Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE INDIA EDITION 2026

India’s
financial services industry,
in focus.

The companies, capital and talent shaping financial services in India. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Financial Services Industry Landscape of India
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Financial Services illustration
MEET THE COMPANIES

Explore India’s financial services leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Financial Services company highlights in India, snapshot 6 August 2026
Company
Yes Bankyesbank.in$6.85B—29,387—
Deewan Housing Finance Corporationdhfl.com$4.09B—5,953—
Bajaj Finservbajajfinserv.in$3.54B—53,782—
CNH Industrial Capitalcnhindustrialcapital.com$1.97B—95—
IDFC First Bankidfcfirstbank.com$1.55B—931—
Aegon Lifeaegonlife.com$1.3B—860—
Sammaan Capitalsammaancapital.com$1.24B—668$1.61BFYFY2019 filing
Jana Small Finance Bankjanabank.com$1.08B—28,293—
AXA XLaxaxl.com—13 roles7,400—
Millimanus.milliman.com—11 roles——
Ayvensayvens.com—10 roles—$70.51MFYFY2025 filing
Signal Expert Globalsignalexpertglobal.com—9 roles——
Barclaysbarclays.in—7 roles7,100Financial figure available in RadarView in Radar
NK Securities Researchnksecurities.com—7 roles—$176.32MFYFY2025 filing
Providence Indiaprovidenceindia.in—7 roles25$2.94MFYFY2025 filing
Ujjivan Small Finance Bankujjivansfb.in—7 roles24,147—
Bajaj Housing Financebajajhousingfinance.in——6,410$1BFYFY2025 filing
Bandhan Bankbandhanbank.com——82,070—
Canara Bankcanarabank.com——82,638Financial figure available in RadarView in Radar
HDFChdfc.com——213,527Financial figure available in RadarView in Radar
ICICI Bankicicibank.com——133,131—
Kotak Mahindra Bankkotak.com——76,989—
Life Insurance Corporation of Indialicindia.in——98,667$2.85BFYFY2024 filing
Punjab National Bankpnbindia.in——104,120—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Startup discovery

Recorded classifications only
THE KEY SIGNALS

Financial Services industry KPIs in India

A few useful ratios bring the size of this ecosystem into perspective.

6 August 2026
Hiring participation9.6%

890 of 9,288 tracked companies have open roles.

Funding participation5.0%

461 of 9,288 tracked companies have a recorded round.

Top 3 funding share27.1%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$6.89M

Midpoint of 1,220 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 27.1% of disclosed capital, while 95.0% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How India financial services has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

India financial services
$0$1.68B$3.36B$5.04B$6.72B2016: $4.87B20162017: $5.89B20172018: $5.39B20182019: $5.26B20192020: $4.56B20202021: $2.77B20212022: $3.91B20222023: $3.78B20232024: $3.04B20242025: $4.48B2025
View the numbers
Annual financial services funding and company formation in India
YearFunding (USD)FoundedRaising
2016$4.87B39181
2017$5.89B41385
2018$5.39B459106
2019$5.26B477119
2020$4.56B49889
2021$2.77B48696
2022$3.91B408114
2023$3.78B35281
2024$3.04B29786
2025$4.48B7754
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Yes Bank12.8%
  • Deewan Housing Finance Corporation7.7%
  • Bajaj Finserv6.6%
  • Other companies72.9%

Funding by stage

1,343 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel354 26.4%
Series A–B307 22.9%
Series C+ / PE205 15.3%
Grants, debt & other477 35.5%

Recent recorded rounds

Latest recorded rounds · USD
8 rounds

Swipe or scroll horizontally to browse.

Unattributed03/2026
Weaver $156M

Backed by Premji Invest and Lightspeed Venture Partners and others.

Conventional Debt03/2026
Metafin $10M

Backed by Lendable.

Series C03/2026
Svasti $5.14M

Backed by Abler Nordic and Rajiv Dadlani Group and others.

Conventional Debt03/2026
Indifi $4.22M

Backed by BlackSoil.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series B11/2021
Sliceslice.bank.in$220M

Backed by Tiger Global Management and Insight Partners and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

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₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 1861 reporting entities from 2653 eligible matches.

Revenue in covered accounts₹321,582.6 crore

Sum of reporting-entity revenue; not India market sales.

Net profit / loss₹40,333.6 crore

Combined result for the same cohort.

Aggregate net margin+12.5%

Combined net income ÷ combined revenue.

Median company revenue₹5.4 crore

The middle covered reporting entity.

Profitable entities+75.4%

1404 of 1861 covered entities.

Top-five concentration+28.2%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 1861 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

1861 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
INDIA · INDUSTRY COHORTS

How does financial services compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the India companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

125 of the 9,296 companies on this page carry a measured traffic record (1.3%); these are the largest of those, by monthly visits. The median among them is 344,747 visits.

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

1,142 of these companies (12.3%) publish at least one Android app — 2,052 apps in all, carrying 1.9B installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Banks4271.1BIPPB Mobile Banking 102.2M
Consumer And Sme Loans333422.7MBajaj Finserv: Loans, UPI & FD 190.9M
Insurance Carriers202340.1MLIC Digital 32.2M
Brokers And Dealers22458.9MMO RIISE: Stocks, IPO & Demat 16.2M
Asset Management44839.3MSBI Mutual Fund - InvesTap Nxt 7.3M
Service Providers To Banks6539M5paisa: Stocks, MF, F&O App 19.9M
Investment Tech5137.6Maxio: Expense Tracker & Budget 15.1M
Alternative Lending2730.2MUpwards : Quick Personal Loan 6.4M

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 212023Q2: 192023Q22023Q3: 262023Q3: 172023Q32023Q4: 222023Q4: 122023Q42024Q1: 252024Q1: 192024Q12024Q2: 312024Q2: 182024Q22024Q3: 322024Q3: 562024Q32024Q4: 402024Q4: 302024Q42025Q1: 352025Q1: 452025Q12025Q2: 452025Q2: 582025Q22025Q3: 442025Q3: 1712025Q32025Q4: 442025Q4: 2332025Q42026Q1: 312026Q1: 3882026Q1

Darker bars are new releases, lighter bars apps updated. 1,096 of 2,052 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The India financial services market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Nbfc lenders1,241
Fintech245
Consumer digital242
Enterprise tech175
Investment tech114
Housing finance85
Internet first lenders75
Internet first wealth management platforms37
Marketplaces35
Enterprise software34
Online financial planners and advisors33
It services33

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Nbfc lenders

The largest measured segment in this report snapshot.

1241companies
16.4%have hiring activity

204 companies hiring · $30.38B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Fee-for-service6,187
Commission on transaction5,012
E-commerce - service1,202
Lending1,030
Subscription796
Advertising625
E-commerce - product362
Physical commerce162
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Mergers & acquisitionsbarclays.in ↗

Barclays’ £600m takeover of Tesco’s banking arm last year.

Mergers & acquisitionsfederalbank.co.in ↗

Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships.

Funding roundsbrookfieldindiareit.in ↗

Brookfield India Real Estate Trust has raised ₹2,600 crore from a qualified institution placement (QIP) of 80,495,356 units.

Mergers & acquisitionsgrantthornton.in ↗

Grant Thornton’s private equity-backed US arm plans to acquire the firm’s Australian affiliate in a bid to extend the network’s increasingly global reach.

Funding roundsadityabirlacapital.com ↗

Aditya Birla Capital has raised Rs 200 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis.

Funding roundsaxisfinance.in ↗

Axis Finance has secured ₹750 crore in primary capital from private equity firm Kedaara Capital for a 5.08% stake, the non-banking financial company's parent Axis Bank said in a regulatory notice on Saturday.

Mergers & acquisitions360.one ↗

When a 15% stake sale to 360 One implied valuation of 3,000 crore, or about 1.1 times the embedded value (EV).

Funding roundsmufingreenfinance.com ↗

Mufin Green Finance has completed a preferential allotment, raising about ₹324 crore through the issuance of equity shares and warrants.

Funding roundshdbfs.com ↗

HDB Financial Services has raised Rs 300 crore through the allotment of 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on private placement basis.

Funding roundsprimeinvestor.in ↗

PrimeInvestor Raises ₹19.5 Cr from Rainmatter in First External Round

Full recorded event mix

Top 10 categories among 13,296 recorded events in the 24-month window.

