In a significant leadership development, IndusInd Bank has announced the elevation of Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy as Additional Directors in the capacity of Executive Directors (Whole-time Directors), strengthening its senior management bench at a time of evolving banking dynamics. Both leaders will serve as Executive Director – Designate effective April 24, 2026,…
AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first organisation in over a decade to receive an in-principle approval from the Reserve Bank of India to transition into a Universal Bank, announced that the Reserve Bank of India (RBI) has accorded its approval for the appointment of Vivek Tripathi as…
In a key leadership development, Bandhan Bank has received prior approval from the Reserve Bank of India for the appointment of Debasish Panda as part-time Chairman for a tenure of three years. The term will commence from the date he formally assumes charge, subject to the completion of remaining internal approvals. The proposed appointment comes…
City Union Bank Ltd. is set to see a leadership transition with Vijay Anandh slated to assume the role of Managing Director and Chief Executive Officer. The appointment has received approval from the Reserve Bank of India and is scheduled to take effect from May 1, 2026, subject to shareholder approval. The development marks an…
Private sector lender YES Bank on Monday confirmed that the Reserve Bank of India has approved the appointment of Vinay Muralidhar Tonse as its Managing Director and Chief Executive Officer for a term of three years. The approval was conveyed by the central bank through a letter dated February 3, 2026, and will come into…
Airpay Payment Services has secured authorisation from the Reserve Bank of India to function as a cross-border payment aggregator, completing its approvals under the central bank’s unified payment aggregator regime. With permissions now covering online (PA-O), offline (PA-P) and cross-border (PA-CB) categories, the Mumbai-headquartered firm enters a select group of payment players offering full-spectrum aggregation…
