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IIFL Capital Services

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Banking, Fintech & Insurance 17 Oct 2026, 05:00 PM IST

Fairfax Plans to Fold Digit and IIFL Capital Under IDBI Bank in Sweeping Financial Services Restructuring

Fairfax Financial Holdings is preparing to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, a move that could create a diversified financial-services platform spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax’s selection as the strategic buyer for a 60.72% stake in IDBI Bank for about Rs 52,878 crore, underscoring its intent to build a broader India-focused financial franchise.

By RDU Global Wire4 min read
Macro Economy & Fiscal Policy16 Oct 2026, 03:40 AM IST

IIFL Finance Q2 Profit Nearly Doubles to Rs 805 Crore as AUM Climbs 38%

IIFL Finance reported a sharp jump in second-quarter profit after tax to Rs 805 crore, nearly doubling from the year-ago period, as stronger operating leverage and lower loan losses lifted earnings. Assets under management rose 38% to Rs 1.24 lakh crore, supported primarily by robust growth in gold loans.

4 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 05:00 PM IST

Foreign Capital Pours Into Indian Finance as Global Giants Target ₹1.32 Lakh Crore Opportunity

Canada’s Fairfax Financial Holdings, Japan’s Mitsubishi UFJ Financial Group and UAE lender Emirates NBD have recently deepened their exposure to India’s financial sector, underscoring a sharp rise in foreign appetite for domestic banking and lending assets. The combined wave of acquisitions and strategic investments points to a market that global institutions increasingly view as one of the most attractive growth stories in Asia.

5 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 02:01 PM IST

Banks Seek RBI Clarification on Forex Measures as Lenders Flag Liquidity and Capital Questions

Indian banks have sought detailed clarification from the Reserve Bank of India on the implementation of its new foreign exchange support measures, according to people familiar with the matter. Lenders want guidance on how to calculate the foreign exchange risk reserve, whether the treatment of cash reserves affects liquidity ratios, and how the measures will influence customer pricing and exposure limits.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 01:35 PM IST

DBS Chief Sees Overseas Confidence in India Despite Capital Outflow Pressures

DBS Bank chief executive Tan Su Shan said strong demand for FCNR(B) deposits points to continuing overseas confidence in India, even as foreign selling has weighed on the rupee. She argued that India’s growth prospects, digital infrastructure and appeal as a destination for foreign direct investment remain intact. Tan also said policymakers should keep pushing exports and FDI to help stabilise the currency over time.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 12:54 PM IST

Supreme Court Ruling Deals Heavy Blow to Yes Bank’s Capital Buffer

Yes Bank is assessing the financial fallout after a Supreme Court ruling overturned the earlier write-down of more than $800 million linked to additional Tier-1 bonds, a decision that could materially weaken the lender’s Common Equity Tier-1 capital buffer. Analysts say the verdict may pull the bank’s CET1 ratio down to roughly 11% to 11.5%, intensifying scrutiny over its capital position and balance-sheet resilience.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 11:11 AM IST

HDFC Capital, Shalimar Launch Rs 750 Crore Uttar Pradesh Property Platform

HDFC Capital Advisors and Shalimar Corp have formed a Rs 750 crore real estate development platform aimed at residential and mixed-use projects in Uttar Pradesh, with an initial focus on Lucknow and Varanasi. The venture is expected to support more than 5 million sq ft of development potential and roughly 3,000 homes, underscoring continued institutional interest in select tier-II housing markets.

5 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 08:00 AM IST

NBFC Services to Banks in Co-Lending Deals to Attract 18% GST

India’s GST authorities have clarified that non-banking financial companies will face an 18% goods and services tax on the service they provide to banks in co-lending arrangements, while interest on the underlying loan will remain exempt. The decision also aligns the valuation of NBFC services with the Reserve Bank of India’s prescribed methodology, tightening tax treatment in a fast-growing credit channel.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 02:57 PM IST

NBFC Services to Banks in Co-Lending Deals to Attract 18% GST

India’s GST framework will levy 18% tax on the service supplied by an NBFC to a bank in co-lending arrangements, while interest on the underlying loan will remain exempt. The decision is expected to bring greater tax clarity to a fast-growing lending model that has become central to credit expansion in retail and small-business finance.

5 min readRead →
Startups & Venture Capital16 Oct 2026, 11:11 AM IST

Jio Financial Services Q2 Profit Halves to ₹340 Crore as Earnings Momentum Cools

Jio Financial Services reported a sharp 51% year-on-year decline in consolidated net profit to ₹340.4 crore for the second quarter, underscoring a softer earnings run after a period of rapid market attention. The result highlights the early-stage volatility in the company’s financial services build-out, even as investors continue to assess its long-term scale potential.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 05:22 AM IST

ICICI Bank Faces ₹229 Crore GST Demand Over Minimum Balance Services

ICICI Bank has received a show cause notice from GST authorities seeking ₹229.14 crore in tax, interest and penalties over services linked to customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at CGST and Central Excise Division-IV, adds to the lender’s ongoing legal disputes over similar tax demands. The case underscores the continuing regulatory scrutiny of banking service charges and their classification under India’s indirect tax regime.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 04:41 AM IST

OnMeta Deepens Global Push With QazPost Pact to Explore Digital Financial Services

OnMeta has signed a memorandum of understanding with Kazakhstan’s QazPost to explore digital financial solutions, marking a strategic step in its international expansion. The collaboration is designed to combine OnMeta’s digital infrastructure with QazPost’s nationwide distribution reach, potentially broadening access to modern financial services across Kazakhstan and beyond.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside IIFL Capital Services: