Explore the latest news, in-depth reports, and executive analysis tagged with #Sumitomo Mitsui Banking Corporation.
Fairfax has also proposed bringing its interests in Go Digit Life Insurance, Go Digit General Insurance and IIFL Capital Services under IDBI Bank.
The appointment follows a succession process that gained momentum after Sashidhar Jagdishan informed the board in August that he would step down at the end of his term.
Saha, who joined Kotak Mahindra Bank in January 2026, will succeed Ashok Vaswani, whose term as CEO ends on December 31.
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
The latest round gives ServiceNow Ventures an around 5% stake in the Noida-based company.
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
The deal is expected to be completed by September 2027, pending regulatory clearance from the Competition Commission of India.
The round also saw participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures, along with angel investors including Kunal Shah (CRED), among others.
Existing Razorpay merchants can access the feature without any additional integration, as it is already available through the company's checkout ecosystem.
The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
As part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years.
The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
The Mumbai-based non-banking financial company's net loss widened to Rs 333.27 crore in FY26 from Rs 288.34 crore in the previous year.
The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
A majority of the affected entities were registered in West Bengal and Delhi.
In today’s edition, we look decode the banking redux underway; and how AI companies are luring India’s billion internet users with “free” tools.
