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AU Small Finance Bank has appointed Anil Agarwal and Amol Padhye to senior leadership roles as it prepares for a planned transition into a universal bank. The hires come after the lender received in-principle approval from the Reserve Bank of India and must complete the conversion within 18 months.
The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.
The Federal Reserve Board has approved BancFirst Corporation's application to acquire and merge with Spirit BankCorp, Inc., clearing the way for BancFirst to indirectly take control of SpiritBank in Tulsa. The decision also authorizes BancFirst to merge with SpiritBank and establish branches at SpiritBank's existing locations, marking a significant expansion for the Oklahoma City-based lender.
On September 26, 2026, the IRDAI unveiled a transformative draft for the insurtech sector, coinciding with the IPO debut of Moneyview, a leading fintech player. This dual event signals a pivotal moment in India's insurance and technology industries.
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