Earnings
7,130
Leadership moves
1,352
Mergers & acquisitions
884
IPO activity
651
Regulatory
631
Funding rounds
581
New products
452
Company announcements
421
Lawsuit
329
Contracts
327
7 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

198 tracked people moves

Anand Kumar Das

Appointment Company Secretary and Key Managerial Personnel

Mr. Rishi Mandawat

Appointment Additional Non-Executive Non-Independent Director

Amitabh Kumar Singh

Appointment Chief Human Resources Officer

Mr. Ashish Arvind Kotecha

Appointment Additional Non-Executive Non-Independent Director

Mrs. Rano Verma

Appointment Head of Customer Service & Strategic Initiatives

Indrajit Yadav

Departure Previously Senior Management Personnel

B. K. Khare & Co

Appointment Joint Statutory Auditor

Ms. Rosemary Sebastian

Appointment Additional Non-Executive Independent Director

Product launches

Products, platforms and features in the recorded window

L&T Finance ↗
Project Cyclops

Credit Risk Engine

L&T Finance ↗
PLANET app

Digital channel

Startup League 2026

Hackathon and Funding Platform

PNB MetLife ↗
PNB MetLife RISE Plan

Insurance

advanced conversational AI platform

AI Platform

PRISM

Trustee services platform

TenzorX 2026

Hackathon

PRISM

Digital trustee platform

Litigation

31 tracked suits

Company
icici bank v Rajesh Business & Leisure Hotels

Corporate insolvency resolutionRegulatory · Settled

Company
state bank of india, punjab national bank, bank of baroda, l v reliance communications, Anil Ambani

bank fraud/money laundering caseCriminal · Filed

Earnings pulse

Reported company results in the recorded window.

602companies
6,787period observations
15.3%median reported growth

Median across 3,690 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Bajaj Finserv→allianzAnnounced2026-07-31Not stated in snapshot
HDFC Bank→housing developmentAnnounced2026-07-01Not stated in snapshot
HDFC Bank→HDFC LimitedAnnounced2026-07-01$40.0B
Central Bank of India→future generali india life insuranceCompleted2026-06-30Not stated in snapshot
HDFC Mutual Fund→sundram fastenersCompleted2026-06-30Not stated in snapshot
Kotak Mahindra Bank→ING VysyaAnnounced2026-06-26Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

19,226 postings in the preceding 12 months. The full 20,985-posting snapshot covers 705 employers.

Expand panel +

Most advertised job titles

Rb Ls: Business Development Associate2,912
Branch:Branch Relationship Officer1,624
Branch:Teller485
Branch:Branch Operations Head474
Branch:Branch Head415
Rb Ls:Sales Manager Casa251
9 internship postings

12 tracked postings mention remote work.

The seniority mix

10,276 postings specify a level.

unspecified
10,709
manager
6,645
lead
1,919
senior
1,334
intern
280
entry
98

Skills employers mention

Top skills across 20,985 tracked postings in the available jobs snapshot.

Sales
4,625
Refer To The Job Description
4,256
Lead Generation
3,613
Kyc
3,428
Crm System
3,307
Compliance
1,272
Customer Service
1,226
Communication
1,035
Relationship Management
970
Risk Management
715
ADVERTISED PAY$5.4K/ year

Median across 937 postings with pay data, expressed in USD.

Salary by seniority

manager$6.6K/ year394 postings
lead$10.8K/ year45 postings
senior$7.2K/ year72 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

4,050 founders and chief executives across 3,177 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

359 profiles with education records.

IIM Ahmedabad
34
IIM Calcutta
33
IIT Delhi
32
Indian School of Business
32
IIM Bangalore
26
University of Delhi
20
IIT Kharagpur
19
Harvard Business School
18

Prior employers

56 profiles with prior-work records.

Morgan Stanley
19
Goldman Sachs
11
McKinsey
9
Boston Consulting Group
5
Flipkart
5
Microsoft
3
Amazon
3
Google
3

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

1,357,601 articles in the measured 12-month window.

