FINANCIAL SERVICES

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.

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.

Angel One shares rise over 4% after Q4 net profit jumps 84% to Rs 320 crore

Angel One share price gained over 4% after it reported a robust March quarter, with profits soaring 84% year-on-year to Rs 320 crore, fueled by a 13% surge in total orders to 43.1 crore and a growing client base. The company's expansion into wealth management and asset management also showed positive traction, underscoring its digital financial services evolution.

Angel One among 5 F&O stocks saw a high increase in futures open interest

Wipro Q4 net profit dips 1.9% to Rs 3,502 crore, revenue rises 8%

Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance

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.

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.

Suzlon Energy shares rally 20% in one month: Here's why it is an 'unintended beneficiary' of Iran-US war

Suzlon Energy shares have surged 20% in a month as rising power demand and reduced gas and hydro output amid the Iran-US conflict boost wind energy’s relevance. JM Financial sees the company as an unintended beneficiary, citing strong evening demand, improved execution outlook, and over 30% upside potential.

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.

HDB Financial Services shares rocket 12% on strong Q4 results, FY26 dividend. Check details

HDB Financial Services share price gained over 12% after it reported a 41% YoY rise in Q4 PAT to Rs 751 crore, driven by strong 22% growth in net interest income and improved operating performance. The board approved Rs 32,825 crore debt fundraising and a Rs 2 dividend. Asset quality weakened slightly, though margins improved. FY26 profit rose 17%, while shares remain down 12% in six months.

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.

Infosys, TCS, Wipro, other IT stocks climb up to 5%. Here's why

IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI disruption. After earlier losses due to AI and inflation worries, the sector is seeing a partial recovery, with Nifty IT emerging as a top gainer.

Full-service law firm Khaitan & Co opens office in GIFT City at Gandhinagar

Khaitan & Co has taken a significant leap by opening a new office in the Gujarat International Finance Tec-City, a pivotal point for financial services in India. Building on the momentum from their recent Ahmedabad office launch, this initiative marks a bold strategy to deepen their roots in Gujarat’s thriving economic landscape.

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.

From AI To Everything: How Anthropic is taking on tech’s old guard

AI firm Anthropic is disrupting the software market. It launched tools for legal, financial, and HR tasks, impacting partner companies. Anthropic also introduced a cybersecurity tool that scans code for vulnerabilities. This move challenges existing security vendors. Anthropic's strategy focuses on areas where its AI reasoning excels, driving enterprise productivity.

UltraTech Cement, HPCL among 5 stocks Emkay adds to model portfolio; upside seen at 118%

Financial services bear maximum brunt of late-March FPI sell-off

Financial services bore the brunt of foreign investor selling in the latter half of March, with outflows exceeding ₹60,000 crore, the highest since 2012. This broad-based selling, driven by valuation concerns and geopolitical uncertainty, saw significant withdrawals from banking, automobiles, and construction sectors.

TCS Q4 net profit jumps 12% to Rs 13,718 crore on strong deal wins, weak rupee

TCS reported a 12% net profit rise to ₹13,718 crore in Q4, exceeding expectations despite a 2.4% annual revenue decline in constant currency terms for FY26. The company saw strong AI revenue growth, crossing $2.3 billion, and secured significant deal wins, signaling a potential turnaround amidst cautious optimism.

TR Capital bets $1 billion on India, names Umang Agarwal MD

TR Capital plans to invest one billion dollars in India over the next five years. The firm has appointed Umang Agarwal as managing director to oversee its India strategy. Investments will focus on consumer, financial services, and healthcare sectors. Opportunities at the intersection of software and artificial intelligence will also be evaluated.