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DGCA deputy director

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Macro Economy & Fiscal Policy 05 Oct 2026, 02:00 PM IST

CBI Arrests DGCA Deputy Director in Tamil Nadu Bribery Probe

The Central Bureau of Investigation has arrested a deputy director of the Directorate General of Civil Aviation in Tamil Nadu in a bribery case, intensifying scrutiny of corruption risks inside India’s aviation regulatory apparatus. The arrest underscores the agency’s continuing focus on alleged abuse of public office in sectors where regulatory discretion can carry significant commercial value.

By RDU Global Wire5 min read
Banking, Fintech & Insurance05 Oct 2026, 02:22 PM IST

Banks Set to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Banks are likely to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He indicated that the central bank will not direct lenders toward specific sectors, leaving banks to allocate funds based on viable credit proposals across a broad range of industries.

4 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 08:06 AM IST

Banks’ Biggest Risks Are Now Inside Their Tech Stack, RBI Deputy Governor Says

RBI Deputy Governor Rohit Jain said banks can no longer treat technology as a back-office utility, arguing that it has become the core of their risk architecture. He called for stronger governance, cybersecurity, third-party oversight and tighter controls on artificial intelligence as financial resilience increasingly depends on technological resilience.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 03:20 PM IST

RBI Deputy Governor Says UPI Merchant Fee on High-Value Payments Will Not Trigger a Cash Surge

Reserve Bank of India Deputy Governor Shirish Chandra Murmu has said the introduction of a merchant discount rate on UPI payments above Rs 2,000 from October 15 should not be assumed to push consumers back toward cash. He argued that India’s payments landscape shows a more complex pattern, with digital transactions expanding even as cash in circulation also rises.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 02:59 PM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds: RBI Deputy Governor

Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season borrowing demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and prevailing demand across the economy.

5 min readRead →
National Governance & Policy03 Oct 2026, 06:45 PM IST

Telangana Deputy CM, Ministers Ride Hyderabad Metro and Bus on Common Pass in Public Transit Push

Telangana’s Deputy Chief Minister and Cabinet ministers travelled across Hyderabad using the HMR-TGSRTC common pass, moving between metro rail and bus services in a visible show of support for integrated public transport. During the journey, the ministers interacted with passengers and commuters, underscoring the government’s effort to promote seamless urban mobility and wider adoption of the unified travel system.

5 min readRead →
Global Health & Biotech04 Oct 2026, 06:07 PM IST

Milt Windler, NASA Flight Director Who Helped Save Apollo 13, Dies at 94

Milt Windler, the NASA flight director whose calm leadership helped guide Apollo 13 safely back to Earth after a catastrophic explosion in space, has died at 94. His death closes a chapter in the era when mission control became a symbol of American technical discipline, institutional resilience, and high-stakes problem-solving under pressure.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 05:46 PM IST

HDFC Bank Names ICICI Veteran Anup Bagchi as Managing Director and CEO

HDFC Bank has appointed Anup Bagchi, a long-serving ICICI Bank executive with deep experience across banking, insurance and financial services, as its new Managing Director and Chief Executive Officer. His appointment takes effect on October 27, succeeding Sashidhar Jagdishan, whose term ends a day earlier, after receiving Reserve Bank of India approval.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 03:47 AM IST

Kotak Mahindra Bank Names Anup Kumar Saha as Managing Director and CEO

Kotak Mahindra Bank has appointed Anup Kumar Saha as its next Managing Director and Chief Executive Officer for a three-year term beginning January 1, 2027. Saha, currently an Executive Director at the lender, brings more than 32 years of experience in financial services and has already handled multiple responsibilities within the bank since joining in January 2026.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 06:30 AM IST

HDFC Bank Names ICICI Veteran Anup Bagchi as Managing Director and CEO

HDFC Bank has appointed Anup Bagchi, a long-serving ICICI Bank executive with deep experience across banking, insurance and financial services, as its new Managing Director and Chief Executive Officer. The appointment, effective October 27, follows Reserve Bank of India approval and comes as Sashidhar Jagdishan’s term ends on October 26.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 03:59 AM IST

HDFC Bank Names ICICI Veteran Anup Bagchi as New Managing Director and CEO

HDFC Bank has appointed Anup Bagchi, a long-serving ICICI Bank executive with deep experience across banking, insurance and financial services, as its new Managing Director and Chief Executive Officer. His appointment takes effect on October 27, following Reserve Bank of India approval, and he will succeed Sashidhar Jagdishan when the incumbent’s term ends on October 26.

6 min readRead →

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