Expand panel +
1,357,601articles in the measured year
352,098articles in 2026Q1
60.3%positive tone in the latest complete year

News volume trends

Financial Services coverage across India · articles per complete quarter

0122,792245,584368,375491,1672021Q2: 206,0172021Q22021Q3: 211,1912021Q4: 183,7692022Q1: 217,0932022Q2: 234,1742022Q22022Q3: 259,9682022Q4: 268,8252023Q1: 303,4232023Q2: 277,5752023Q22023Q3: 292,8592023Q4: 266,2382024Q1: 290,3042024Q2: 297,5222024Q22024Q3: 326,1412024Q4: 335,0482025Q1: 380,9462025Q2: 320,9432025Q22025Q3: 427,1022025Q4: 262,2832026Q1: 352,0982026Q1
View quarterly article counts
QuarterArticles
2021Q2206,017
2021Q3211,191
2021Q4183,769
2022Q1217,093
2022Q2234,174
2022Q3259,968
2022Q4268,825
2023Q1303,423
2023Q2277,575
2023Q3292,859
2023Q4266,238
2024Q1290,304
2024Q2297,522
2024Q3326,141
2024Q4335,048
2025Q1380,946
2025Q2320,943
2025Q3427,102
2025Q4262,283
2026Q1352,098

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
414,318 positive · 47,493 neutral · 233,135 negative
2022
603,452 positive · 67,979 neutral · 306,971 negative
2023
735,143 positive · 78,803 neutral · 324,460 negative
2024
802,770 positive · 115,041 neutral · 329,282 negative
2025
837,877 positive · 167,921 neutral · 383,196 negative

Company share of voice

25,313 recorded company events across 832 companies; percentages use that event total.

HDFC Bank ↗hdfcbank.com
3.9% 983 events
IndusInd Bank ↗indusind.com
3.3% 847 events
Tata Capital ↗tatacapital.com
3.2% 805 events
Bajaj Housing Finance ↗bajajhousingfinance.in
2.9% 722 events
Kotak Mahindra Bank ↗kotak.com
2.2% 550 events
HDB Financial Services ↗hdbfs.com
2.2% 547 events
ICICI Bank ↗icicibank.com
2.0% 515 events
Life Insurance Corporation of India ↗licindia.in
1.9% 476 events

Leading coverage topics

Financial Services coverage across India · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,767 articles in the full recorded period
100,377 recent · 75,613 prior
International And Transnational Geographic Entities300,748 articles in the full recorded period
100,370 recent · 75,612 prior
Administrative And Political Subdivisions300,693 articles in the full recorded period
100,352 recent · 75,603 prior
International Sports Competitions112,947 articles in the full recorded period
25,507 recent · 25,272 prior
International Political Relations73,660 articles in the full recorded period
21,438 recent · 14,387 prior
New Product Launches And Innovations60,765 articles in the full recorded period
16,964 recent · 13,075 prior
Cricket Test Matches55,727 articles in the full recorded period
12,559 recent · 11,093 prior
Political Party Dynamics53,187 articles in the full recorded period
10,812 recent · 10,423 prior
Strategic Partnerships And Collaborations52,980 articles in the full recorded period
15,063 recent · 11,111 prior
Trade Policies And Agreements47,216 articles in the full recorded period
21,250 recent · 10,978 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Financial Services coverage across India

KeywordRecentPriorChange
tariff negotiations10,7795,335102%
bilateral trade4,2722,27588%
trade dispute mechanisms4,1902,076102%
trade barrier reduction4,1612,28982%
trade facilitation commitments4,0092,08492%
countries3,8951,730125%
free trade deals3,8012,28466%
multilateral diplomacy3,6232,55242%
diplomatic strategies3,5272,21859%
bilateral trade imbalance3,0471,92159%
odi cricket5,6099,038-38%
limited overs cricket5,3768,729-38%
odi tactics5,2368,188-36%
odi series4,8917,813-37%
odi rankings4,6647,551-38%

Event and signal lenses

Financial Services coverage across India

All complete annual cohorts shown
Rising

Regulatory Risk

1,945,602 classified articles

territories, disputed islands, test cricket

43.8% critical · 27.4% positive
Rising

Funding Momentum

259,811 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

49.0% critical · 45.9% positive
Rising

Growth

549,706 classified articles

gdp growth rate, economic output growth, economic growth statistics

47.3% critical · 49.9% positive

Financial Services coverage across India. Topic labels describe recorded classifications and can include broad context.

