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HDFC Bank appoints Anup Bagchi as MD and CEO for three years after RBI nod

Bagchi will take charge on October 27, succeeding Shashidhar Jagdishan, as India's largest private sector lender navigates governance concerns and a leadership transition.

Kotak Mahindra Bank appoints Anup Saha as MD & CEO for three-year term

The bank on Thursday said the RBI had given its nod to the appointment, effective January 1, 2027

Apple Pay finally arrives in India, Axis Bank gets 1st-mover advantage

The service is available on iPhone and iPad at launch, with support for Mac in the works; UPI and RuPay are not supported initially

Reliance Industries raises ₹13,000 crore through 10-year bonds at 7.90%

RIL's latest ₹13,000 crore issue takes its rupee bond fundraising in September to ₹25,000 crore as borrowing costs face upward pressure amid rate hike expectations

Axis Bank brings Apple Pay to Visa, Mastercard credit card customers

Axis Bank has launched Apple Pay for its Visa and Mastercard credit card customers in India, enabling payments at merchants, within apps and online using Apple devices

AI slashes cost of launching cyberattack to under $3, says Mastercard

Technology, public and financial sectors account for 44 per cent of cyberattacks in India, while firms are strengthening governance as AI agents pose new risks

IndusInd Bank targets 1.3% RoA, but insurance cuts pose earnings risk

Bank targets RoA of 1.25-1.30% over two years, but Jefferies says a 30% reduction in bancassurance fee income could lower profits by around 5%

75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe

18% GST on merchant discount rate could be reviewed

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27

Sagarmala Finance withdraws ₹600 crore blue bond issue on higher coupon

The maritime lender received bids worth ₹525 crore at coupons ranging from 7.69 per cent to 8.44 per cent, against its plan to price the 10-year bonds below 8 per cent

Building investor trust: Key task at hand for new HDFC MD and CEO

The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance

Axis Bank plans 12,500 campus hires, redeploys staff amid AI push

The bank plans to hire around 12,000-12,500 people from campuses in FY27, compared with 11,500-11,600 in FY26

Banks may rejig insurance sales as Irdai proposes sharp commission cuts

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

PSU banks waive ATM charges for customers during three-day bank strike

Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday

BoP pressure likely to remain a challenge: CEA V Anantha Nageswaran

"India does not have the luxury of a binary choice between manufacturing and services. It has to do both" says Anantha Nageswaran Chief Economic Advisor

FCNR(B) funds find a runway ahead of festival season-led credit demand

RBI Deputy Governor Rohit Jain said banks have an opportunity to deploy FCNR(B) liquidity in the coming months, while maintaining healthy credit standards

India drove Brics talks on cross-border payments: DEA Secretary Thakur

DEA Secretary Anuradha Thakur said BRICS discussions include interoperability of payment and messaging channels and the use of local currencies for trade and investment

SBI expects new UPI merchant fee to cover costs and yield a small surplus

An SBI official says the UPI merchant discount rate could cover the bank's transaction costs and leave a small surplus, while merchants may split payments to avoid the fee

India must cut import dependence, make goods competitively at home: Mishra

PM's Principal Secretary flags risks from fragmented global alliances, vulnerable supply chains and rising trade barriers, while calling for stronger manufacturing

HDFC Bank eyes digital rupee for rewards, allowances, in-flight payments

Bank is developing digital rupee gift vouchers, corporate payouts and offline payments on flights, while integrating its CBDC wallet with BHIM for merchant payments