Daily Indian Fintech & Banking Brief – 6 March 2026

  1. TCS Eyes More AI Data Centers in India: Tata Consultancy Services is in advanced talks with multiple hyperscalers for additional AI data center partnerships in India, following its recent OpenAI deal. CEO K Krithivasan said India will need about 10 gigawatts of AI data center capacity by 2030, while only 5-6 GW have been announced so far. TCS plans a $7-8 billion investment for infrastructure including racks, connectivity, power, and cooling. The company aims to offer end-to-end AI services including infrastructure, model training, agents, and application intelligence to its banking clients.
    Read more: Business Standard

  2. Revolut Secures India Payments License: British neobank Revolut has secured a payments license in India as part of its global expansion. The company filed for a US banking license and appointed Cetin Duransoy (former Visa executive) as US CEO. Revolut aims for 100 million customers by mid-2027 and plans to enter 30 new markets by 2030. Its recent milestones include launching banking operations in Mexico, securing the India payments license, and obtaining an in-principle payments license in the UAE.
    Read more: Finextra