#Bfsi News

SBI Advances Vodafone Idea’s ₹35,000 Crore Loan; NaBFID Eyes ₹4,000 Cr

SBI has appraised Vodafone Idea’s ₹35,000 crore financing proposal. PNB, Union Bank, and NaBFID are now evaluating their exposures to fund the telecom operator's massive ₹45,000 crore 4G and 5G network expansion plan over three years.

Angel One Overtakes Zerodha as India's No. 2 Broker by Active Clients

Angel One added 2.43 lakh active clients on the NSE in October, pushing past Zerodha to become India's second-largest stockbroker. Groww maintains a dominant lead as regulatory shifts reshape the digital brokerage landscape across the country.

PFRDA's ₹100 Lakh Crore NPS Target: UPI and Banks to Drive Growth

The pension regulator plans to leverage India's banking and digital payments infrastructure to accelerate National Pension System enrolments. With a ₹250 entry point via Tatkal NPS, the ₹100 lakh crore asset target reshapes retirement savings

NSE Q2 Results: Profit Hits ₹2,578Cr; Board Clears 40% Coal Exchange Sale

The National Stock Exchange posted a 23% YoY profit jump to ₹2,578 crore in Q2 FY27. However, tighter SEBI rules drove a sequential profit drop, even as the board approved a massive 40% stake sale in its new National Coal Exchange venture.

TVS Holdings Injects ₹484 Cr in Home Credit for Mega-NBFC Merger

TVS Holdings invested ₹483.91 crore into Home Credit India Finance through a fresh equity allotment. The move strengthens the NBFC's capital buffer as its loan book reaches ₹6,456 crore ahead of a massive group-wide financial restructuring.

Karnataka Bank Promotes 4 Executives to CGM & GM Amid Tech Pivot

Karnataka Bank elevates four veteran executives to CGM and GM roles. Discover how these internal promotions, alongside a new CTO and record Q2 FY27 profits, signal a major technology, risk, and regulatory compliance pivot for the lender.

Fairfax Brings HDFC Veterans to IDBI Bank in ₹52,878 Crore Deal

Fairfax Financial brings legendary HDFC veterans Deepak Parekh and Paresh Sukthankar into IDBI Bank. With N. S. Kannan proposed as chairman, explore how Prem Watsa is building an elite governance shield to dominate India's banking landscape.

LIC Independent Directors: Why 5 Banking, RBI & IAS Legends Just Joined India’s Insurer Titan!

India’s largest life insurer has officially revamped its board. Top experts from the RBI, Federal Bank, Exim Bank, IAS, and fintech sectors are moving in. Here is why this major shift changes everything for policyholders and investors.

Sidharatha Mishra Named ICICI Life MD & CEO for Five-Year Term

ICICI Bank veteran Sidharatha Mishra has been named the next MD & CEO of ICICI Life Insurance for a five-year term, succeeding Anup Bagchi. Here's a detailed look at his career, appointment timeline and the strategic challenges awaiting him.

Bank of Baroda Names KM Salam as Deputy CISO in Major Cyber Push

K.M. Salam brings 18 years of Union Bank experience to his new role. He will lead Bank of Baroda's cyber defense after a major 1 TB data leak.

Bandhan Bank Names Vinay Jain Interim CFO Amid Key Management Restructuring

With over two decades of experience, Vinay Jain steps in to steer Bandhan Bank's financial strategy through Q1 FY27 margin pressures and a revised regulatory governance framework.