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At TechSparks 2026, leaders from Skydo and PhonePe framed India’s fintech opportunity as a question of infrastructure, not just innovation. The discussion underscored that scaling cross-border payments, compliance, and operational efficiency will determine whether Indian fintech can compete beyond domestic markets.
HSBC has hired Paras Jain from Cantor Fitzgerald to head its global technology, media and telecom investment banking franchise, according to people familiar with the matter. Jain, who is set to join in November, is expected to help the bank deepen its reach in Asia and the Middle East as HSBC sharpens its focus on businesses where it sees stronger competitive advantage.
HSBC has hired Paras Jain, the former Cantor Fitzgerald banker who built the firm’s technology investment banking franchise, to lead its global technology, media and telecoms banking business, according to sources familiar with the matter. Jain is expected to start in November as HSBC sharpens its focus on sectors where it believes it can win share, particularly across Asia and the Middle East.
Indian 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 any specific sector, leaving deployment decisions to banks based on the quality of credit proposals and prevailing demand across the economy.
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