DEMAND, SUPPLY & PLACE

Where demand signals run ahead of mapped supply — India

Compare demand signals in India’s newsflow with the financial services categories mapped to each signal.

Expand panel +
HOW TO READ THE GAP

Signal percentile − supply percentile = gap in percentile points. Positive gaps highlight questions to investigate. A high signal can reflect spending pressure or access friction, as well as potential demand.

The comparison is relative to the signal families on this page. A supply percentile of zero means the lowest relative reading, not zero companies. It is a prioritisation clue, not measured market size or unmet demand.

COMPARISON PERIOD2025-05-01 to 2026-05-01Against 2024-05-01 to 2025-05-01Explore the signals ↓

The opportunity, in one view

Signal and mapped-supply percentiles, their gap, and change in the signal’s article share.

Swipe horizontally to compare all columns →

8 India demand signals compared with mapped financial services supply
Signal familySignal percentileSupply percentileRelative gapGap (points)Signal share vs prior year
Market volatility ↗Macro Pressure57.10.0+57.1+39.7%
Layoffs & income shocks ↗Spending Pressure71.433.3+38.1+77.0%
Interest rates & policy ↗Macro Pressure57.183.3-26.2+20.7%
Lending & credit access ↗Demand Driver28.683.3-54.7+17.8%
Crypto & digital assets ↗Adoption Shift50.0—No matching category—+139.3%
Financial inclusion ↗Demand Driver42.9—No matching category—+52.4%
Fraud, scams & consumer trust ↗Trust Friction42.9—No matching category—+67.8%
Data & privacy regulation ↗Compliance Pressure50.0—No matching category—+177.7%

Showing all 8 signals. Select a family for its history and mapped categories.

Where the signals are loudest

All 12 city readings for these demand families in the comparison geography. India is highlighted.

Mentions per 10,000 articles

Each city’s reading is a share of its own coverage.

Chungcheongbuk-Do134.0

Data & privacy regulation · Fraud, scams & consumer trust · Layoffs & income shocks

Maharashtra119.1

Interest rates & policy · Market volatility · Lending & credit access

Karnataka67.4

Layoffs & income shocks · Lending & credit access · Fraud, scams & consumer trust

Kashmir53.8

Market volatility · Interest rates & policy · Financial inclusion

Gujarat50.5

Market volatility · Lending & credit access · Financial inclusion

Tamil Nadu45.5

Lending & credit access · Financial inclusion · Layoffs & income shocks

Andhra Pradesh39.3

Data & privacy regulation · Lending & credit access · Financial inclusion

Delhi37.2

Layoffs & income shocks · Fraud, scams & consumer trust · Interest rates & policy

Chhattisgarh34.3

Financial inclusion · Lending & credit access · Fraud, scams & consumer trust

Haryana34.2

Market volatility · Fraud, scams & consumer trust · Lending & credit access

Telangana34.0

Layoffs & income shocks · Fraud, scams & consumer trust · Data & privacy regulation

Jammu And Kashmir32.7

Market volatility · Fraud, scams & consumer trust · Lending & credit access

Inside the leading signals

Open any signal for its quarterly history
MACRO PRESSUREMarket volatility+57.1percentile-point gap
THE OPERATING HYPOTHESIS

Volatility can drive trading, hedging and advice-seeking in the same week it spikes.

13.02mentions per 10,000 articles+39.7%share change vs prior year

Mapped financial services categories

  • Investment Tech114
  • Internet First Wealth Management Platforms37
  • Online Financial Planners And Advisors33

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

04913172024Q3: 62024Q32024Q4: 92024Q42025Q1: 102025Q12025Q2: 152025Q22025Q3: 142025Q32025Q4: 102025Q42026Q1: 122026Q1
View quarterly signal counts
Market volatility in India coverage
QuarterMentionsPer 10,000 articles
2024Q33426.7
2024Q44609.08
2025Q150410.74
2025Q257315.19
2025Q369514.41
2025Q438610.38
2026Q158612.42

Where this signal concentrates in the comparison geography

Kashmir41.3 / 10,000
Maharashtra31.9 / 10,000
Haryana13.7 / 10,000
SPENDING PRESSURELayoffs & income shocks+38.1percentile-point gap
THE OPERATING HYPOTHESIS

Layoff cycles can pull discretionary spend back toward value offerings.

