its role as a trusted asset for Indian households, blending tradition with financial security. Investors are showing increased interest in flexible gold options alongside traditional purchases. Global factors like geopolitical tensions and economic growth concerns support gold's appeal. The outlook for gold remains constructive for medium to long-term investors, with a 'buy on dips' strategy recommended.
Jio Financial Q4 net profit falls 14% as expenses spike to Rs 692 crore
Jio Financial Services saw a nearly 14% drop in March quarter net profit to ₹272 crore, despite a significant rise in total income. However, its lending arm, Jio Credit, reported a three-fold profit surge to ₹70 crore, with assets under management growing 156%. Jio Payments Bank also experienced substantial growth, with income up 11x and deposits reaching ₹544 crore.
Visa's likely to appoint Suresh Sethi as India head
Visa is reportedly appointing Suresh Sethi, former CEO of Protean eGov Technologies, as its new India country head. Sethi, with extensive experience in banking and tech, succeeds Sandeep Ghosh. This leadership transition occurs as Visa intensifies its focus on digital payments and regional partnerships, aiming for continued growth and innovation in the Indian market.
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Jio Financial Q4 Results: Cons PAT declines 14% YoY to Rs 272 crore despite 106% surge in revenue
Jio Financial Q4 Results: Jio Financial Services on Friday reported a 14% year-on-year decline in its consolidated net profit for the quarter ended March 31, 2026 at Rs 272 crore compared to Rs 316 crore in the year ago period even as revenue surged 106% to Rs 1,019 crore.
Is Anthropic's Mythos AI too powerful? Bankers and ministers get into a huddle and raise concerns - key points to know
Anthropic Mythos financial system risk: Global finance leaders are discussing Anthropic's new AI model, Claude Mythos. This advanced AI can identify system vulnerabilities. Finance ministers and central bankers are concerned about its potential impact on financial systems. Access to Mythos is restricted. Banks are urged to strengthen defenses. More such AI models are expected soon.
Nervous Indian fintechs push Anthropic for access to Mythos
One97 Communications, Razorpay Software and Pine Labs are among the Indian companies that have pushed the San Francisco-based AI developer to let them test Mythos and detect vulnerabilities on their own systems. Their requests came after Anthropic announced a limited roll-out of its latest large-language model, which it considers too dangerous to release more widely.
Life after Leonid Radvinsky: OnlyFans nears minority stake deal valuing it at $3 billion
OnlyFans is close to selling a minority stake. The deal could value the adult content platform at over three billion dollars. San Francisco-based fund Architect Capital is in advanced discussions. An agreement might be reached next month. The sale follows the death of owner Leonid Radvinsky.
Top stock picks for 2026: Defence, banks, power, and infra on Ambareesh Baliga's radar
Market analyst Ambareesh Baliga suggests a stock portfolio for the next one to five years. He highlights defence stocks like Mazagon Dock and Bharat Electronics. Banking picks include HDFC Bank and Kotak Mahindra Bank. For infrastructure, Larsen & Toubro is recommended. In power, Tata Power, NTPC, and REC Limited are favored. These sectors are seen as well-positioned amid global uncertainty.
Arohan Financial plans to file for IPO within a month
Microfinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary issue and ₹800 crore offer for sale. This move follows a recovery in the microfinance sector after significant asset quality stress over the past two years.
ET Family Business Awards: Muthoot FinCorp's journey from a modest Kerala based player to a national giant
Muthoot FinCorp, a family business with roots tracing back to 1887, has evolved into a nationwide financial services player, earning the ET Family Business of the Year-Large award. The company's success is attributed to its diversification, digital transformation, and expanded credit access, reflecting nearly 140 years of growth and adaptation.
Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPO
Arohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With better asset quality, stable growth outlook, and recovering loan portfolios, the company aims to capitalise on renewed investor confidence.
US-based fintech Candescent bets on India for product development
Candescent, a US-based fintech, is doubling down on the India market and expanding to three cities: Hyderabad, Mumbai, and Bengaluru. The company’s India headcount stands at 1,000, which is half its overall workforce. Two-thirds of its engineering resources and 80% of its designers are also in India.
