SRO, self-regulatory organisations

Mint Road positions these entities as the cornerstone of compliance, but will the numerous voices unite the sector or create conflict?

Photos: KAMLESH PEDNEKAR

To prevent fraud, we need better know-your-customer (KYC) processes

One major benefit of becoming a universal bank is that public perception will change

The economy is very strong and on sound footing and we, as banks, typically mirror the economy

More important is customer service, like these days, digital banking, mobile banking, our internet banking, how these are synchronised

GIFT City is scaling fast across 35+ segments, topping $100 bn in banking assets and attracting global listings, ratings, fintechs, and funds beyond tax incentives

(L-R) Dipesh Shah, Executive Director, IFSCA; V Balasubramaniam, MD & CEO, NSE International Exchange; Revati Kasture, CEO, CareEdge Global IFSC; and Tushar Sachade,  Partner, PwC (Photos: Kamlesh Pednekar)

Business Standard

Foreign banks in India play to global strengths, channel foreign capital, and dominate FX and cross-border finance, complementing domestic banks in a highly competitive market

(L-R) K Balasubramanian, India Subcontinent Sub-cluster & Banking Head, Citi; Hitendra Dave, India CEO, HSBC; and PD Singh, India CEO, Standard Chartered (Photos: Kamlesh Pednekar)

As fintech shifts to devices, AI, IoT, and on-device intelligence are transforming payments, lending, and fraud control, making devices central to the next phase of banking

(L-R) Ripunjai Gaur, COO, Offline Payments, Paytm; Mayank Sharma, SE Asia Regional Head, Android Enterprise Partnerships, Google; Sivaramakrishnan Iswaran,  CEO, Zoho Payment Technologies and L Guru Raghavendran, Senior V-P & Product Head, Azentio So

As AI adoption accelerates, zero-trust security, continuous monitoring, and stronger customer awareness are critical to counter deepfakes, fraud, and evolving cyber threats

(L-R) Malcolm Gomes, chief operating officer (COO), IDfy; Deep Narayan Mukherjee, partner, Boston Consulting Group; and Mahavir Jindal, COO, Amazon Pay India (Photos:  Kamlesh Pednekar)

With clearer RBI norms, easing microfinance stress and digital-first models, small finance banks are set for steady growth and deeper reach among underserved customers

(L) Inderjit Camotra, CEO & MD, Unity Unity Small Finance Bank; (R) R Baskar Babu, CEO & MD, Suryoday Suryoday Small Finance Bank (Photos: Kamlesh Pednekar)

Even as banks boast healthy books, concerns remain across the financial landscape. Raghu Mohan and Abhijit Lele explain why work is not yet complete

Banking sector, banks

RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to reduce risk for Indian firms, not replace the dollar, and warns that stablecoins pose macro risks

T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI) | (Photo: Kamlesh Pednekar)

UP's ministers say improved law and order under the Yogi government has powered rapid growth across sectors-from transport and tourism to health, education and revenue mobilisation

(L-R) Brajesh Pathak, Deputy Chief Minister, Uttar Pradesh and Nitin Agarwal, Minister of State (Independent Charge)-Excise & Prohibition, Uttar Pradesh

Bootlegging curbed, compliance up, liquor industry growing 13-14% annually: State excise min

Nitin Agarwal, MoS (Independent Charge) for Excise and Prohibition, Uttar Pradesh

UP targets a major leap in transport and tourism with private-sector driven bus modernisation, electric mobility, improved law and order, and generous subsidies for hotels and homestays

(L-R) Dayashankar Singh, transport minister, Uttar Pradesh and the state’s Tourism & Culture Minister Jaiveer Singh

(L-R) Dayashankar Singh, transport minister, Uttar Pradesh and the state's Tourism & Culture Minister Jaiveer Singh

Meshram who heads the animal husbandry department said when it comes to livestock and development of small enterprises in rural parts of the state, Uttar Pradesh is leading a new surge

(From left): Rajat Verma, founder and CEO, Lohum Cleantech; Mohit Tulsi Singh Rajput, CEO, Avalanche Refineries; Mukesh Meshram, principal secretary, Animal Husbandry, Dairy and Fisheries, UP; Sudhir Kumar Gupta, chief general manager, Indian Bank; a

At the Business Standard Samriddhi event in Lucknow, industry leaders said India Inc is gradually embracing the circular economy model, noting its potential to curb pollution

