BANKING & FINANCE RBI Sets Up Tech Panel For Financial Markets To Boost Market Efficiency

The Reserve Bank of India (RBI) has constituted a Technical Consultative Committee for Financial Markets (TCCFM) to facilitate structured engagement with market participants and stakeholders on policy and operational issues amid the rapid evolution of financial markets and infrastructure. The move follows the announcement made in the RBI’s Statement on Developmental and Regulatory Policies dated […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE Equitas Small Finance Bank Appoints Balaji Nuthalapadi As Interim CEO

Equitas Small Finance Bank Ltd has approved the appointment of Balaji Nuthalapadi, currently its Whole-Time Director and Executive Director, as Interim Chief Executive Officer, subject to approval from the Reserve Bank of India (RBI). His appointment will take effect from the date of RBI approval or such other date as may be stipulated by the […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE TVS Holdings Pumps ₹484 Cr Into Home Credit, Raises Stake To 74.45%

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, has increased its stake in Home Credit India Finance Pvt Ltd (HCIFPL) to 74.45% following an additional investment of ₹483.91 crore through a rights issue. The company was allotted 12,55,26,842 equity shares of ₹10 each at an issue price of ₹38.55 a share. Investment supports growth plans […]

CW Bureau · Nov 2, 2026

BANKING & FINANCE Equitas SFB CEO Vasudevan Resigns Amid Conflict-Of-Interest Concerns

P N Vasudevan, Managing Director and Chief Executive Officer of Equitas Small Finance Bank, has resigned from his position, citing persistent concerns among investors over a perceived conflict of interest arising from his daughter’s association with a non-banking financial company (NBFC). The bank, in a regulatory communication on Thursday, said it had received a letter […]

CW Bureau · Oct 29, 2026

STARTUP/TECHNOLOGY Astranova Mobility Subsidiary Gets RBI Licence, Eyes ₹5,000-Cr Assets

Astranova Mobility, an electric vehicle financing and asset-management platform, has secured Reserve Bank of India (RBI) approval for its lending subsidiary, NovaFusion Capital, to operate as a non-banking financial company (NBFC). The licence was secured within 90 days, marking a step towards building a dedicated climate-financing platform. Astranova aims to achieve ₹5,000 crore in assets […]

CW Bureau · Oct 15, 2026

BANKING & FINANCE RBI Flags Five Priorities To Safeguard Financial Stability As Risks Emerge

The Reserve Bank of India (RBI) has identified five priorities for policymakers to strengthen financial stability as the global financial system faces increasingly interconnected and cross-border risks. Speaking at the Fifth Kautilya Economic Conclave in a special address on preserving financial stability in an evolving world, RBI Governor Sanjay Malhotra said financial stability was not […]

CW Bureau · Oct 3, 2026

BANKING & FINANCE Bajaj Finserv To Invest ₹5,800 Cr In Bajaj Finance Convertible Warrants

Bajaj Finserv Ltd, the financial services arm of the Bajaj Group, has approved the subscription to warrants convertible into an equivalent number of equity shares of its subsidiary Bajaj Finance Ltd for an aggregate cash consideration of ₹5,800 crore. The subscription will be made through a preferential allotment on a private placement basis. Bajaj Finserv […]

CW Bureau · Oct 2, 2026

BANKING & FINANCE HDFC Bank Appoints ICICI Honcho Anup Bagchi As Its New MD & CEO

The Reserve Bank of India (RBI) has approved the appointment of Anup Bagchi as Managing Director & Chief Executive Officer of HDFC Bank for a three-year term with effect from October 27, 2026. Bagchi will succeed Shashidhar Jagdishan, who will complete his tenure as HDFC Bank’s MD & CEO at the close of business hours […]

CW Bureau · Oct 1, 2026

BANKING & FINANCE Kotak Mahindra Bank Appoints Anup Kumar Saha As Its New MD & CEO

Kotak Mahindra Bank Ltd has announced that the Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer (MD & CEO) for a three-year term effective January 1, 2027. The Board of Directors will initiate further steps to formalise the appointment and seek […]

CW Bureau · Oct 1, 2026

GENERAL Tata Trusts Proposes Tata Sons Regrouping With TESS & TCE Merger

Tata Trusts, which holds a 66% stake in Tata Sons has proposed a strategic reorganisation of the holding company that would involve the merger of Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons. According to Tata Trusts, the proposed restructuring is aimed at ensuring that the resulting entity […]

CW Bureau · Sep 28, 2026

ECONOMY India Govt Plans To Borrow ₹7.86 Lakh Cr In Second Half Of Current Fiscal

The Government of India plans to borrow ₹7,86,000 crore through dated securities during the second half (H2) of FY2026-27, including ₹15,000 crore through Sovereign Green Bonds (SGrBs), as it moves to finance its fiscal requirements while keeping the overall market borrowing below the Budget Estimate. The borrowing programme has been finalised in consultation with the […]

CW Bureau · Sep 25, 2026

BANKING & FINANCE Bank Of Baroda Incorporates Pension Fund Management Arm With ₹100 Cr

Public sector lender Bank of Baroda has incorporated a subsidiary, BOB Pension Fund Management Company Ltd, with an authorised share capital of ₹100 crore. The new entity has received its certificate of incorporation from the Registrar of Companies, Ministry of Corporate Affairs, and will operate as a pension fund manager. New company to manage pension […]

CW Bureau · Sep 21, 2026