Earnings may drop but opportunity bigger; Vikas Khemani makes bullish call on India markets
Indian markets are rallying after a sell-off. Vikas Khemani of Carnelian Asset Management believes India's investment case remains strong. He sees short-term earnings disruptions as opportunities. Khemani has increased exposure to banking, financial services, and aviation. He also believes the narrative around Indian IT is exaggerated, with AI presenting new opportunities.
HDB Financial shares rally 12%. What Jefferies, Morgan Stanley analysts recommend
HDB Financial Services surged over 12% after reporting strong Q4 FY26 results, with profit up 41% and NII rising 22%. Brokerages including Jefferies, Morgan Stanley, Emkay Global, JM Financial and Motilal Oswal issued mixed but largely positive views, citing improved asset quality, stable margins and moderated credit costs.
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff. Major accumulation was seen in HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, and Axis Bank. HDFC Bank emerged as the top pick across leading mutual fund houses, according to Prime Database estimates.
Could you be affected? Millions could lose bank access — here’s what you need to know
Over 5% of U.S. households already lack full banking access, and the Trump executive order debanking millions Americans impact could sharply increase that number. The proposal pushes banks to verify citizenship for every account holder. This move directly affects millions with missing or outdated documents. Experts warn sudden account checks may trigger closures. The policy ties to stricter immigration enforcement in 2025. However, critics say it may disrupt legal citizens more than illegal activity. This developing rule is now a major financial risk story.
India’s gig economy boom must start working for the women behind it
Female gig workers face challenges like limited mobility and financial access. Initiatives providing affordable asset finance and tailored savings products are crucial. These interventions empower women, increasing their income and job opportunities. Scaling these solutions can unlock the full potential of India's female gig workforce, fostering economic security and inclusivity for a brighter future.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
Don’t file blind: Key documents you need for successful IRS tax relief
IRS tax relief needs proper documents to show your money situation clearly. You must share income, expenses, assets, and tax records to apply. Each relief option may ask for different details. Missing papers can slow or reject your request. Staying organized and giving correct information helps your application move faster and improves your chances of getting tax relief from IRS.
NFO Alert: SBI Mutual Fund launches two constant maturity index funds in financial services
SBI Mutual Fund has launched two new passive debt index funds, targeting short-term investment needs in the financial services sector. These funds, SBI CRISIL‑IBX Financial Services 3–6 Months Debt Index Fund and SBI CRISIL‑IBX Financial Services 9–12 Months Debt Index Fund, offer transparent, low-cost solutions. The NFO is open until April 20, with a minimum investment of Rs 5,000.
These 10 private and public banking stocks have an upside potential of up to 30% in one year, according to analysts
As far as fundamentals are concerned, most banks have continued to show improvement on critical parameters like NPAs. But if inflation rises and impacts credit growth (which has been an area of some concern), these stocks could take a hit. Now, why we are talking about inflation is obvious: Rising crude oil prices. That’s bad news for the Indian economy and the markets. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Bank stocks under pressure as analysts trim earnings, targets on NIM concerns
Analysts have cut FY27 earnings forecasts and target prices for banks, citing sustained pressure on net interest margins due to high funding costs and slowing deposit growth, even as credit demand remains strong.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%
It is tough to think positively about the markets when all the news is about blockades, wars, and everything that can disturb the global economy. But remember this: Whatever its intensity or length, there is enough historical evidence to show that markets have a greater probability of trading at a higher level a few months after a war. And no war in the Gulf has dragged on. So, all one needs is patience – and the ability to think beyond the war.
Net sales of non-financial private companies rise 11.4% in FY25: RBI data
The Reserve Bank's recent statistics reveal that net sales for non-financial private firms surged by 11.4 percent in 2024-25. This reflects a minor slowdown compared to last year. The services sector thrived, fueled by robust trade and thriving real estate activities. Meanwhile, the growth rate in manufacturing sales has cooled off.
What are Money mule accounts? Australia’s financial intelligence regulator targets financial crime vulnerabilities in foreign-owned banks
Australia's financial intelligence unit, AUSTRAC, has uncovered significant control and reporting issues within foreign-owned banks. Reviews revealed low reporting of suspicious activities in bank branches. Furthermore, foreign bank subsidiaries showed a high exposure to money mule accounts. These accounts are used by criminals to launder illicit funds, making it harder for law enforcement to trace money trails.
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