PL Capital Group has announced the appointment of Zarin Daruwala as its Group Chief Executive Officer, marking a significant milestone in the company’s ongoing transformation into a diversified, future-ready financial powerhouse. A veteran of India’s banking and financial services industry, Zarin brings over 35 years of leadership experience across corporate and retail banking, strategic transformation,…
When a regulator becomes the subject of regulatory action, it sends ripples far beyond the corridors of power. The Securities and Exchange Board of India’s (SEBI) recent order directing Central Electricity Regulatory Commission (CERC) officials and associated persons to disgorge ₹1.73 billion after interim findings of insider trading linked to the Indian Energy Exchange (IEX)…
The global outage at Amazon Web Services (AWS) last week, which disrupted thousands of businesses and critical applications across sectors, has reignited a long-overdue discussion on operational risk within India’s banking, financial services and insurance (BFSI) ecosystem. As Indian financial institutions deepen their reliance on cloud platforms, the event serves as a vivid reminder that…
The Reserve Bank of India’s Payment Systems Report for the half-year ended June 2025 marks a critical milestone in India’s decade-long journey toward a cash-lite economy. The document not only quantifies the rapid digitisation of payments but also underlines the institutional maturity of India’s payment governance a framework that now rivals global benchmarks in scale,…
The banking relationship has always rested on an invisible contract of trust — that the depositor’s money, and the legacy it represents, will be handled with transparency and fairness. From next month, that trust gains new legal scaffolding as the key nomination provisions under the Banking Laws (Amendment) Act, 2025 come into force. The amendment…
The Open Network for Digital Commerce (ONDC) has announced the appointment of Rohit Lohia as its Chief Business Officer (CBO), signalling a strategic move to strengthen its leadership team and accelerate the network’s mission to transform India’s digital commerce ecosystem. Rohit Lohia brings a rich background in consulting, entrepreneurship and senior leadership across fintech, payments,…
3-Dimensional Insurance Brokers India (3Di India) has announced the appointment of Parikshit Mahajan as its Executive Chairman and Director, marking a significant milestone in the company’s journey toward technological innovation and operational excellence in insurance broking. With more than 25 years of experience spanning health insurance, InsurTech, international TPA operations and reinsurance, Parikshit brings a…
In an evolving financial ecosystem, regulatory intent often serves as a barometer of future market resilience. The Securities and Exchange Board of India’s (SEBI) latest announcement to boost institutional participation in the country’s commodity and derivatives markets— signals not just market expansion, but a structural recalibration of India’s financial depth. The inclusion of banks, pension…
As India moves closer to implementing the final set of Digital Personal Data Protection (DPDP) Rules, a silent but decisive shift is underway in corporate boardrooms. While compliance and IT leaders have long been associated with data protection responsibilities, Chief Financial Officers (CFOs) are increasingly stepping up to shape enterprise strategy in this new regulatory…
There’s something quietly momentous about what’s happening in India’s banking sector right now. Two deals – Emirates NBD’s planned US$3 billion acquisition of a majority stake in RBL Bank and Sumitomo Mitsui Banking Corporation’s deepening partnership with Yes Bank – may seem like isolated capital transactions at first glance. But seen together, and against the…
