BANKING & FINANCE
TVS Venu Entity Home Credit To Buy Varthana Finance In All-Cash Deal
Home Credit India, part of the TVS Venu Group, has signed an agreement to acquire 100% equity stake in Varthana Finance Pvt Ltd through an all-cash transaction, marking its entry into the specialised education finance segment. The proposed acquisition is part of TVS Venu’s long-term strategy to build and scale high-quality financial services businesses catering […]
CW Bureau
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Jul 15, 2026
BANKING & FINANCE
RBI Approves Mahesh Muralidhar Pai As MD & CEO Of South Indian Bank
The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director & Chief Executive Officer of South Indian Bank for a period of three years, effective October 1, 2026. Pai, 50, brings nearly three decades of banking experience spanning governance, strategy, treasury, foreign exchange, retail banking, agriculture finance […]
CW Bureau
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Jul 8, 2026
BANKING & FINANCE
HDFC Bank Appoints Former Finance Secretary Rajiv Kumar As Chairman
HDFC Bank’s board has approved the appointment of former Finance Secretary Rajiv Kumar as the bank’s Part-time Chairman for a period of three years, effective from the date of approval by the Reserve Bank of India (RBI). The appointment fills the vacancy created after former Chairman Atanu Chakraborty resigned earlier this year, citing inappropriate conduct […]
CW Bureau
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Jun 29, 2026
BANKING & FINANCE
Keki Mistry’s Interim Tenure At HDFC Bank Gets Extended Until September
The Reserve Bank of India (RBI) has approved an extension of the tenure of Keki Mistry as Interim Part-time Chairman of HDFC Bank for a further period of three months, until September 18, 2026, or until the appointment of a regular Part-time Chairman, whichever is earlier. The extension comes amid the bank’s ongoing efforts to […]
CW Bureau
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Jun 18, 2026
BANKING & FINANCE
IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat
Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]
CW Bureau
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Jun 2, 2026
BANKING & FINANCE
RBI Approves Vinay Tonse As Yes Bank MD & CEO For Three-Year Term
Mumbai-based Yes Bank Ltd has received the Reserve Bank of India (RBI) approval for the appointment of Vinay Muralidhar Tonse as Managing Director & Chief Executive Officer for a period of three years. The tenure will commence from the date he assumes charge as MD & CEO of the private sector lender. To ensure a […]
CW Bureau
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Mar 6, 2026
