BANKING & FINANCE HDFC Bank Sends Two MD & CEO Candidates To RBI For Approval

HDFC Bank’s board has approved two candidates, in order of preference, for the post of Managing Director & Chief Executive Officer (MD & CEO), and has submitted their names and proposed remuneration to the Reserve Bank of India (RBI) for approval. The candidates have been proposed for a three-year term, marking a key step in […]

CW Bureau · Sep 12, 2026

BANKING & FINANCE RBI Moots 60-Day Limit On Holds For Suspected Money Mule Accounts

The Reserve Bank of India (RBI) has proposed a new Standard Operating Procedure (SOP) requiring banks to follow a uniform, time-bound process for placing temporary debit holds on accounts or amounts suspected to be linked to money-mule activity and cyber-enabled financial fraud. The proposal comes as an amendment to the RBI’s Know Your Customer (KYC) […]

Sajan C Kumar · Sep 12, 2026

BANKING & FINANCE RBI Backs Fintech As Key Strategic Partner To Develop Next-Gen System

The Reserve Bank of India (RBI) is positioning fintech not merely as an industry under regulation but as a strategic partner in building the next generation of India’s financial system, with artificial intelligence (AI), quantum technology and tokenisation emerging as key areas of focus. Reserve Bank of India Governor Sanjay Malhotra said the central bank […]

CW Bureau · Sep 10, 2026

BANKING & FINANCE L&T Raises ₹500 Cr Via Tokenised Bonds Under New SEBI Framework

Larsen & Toubro (L&T) has become the first private sector corporate in India to raise ₹500 crore through tokenised bonds with a three-year tenure under the Securities and Exchange Board of India’s (SEBI) newly introduced blockchain-based tokenisation framework. The transaction marks a step towards the digital transformation of India’s corporate bond market, with SEBI’s framework […]

CW Bureau · Sep 9, 2026

BANKING & FINANCE Adani Airports Raises $1 Bn From Global Investors At $18 Bn Valuation

Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Ltd, has entered into binding agreements to raise ₹9,825 crore ($1 billion) in primary equity capital from a consortium comprising Alpha Wave Global, Premji Invest, Temasek and funds managed by BlackRock. The transaction values AAHL at a pre-money equity valuation of $18 billion. It is […]

CW Bureau · Sep 9, 2026

BANKING & FINANCE Rupeezy Launches Purpose-First Goal-Based Mutual Fund Investing

Rupeezy, a technology-driven and profitable investment platform, has launched its purpose-first goal-based mutual fund Investing experience, designed to shift the investment decision from “Which mutual fund should I invest in?” to “What am I investing for?” The new offering comes as mutual funds gain wider acceptance among Indian retail investors as a vehicle for long-term […]

CW Bureau · Sep 8, 2026

BANKING & FINANCE Shriram General Insurance Pact With SK Finance To Boost Insurance Reach

Shriram General Insurance Company (SGIC) has entered into a strategic corporate agency partnership with SK Finance Ltd, a 31-year-old non-banking financial company (NBFC), to expand access to general insurance solutions across key markets. Under the partnership, SGIC will offer its portfolio of general insurance products through SK Finance’s network of more than 700 branches and […]

CW Bureau · Sep 8, 2026

BANKING & FINANCE AU SFB Gets Shareholders’ Nod To Raise Borrowing Limit To ₹30,000 Cr

AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments. The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to […]

CW Bureau · Sep 6, 2026

BANKING & FINANCE Jana Small Finance Bank Targets Over 80% Growth In Net Profit In FY27

Jana Small Finance Bank Ltd expects profit after tax (PAT) to grow by more than 80% in FY27, supported by normalising credit costs, improving margins and continued growth in its secured lending book. The bank said it enters FY27 with a strengthened balance sheet and will focus on profitability recovery, retail deposits, technology investments and […]

CW Bureau · Sep 4, 2026

BANKING & FINANCE VST Tillers Tractors, Union Bank In Tie-up For Farm Equipment Finance

VST Tillers Tractors Ltd (VTTL), a leading manufacturer of compact tractors and farm mechanisation solutions, has signed a memorandum of understanding (MoU) with Union Bank of India to facilitate retail financing for customers purchasing its agricultural and farm equipment. Under the partnership, Union Bank of India will provide retail loan facilities to customers purchasing VST […]

CW Bureau · Sep 2, 2026

BANKING & FINANCE Capri Global Capital Raises $300 Mn Through Debut Dollar Bond Issue

Capri Global Capital Ltd, a non-banking financial company, has completed its first US dollar bond issuance, raising $300 million through Senior Secured Notes maturing in 2029. The bonds carry a coupon of 7.55% a year. The issue was oversubscribed by more than 2.3 times, with the order book exceeding $700 million. Issue attracts global investors […]

CW Bureau · Sep 2, 2026

BANKING & FINANCE Hyundai Capital Services Set To Start Financial Operations In India

Hyundai Capital Services is commencing financial operations in India, one of the world’s three largest automotive markets, marking the company’s entry into the country’s vehicle financing sector. Hyundai Capital India (HCIN) is the company’s 14th financial entity and an independent, stand-alone entity fully owned and operated by Hyundai Capital Services. From consulting to financial services […]

CW Bureau · Aug 31, 2026