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News

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IBBI seeks to boost safeguards in personal guarantor resolution process | India News

44+ min ago   (665+ words) Regulator IBBI has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor from voting on the repayment plan. Besides, the watchdog plans to make…...

@bsindia
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Indian banks bet on AI but hold back on scale amid deployment concerns

2+ hour, 10+ min ago   (135+ words) When it comes to end-to-end operational workflows or high-consequence decision-making, deployment drops off sharply Artificial intelligence (AI) has crossed the threshold from experimentation to daily operations in Indian banking As many as seven out of 10 chief data officers (CDOs) report…...

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Regulatory clarity | Editorial Comment

2+ hour, 25+ min ago   (160+ words) In a letter dated September 11, 2026, the RBI informed Tata Sons that the deregistration application had been rejected after the regulator had examined several aspects The long-awaited regulatory clarity on the issue of stock-exchange listing of Tata Sons must be welcomed…...

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Brics Delhi Declaration raises concerns over surge in payment frauds

1+ day, 3+ hour ago   (305+ words) The joint declaration by countries on cross-border fraud, especially through payment systems, is likely the first time that the issue has been raised at such a forum. The New Delhi Declaration, signed by member countries at the 18th Brics Summit, has…...

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HDFC Bank's board approves two names for MD&CEO, sends shortlist to RBI

1+ day, 6+ hour ago   (326+ words) The bank did not disclose the shortlisted candidates. Also, the board inducted Jimmy Tata as executive director and said it would add a whole-time director position as part of succession planning The board of India’s largest private sector lender,…...

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RBI asks Tata Sons to go in for immediate stock market listing

1+ day, 6+ hour ago   (373+ words) RBI has rejected Tata Sons’ application seeking exemption from the core investment company category and asked the Tata group holding company to proceed with an immediate stock market listing. (File photo of Bombay House) The Reserve Bank of India (RBI)…...

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HSBC CFO Succession: Who Could Replace Pam Kaur in 2027?

1+ day, 8+ hour ago   (581+ words) HSBC is set to begin its search for a new CFO after Pam Kaur announced plans to retire in 2027. Here are the internal and external candidates in contention....

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Rally in oil prices continues to batter the INR

3+ day, 14+ hour ago   (330+ words) The Indian rupee slumped sharply on Thursday as Brent oil hit 104 and soaring nearly 15% since the start of September amid escalatory strikes between Iran and the US. INR depreciated 38 paise to close at 95.46 (provisional) against the US dollar. Brent crude…...

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HSBC's first female CFO Pam Kaur to step down from role in 2027 | World News

3+ day, 49+ min ago   (376+ words) HSBC said its board has started to ​look for a successor, and will consider "both internal and external candidates". HSBC Chief Financial Officer Pam Kaur plans to step down in 2027, the bank said on Thursday, the latest high-profile executive departure…...

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Fintechs should treat customer data as fiduciary responsibility: RBI Guv

3+ day, 14+ hour ago   (504+ words) RBI Guv asks fintechs to treat customer data as fiduciary responsibility Business Standard...