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Sinha, currently an independent director at Airtel Payments Bank, will take charge from October 1 for a three-year term.
With the latest funding, the microfinance institution has raised Rs 70 crore in total funding during the current financial year ending on March 31, 2027.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
July was defined by Trump's $1.4 billion crypto disclosure, while in India the RBI stuck to its long-held position on cryptos.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
BharatPe objected to Unity Bank's proposal that sought to amend the MoA to facilitate the conversion of some 90 crore warrants into CCPS.
The bank has not issued a statement of any breach yet but the scale of the claim has triggered alarm among cybersecurity watchers.
The latest round gives ServiceNow Ventures an around 5% stake in the Noida-based company.
The funding round saw participation from Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.
In its initial phase, the programme targets the creation and growth of nearly 4,000 rural enterprises over the next three years.
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