11.25mentions per 10,000 articles+77.0%share change vs prior year

Mapped financial services categories

  • Nbfc Lenders1,241
  • Internet First Lenders75
  • Internet First Wealth Management Platforms37

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

04711142024Q3: 72024Q32024Q4: 42024Q42025Q1: 62025Q12025Q2: 92025Q22025Q3: 122025Q32025Q4: 102025Q42026Q1: 82026Q1
View quarterly signal counts
Layoffs & income shocks in India coverage
QuarterMentionsPer 10,000 articles
2024Q33727.29
2024Q42294.52
2025Q13246.91
2025Q23479.2
2025Q359112.25
2025Q438710.41
2026Q14238.96

Where this signal concentrates in the comparison geography

Karnataka21.4 / 10,000
Maharashtra11.3 / 10,000
MACRO PRESSUREInterest rates & policy-26.2percentile-point gap
THE OPERATING HYPOTHESIS

Rate moves can reprice every loan book — lending and deposit products feel it first.

19.37mentions per 10,000 articles+20.7%share change vs prior year

Mapped financial services categories

  • Nbfc Lenders1,241
  • Housing Finance85
  • Internet First Lenders75

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

081624322024Q3: 132024Q32024Q4: 182024Q42025Q1: 152025Q12025Q2: 172025Q22025Q3: 272025Q32025Q4: 172025Q42026Q1: 122026Q1
View quarterly signal counts
Interest rates & policy in India coverage
QuarterMentionsPer 10,000 articles
2024Q369713.65
2024Q492618.28
2025Q174715.92
2025Q267417.87
2025Q3134127.81
2025Q464117.24
2026Q161112.95

Where this signal concentrates in the comparison geography

Maharashtra40.1 / 10,000
Delhi6.9 / 10,000
Gujarat6.1 / 10,000
DEMAND DRIVERLending & credit access-54.7percentile-point gap
THE OPERATING HYPOTHESIS

Credit demand can pull origination, underwriting and collections capacity with it.

8.46mentions per 10,000 articles+17.8%share change vs prior year

Mapped financial services categories

  • Nbfc Lenders1,241
  • Housing Finance85
  • Internet First Lenders75

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

04711142024Q3: 52024Q32024Q4: 72024Q42025Q1: 92025Q12025Q2: 102025Q22025Q3: 122025Q32025Q4: 52025Q42026Q1: 52026Q1
View quarterly signal counts
Lending & credit access in India coverage
QuarterMentionsPer 10,000 articles
2024Q32795.46
2024Q43627.15
2025Q14519.61
2025Q238410.18
2025Q360712.59
2025Q42115.67
2026Q12725.76

Where this signal concentrates in the comparison geography

Maharashtra13.6 / 10,000
Karnataka12.1 / 10,000
Tamil Nadu11.0 / 10,000
ADOPTION SHIFTCrypto & digital assets—supply not mapped
THE OPERATING HYPOTHESIS

Crypto cycles can pull exchange, wallet and compliance demand in waves.

5.0mentions per 10,000 articles+139.3%share change vs prior year

Mapped financial services categories

This signal has no matching category in the page’s financial services market map, so no supply percentile or gap is assigned.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

023572024Q3: 12024Q32024Q4: 22024Q42025Q1: 22025Q12025Q2: 22025Q22025Q3: 62025Q32025Q4: 52025Q42026Q1: 42026Q1
View quarterly signal counts
Crypto & digital assets in India coverage
QuarterMentionsPer 10,000 articles
2024Q3861.68
2024Q41052.07
2025Q11252.66
2025Q2982.6
2025Q32916.03
2025Q41955.24
2026Q12084.41

Where this signal concentrates in the comparison geography

Karnataka7.5 / 10,000
Andhra Pradesh5.0 / 10,000
DEMAND DRIVERFinancial inclusion—supply not mapped
THE OPERATING HYPOTHESIS

Inclusion pushes can pull low-cost payment and credit rails toward new users.

