Technology

Daily Indian Fintech & Banking Brief – 6 March 2026 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 ...

Daily Indian Fintech & Banking Brief – 4 March 2026 NPCI is moving to roll out a fully digital KYC onboarding for UPI One World, letting travellers register via an app and upload passport scans instead of visiting a bank branch, which should widen uptake of instant payments among foreign visitors once RBI signs off and partners such as Pine Labs and Payworld update their flows. Oxyzo has launched Oxyzo Credit Fund I, a performing credit AIF managed by Oxyzo Investment Manager that will back secured growth loans to mid-sized corporates, already taking commitments from HNIs, family offices and institutions as it targets Rs 3,000 crore of capital over the next four-five years. Fino Payments Bank insists its move toward a small finance bank remains on track despite CEO Rishi Gupta’s arrest, with interim head Ketan Merchant saying the RBI stays fully updated, deposits and CASA growth stay healthy, and customer servicing is undisturbed while authorities probe GST-related concerns.