(L-R): Ravindra Pratap Singh, chairman, UP Pollution Control Board; Rajat Mohan Pathak, founder and promoter,  Rajat Synergy group; Mukesh Bhadur Singh, chairman, Indo-American Chamber of Commerce; Rajesh Kumar, general manager, Union Bank of India;

PANEL

At Business Standard's BFSI Summit 2025, top CIOs said investors should temper return expectations, stay invested, and maintain asset allocation as markets enter a more measured phase

(From left) Sailesh Raj Bhan, Nippon India Mutual Fund; Sankaran Naren, ICICI Prudential Mutual Fund; Mahesh Patil, Aditya Birla Sun Life Mutual Fund; Rajeev Radhakrishnan, SBI AMC; and Rajeev Thakkar,  PPFAS Mutual Fund  | Photo: Kamlesh Pednekar

A decade of rapid growth gives way to partnerships, governance, and the contours of Fintech 2.0. Raghu Mohan weighs in

financial technology, fintech, online payment

Despite geopolitical risks and inflation worries, experts say resilient growth, likely US rate cuts, and stable Indian fundamentals will shape markets in the year ahead

(L-R) Aditya Bagree, Head, Markets, India & SA, Citi; Shailendra Jhingan, Head, Treasury & Economic Research, ICICI Bank; and Arup Rakshit, Group Head, Treasury, HDFC Bank (Photos: Kamlesh Pednekar)

With thin margins in the UPI era, Indian fintechs are looking overseas, betting on cross-border payments, CBDCs, and new digital rails for sustainable growth

(L-R) Arif Khan, Chief Innovation Officer, Razorpay; Harsh Gupta, CRO, Cashfree Payments; Sanjay Tripathy, Cofounder & CEO, BriskPe; and Rahul Jain, CFO, NTT Data (Photos: Kamlesh Pednekar)

Private bank CEOs say faster change, sector specialisation and new products like M&A financing are key as banks adapt to shifting corporate funding and growth needs

(L-R) Prashant kumar, MD & CEO, Yes Bank; Rajiv Anand, MD & CEO, IndusInd Bank; and KVS Manian, MD & CEO, Federal Bank (Photos: Kamlesh Pednekar)

Retail bankers say AI can reshape banking, but trust, governance, explainable models, and high-quality data are essential for safe and sustainable adoption

Ambuj Chandana, managing director (MD) & chief executive officer (CEO), DBS Bank; Virat Diwanji, national head – consumer banking, Federal Bank; Sanjay Mudaliar, executive director, Bank of Baroda; Sachin Seth, regional managing director – India & So

Top PSU bankers argue India needs a few global-scale banks to fund big projects, invest in tech, and support a $35-40 trillion economy by 2047

(L-R) Ashwini Tiwari, MD, State Bank of India; Asheesh Pandey, MD & CEO, Union Bank of India; Debadatta Chand, MD & CEO, Bank of Baroda; and Rajneesh Karnatak, MD & CEO, Bank of India (Photos: Kamlesh Pednekar)

As regulations converge and funding widens, NBFCs say the appeal of becoming a bank is fading - but their role in last-mile credit delivery is only getting stronger

(L-R) Raul Rebello, MD & CEO, Mahindra Finance; Umesh Revankar, Executive Vice-Chairman, Shriram Finance; Jairam Sridharan, MD & CEO, Piramal Finance; Rajiv Sabharwal, MD & CEO, Tata Capital; and Sudipta Roy, MD & CEO, L&T Finance (Photos: Kamlesh Pe

As RBI reviews its inflation-targeting framework ahead of 2026, former MPC members back the 4% CPI target, saying the model has anchored expectations despite global shocks

(L-R) Chetan Ghate, Former Member, RBI MPC; Ashima Goyal, Former Member, RBI MPC; Janak Raj, Former Member, RBI MPC; and Mridul Kumar Saggar, Former Member, RBI MPC (Photos: Kamlesh Pednekar)

After months of stress, India's microfinance sector is showing early signs of recovery, with industry leaders saying the worst is over as liquidity improves

(L-R) Alok Misra, chief executive officer (CEO), Microfinance Industry Network (MFIN); Sadaf Sayed, CEO of Muthoot Microfin; HP Singh, chairman and managing director (CMD), Satin Creditcare; and Karthik Srinivasan, senior vice president & group head,

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