Spandana Sphoorty Financial

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Banking, Fintech & Insurance 04 Nov 2026, 05:00 PM IST

Spandana Sphoorty Flags Rs 7.8 Crore Cyber Fraud, Seeks Bank Reversal

Spandana Sphoorty Financial reported unauthorized transactions worth Rs 7.8 crore after detecting a cyber fraud incident on Sunday, triggering immediate containment measures and a formal request to its bank to reverse the transfers. A senior company official said the microfinance lender has insurance coverage for the losses, while investigations into the breach and the associated services are underway.

By RDU Global Wire5 min read

Banking, Fintech & Insurance02 Nov 2026, 02:00 PM IST

Regional Rural Banks to Build Cybersecurity Centres as India Tightens Financial Defences

Regional rural banks are preparing to establish cybersecurity operations centres and expand threat-intelligence capabilities as part of a broader reform push to harden the financial system against digital attacks. The initiative comes amid heightened concern over ransomware risks and will also include vulnerability assessments, incident response readiness and enterprise data warehouse upgrades to improve reporting and data governance.

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Banking, Fintech & Insurance01 Nov 2026, 08:00 PM IST

Affluent Indians Are Rethinking Retirement as Competing Financial Priorities Multiply: HSBC

Affluent Indian investors are increasingly treating retirement not as a fixed endpoint but as one goal among several, as longer lifespans, changing careers and family obligations reshape financial planning, according to HSBC. The bank says this shift is driving demand for more flexible wealth strategies and professional guidance that can balance retirement, education, healthcare and intergenerational support.

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Banking, Fintech & Insurance01 Nov 2026, 05:00 PM IST

PM Modi to Inaugurate RBI Data Centre in Bhubaneswar, Boosting Financial Security and Digital Infrastructure

Prime Minister Narendra Modi is scheduled to inaugurate the Reserve Bank of India’s new data centre and Cybersecurity Training Institute in Jatni, near Bhubaneswar, on Sunday. The facility is expected to strengthen payment and settlement systems, reinforce cyber resilience in the financial sector, and add momentum to Odisha’s digital infrastructure push.

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Markets, IPOs & Wealth31 Oct 2026, 02:00 PM IST

Eight Midcap Stocks Post Over 100% Profit Growth in Q2FY27, Led by Max Financial, One97 and Poonawalla Fincorp

Eight NSE midcap companies delivered more than 100% year-on-year profit growth in Q2FY27, underscoring a sharp earnings revival across select consumer, financial and technology-linked names. StockEdge data shows Max Financial Services, One97 Communications and Poonawalla Fincorp among the strongest performers, highlighting how operating leverage and improving business momentum are reshaping midcap earnings trends.

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Macro Economy & Fiscal Policy31 Oct 2026, 08:00 AM IST

Affluent Indians Are Rewriting Retirement Plans as Competing Financial Priorities Converge: HSBC

Affluent Indian investors are increasingly treating retirement not as a single end-state but as one of several overlapping financial goals, according to HSBC. Longer life expectancy, changing career paths and rising responsibilities toward children and ageing parents are pushing households to seek more flexible wealth strategies. The shift is strengthening demand for professional advice, diversified portfolios and retirement planning that can adapt to uncertainty.

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Global Markets & Equities30 Oct 2026, 08:00 AM IST

Porsche Writedown Deepens Volkswagen’s Financial Strain as China Slump Bites

Volkswagen has been pushed deeper into the red after a steep writedown tied to Porsche, compounding pressure from a weakening China business and an expensive restructuring effort. The loss marks one of the group’s worst results in more than a decade and raises fresh questions about how quickly management can restore profitability across its core brands.

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Co-Occurring Entities

Entities frequently referenced alongside Spandana Sphoorty Financial:

Senior company official(1)India(1)Bank(1)