The survey was conducted in December 2024 and drew responses from leading economists representing industry, banking and financial services sector.

FICCI Lowers India’s Growth Projection To 6.4% For Current Financial Year

Equity markets rise with insurance and financial stocks leading gains, Nifty Bank and Nifty Financial Services indices show growth.

Markets hold gains led by insurance stocks; Hindenburg disbanding in focus

Sunil Subramaniam believes the upcoming Budget will boost consumption and is optimistic about the savings and investment segment rallying within the banking and financial services industry. The RBI policy on February 6 will also be significant in shaping investment decisions. Post-Budget, financial services and capital market infrastructure are expected to lead the market rally.

Market will rally a week after Budget & BFSI will lead it: Sunil Subramaniam

Similarly, Nuvama has given a “Buy” rating to BSE Ltd, highlighting its strong revenue and profit growth, significant market expansion opportunities, and operational efficiencies, which make it a robust player in the financial services sector.

Stocks to buy today: Brokerages see over 20% upside in Devyani International, BSE & Dixon Technologies

India’s benchmark indices ended lower on Thursday, weighed down by financial and IT stocks amid foreign fund outflows. Investor caution ahead of December quarter earnings and concerns over limited US rate cuts fueled bearish sentiment. Nifty Financial Services fell 0.8%, Nifty Bank 0.6%, and Nifty PSU 1.2%. IT stocks dropped 1.2%, with Coforge and Wipro sliding 2.8% and 1.7%, respectively.

Market Wrap: Banks, IT stocks weigh on D-Street; Sensex skids 528 points, Nifty below 23,600

Financial Services Secretary urges fintech innovation, regulatory compliance, and global standard elevation in the financial services industry.

DFS Secy urges fintechs to deliver innovative solutions, adhere to strict regulatory compliance

Mutual funds focused on the bank and financial services sector have lagged, posting an average return of approximately 11.28% in 2024. A total of 18 such funds were active during this time. Of these, 11 funds reported double-digit returns, while 7 saw single-digit returns. The top performer in this category was Invesco India Financial Services Fund, which achieved a return of 19.62%, followed closely by SBI Banking & Financial Services Fund with a return of 19.12%.

Bank, financial services MFs lagged in 2024. Will the new year be better?

Once again the RBI has issued warnings to banks and NBFCs to mend their ways. It is not the first time this has happened, nor will it be the last. The RBI is doing its job, which is to ensure that credit growth is orderly and does not lead to a crisis as everyone goes overboard to lend. This is not to say that there are no bad apples in the financial services sector. But painting all companies with the same brush achieves little. It would be wrong to compare an NBFC which is focused on rural lending for the last two decades with one that is into unsecured lending in urban areas. While both are NBFCs, their operating matrices are different. And just because the second is under the lens, should the first also be punished?

Don’t paint all of them with RBI’s brush: 7 stocks in the financial services sector with upside potential of up to 51%

Kotak Mutual Fund filed a draft document to launch Kotak Crisil-IBX AAA Financial Services Index – Dec 2026 Fund. This is an open-ended sectoral target maturity debt index fund investing in AAA rated financial services sector securities maturing in December 2026. The fund will be managed by Abhishek Bisen and will track the CRISIL-IBX AAA Financial Services Index – Dec 2026.

Kotak Mutual Fund files draft document with Sebi for target maturity fund

Strong second-quarter earnings from India’s banking and financial services industry (BFSI) are attracting investors, with brokerages bullish on large banks and NBFCs. Despite a recent market dip, experts predict a rally once the Reserve Bank of India begins cutting interest rates. Analysts highlight banks’ robust profits, stabilizing interest margins, and the potential for growth in the sector.

BFSI’s 15% YoY Q2 earnings growth outperforms Nifty handsomely. HDFC Bank, ICICI Bank among analysts top bets

Motilal Oswal Financial Services sets a target price of Rs 4,500 for BSE. BSE, a small-cap company, operates in the financial services sector. The company’s recent performance shows significant growth in total income and net profit. Motilal Oswal has raised its earnings estimates for BSE. The brokerage maintains a neutral rating on the stock.

Neutral on BSE, target price Rs 4,500: Motilal Oswal Financial Services

Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies.

Nifty Financial Services Index

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