Financial Services Industry

India's financial services sector is one of the fastest evolving parts of the economy, spanning banks, non-banking financial companies (NBFCs), insurance providers, mutual funds, broking houses, payment platforms, and fintech start-ups. Rapid digitisation, an expanding middle class, greater financial inclusion, and continuous regulatory reform have made this a sector where compliance, governance, and financial discipline matter more than ever. At Agarwal U R S & Co., we work closely with financial services organisations to help them stay compliant, manage risk, and build the financial credibility they need to grow.

Why the Financial Services Sector Needs Specialised Advisory Support

Entities operating in this space are governed by multiple regulators, including the Reserve Bank of India, the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority of India, and the Ministry of Corporate Affairs, along with tax and anti-money laundering laws. Reporting requirements are detailed, disclosure standards are strict, and the cost of getting it wrong can be significant. Our role is to help clients in this sector meet these obligations accurately and on time, while also using financial data to make better business decisions.

How We Support Financial Services Clients

Statutory Audit and Assurance

We conduct statutory and internal audits for banks, NBFCs, insurance intermediaries, mutual fund distributors, and other regulated entities, verifying that financial statements are accurate, complete, and prepared in accordance with applicable accounting standards and regulatory guidelines.

Regulatory and Compliance Advisory

We assist clients in obtaining and maintaining regulatory registrations, filing periodic returns with the RBI, SEBI, and IRDAI, and keeping pace with circulars and notifications that affect day-to-day operations.

Taxation Services

We handle direct and indirect tax compliance, advance tax planning, TDS management, and representation before tax authorities, along with structuring advice on transactions that carry tax implications specific to the financial sector, such as interest income, fee-based revenue, and capital gains.

Risk Management and Internal Controls

We help design and review internal control frameworks, credit risk assessment processes, and fraud prevention mechanisms suited to lending institutions, NBFCs, and payment businesses.

Transaction Advisory

Our team supports due diligence, valuation, and structuring for mergers, acquisitions, fund raising, and partnership arrangements within the financial services space.

Corporate Secretarial and Governance Support

We assist with company law compliance, board processes, and secretarial filings so that governance standards keep up with regulatory expectations placed on financial entities.

Anti-Money Laundering and KYC Advisory

We help clients establish and strengthen AML policies, KYC procedures, and reporting mechanisms required under prevention of money laundering regulations.

Technology-Driven Reporting

As financial institutions increasingly rely on digital platforms and automated systems, we help clients strengthen data accuracy, MIS reporting, and system-generated financial disclosures.

Sub-Sectors We Serve

• Non-Banking Financial Companies (NBFCs)
• Microfinance Institutions
• Insurance Agents, Brokers and Intermediaries
• Mutual Fund Distributors and Investment Advisors
• Stock Broking and Depository Participants
• Payment Aggregators and Fintech Platforms
• Housing Finance Companies
• Co-operative Banks and Credit Societies

Our Approach

We believe financial services businesses need advisors who understand both the numbers and the regulatory context behind them. Our team stays updated with evolving RBI, SEBI, and IRDAI guidelines so that our clients receive practical, current, and actionable advice rather than generic compliance support. Whether you are a growing NBFC seeking your first credit rating, an insurance intermediary preparing for a regulatory inspection, or a fintech start-up structuring your next funding round, we tailor our services to your specific stage of growth and regulatory profile.

Get in Touch

To discuss how Agarwal U R S & Co. can support your financial services business, write to us at info@agarwalurs.com.