6.44mentions per 10,000 articles+52.4%share change vs prior year

Mapped financial services categories

This signal has no matching category in the page’s financial services market map, so no supply percentile or gap is assigned.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

0358102024Q3: 32024Q32024Q4: 42024Q42025Q1: 52025Q12025Q2: 52025Q22025Q3: 82025Q32025Q4: 42025Q42026Q1: 62026Q1
View quarterly signal counts
Financial inclusion in India coverage
QuarterMentionsPer 10,000 articles
2024Q31813.54
2024Q42144.23
2025Q12525.37
2025Q21985.25
2025Q34238.77
2025Q41764.73
2026Q12846.02

Where this signal concentrates in the comparison geography

Chhattisgarh10.7 / 10,000
Tamil Nadu9.5 / 10,000
Maharashtra9.0 / 10,000
TRUST FRICTIONFraud, scams & consumer trust—supply not mapped
THE OPERATING HYPOTHESIS

Trust friction can reward whoever fixes service, complaints and fraud handling.

5.91mentions per 10,000 articles+67.8%share change vs prior year

Mapped financial services categories

This signal has no matching category in the page’s financial services market map, so no supply percentile or gap is assigned.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

024672024Q3: 22024Q32024Q4: 42024Q42025Q1: 42025Q12025Q2: 42025Q22025Q3: 62025Q32025Q4: 62025Q42026Q1: 52026Q1
View quarterly signal counts
Fraud, scams & consumer trust in India coverage
QuarterMentionsPer 10,000 articles
2024Q31142.23
2024Q42234.4
2025Q12294.88
2025Q21534.06
2025Q32916.03
2025Q42416.48
2026Q12675.66

Where this signal concentrates in the comparison geography

Karnataka9.7 / 10,000
COMPLIANCE PRESSUREData & privacy regulation—supply not mapped
THE OPERATING HYPOTHESIS

Privacy rules can land as engineering requirements — consent, data handling and audit tooling follow.

4.29mentions per 10,000 articles+177.7%share change vs prior year

Mapped financial services categories

This signal has no matching category in the page’s financial services market map, so no supply percentile or gap is assigned.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

024572024Q3: 12024Q32024Q4: 12024Q42025Q1: 22025Q12025Q2: 22025Q22025Q3: 22025Q32025Q4: 62025Q42026Q1: 52026Q1
View quarterly signal counts
Data & privacy regulation in India coverage
QuarterMentionsPer 10,000 articles
2024Q3531.04
2024Q4801.58
2025Q11192.54
2025Q2782.07
2025Q31092.26
2025Q42276.1
2026Q12705.72

Where this signal concentrates in the comparison geography

Chungcheongbuk-Do111.3 / 10,000
Andhra Pradesh9.5 / 10,000
RESEARCH & CHANGING CONVERSATIONS

Related research and changing coverage

India financial services coverage

Expand panel +
RESEARCH CONTEXT · 2018

Predicting the intention to use mobile banking in India

International Journal of Bank Marketing

330 citations in the snapshot

RESEARCH CONTEXT · 2017

Extending health insurance to the poor in India: An impact evaluation of Rashtriya Swasthya Bima Yojana on out of pocket spending for healthcare

Social Science & Medicine

282 citations in the snapshot

RESEARCH CONTEXT · 2017

Impact of Publicly Financed Health Insurance Schemes on Healthcare Utilization and Financial Risk Protection in India: A Systematic Review

PLoS ONE

244 citations in the snapshot

RESEARCH CONTEXT · 2018

Efficiency and technology gaps in Indian banking sector: Application of meta-frontier directional distance function DEA approach

The Journal of Finance and Data Science

241 citations in the snapshot

What is growing in this coverage

India coverage of this page's demand families

KeywordRecent articlesPrior articlesShare change
crude oil prices17851290.8%
cardless atm access7323255.4%
ai hardware9731250.4%
cloud infrastructure10536226.6%
commodity futures265107177.3%
contactless mobile payments5222164.7%

Share changes describe coverage in the stated comparison periods, not search demand or market size.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Financial Services in India: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 6 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon