Top bank official

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Banking, Fintech & Insurance 20 Oct 2026, 05:00 PM IST

HSBC Deploys Over Half of $1 Billion India Startup Fund as Demand Broadens

HSBC has already deployed more than half of its $1 billion India startup financing commitment within a year, underscoring strong demand for growth capital in one of the world’s most active venture markets. A top bank official said the lender is open to increasing the size of the programme as opportunities expand beyond consumer internet businesses into sectors such as space technology and biomedical innovation.

By RDU Global Wire5 min read

Global Markets & Equities15 Oct 2026, 10:11 PM IST

Swiss Top Court Upholds Bonus Cuts for Former Credit Suisse Bankers After UBS Takeover

Switzerland’s top court has upheld the government’s decision to strip bonuses from former Credit Suisse bankers after the lender’s emergency takeover by UBS, closing the bankers’ final legal avenue to recover the pay. The ruling reinforces the state’s authority to intervene in compensation disputes tied to the 2023 rescue of Credit Suisse and underscores the political sensitivity surrounding executive pay in a bank failure.

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Banking, Fintech & Insurance14 Oct 2026, 04:28 AM IST

RBI Weighs Anup Bagchi for HDFC Bank Top Job, Seeks Regulator and Bank Feedback

The Reserve Bank of India is actively assessing Anup Bagchi as a potential chief executive for HDFC Bank and has sought feedback from both the insurance regulator and ICICI Bank, where he spent much of his career. The central bank is examining whether Bagchi’s three-year absence from mainstream banking should affect his eligibility for one of India’s most sensitive private-sector appointments.

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National Governance & Policy14 Oct 2026, 12:20 AM IST

Former Financial Services Secretary Nagaraju Maddirala Named IL&FS Chairman and Managing Director for Two Years

Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of IL&FS for a two-year term, the Ministry of Corporate Affairs confirmed on October 12. His appointment comes as the infrastructure financier remains under government oversight following its earlier debt crisis and restructuring process.

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Global Economy & Central Banks13 Oct 2026, 09:12 AM IST

Saudi Arabia Says Drones and Missiles Still Targeting Kingdom as Houthi Attacks Intensify

Saudi Arabia said Monday it was still intercepting drones and missiles aimed at the kingdom, underscoring a renewed escalation by Iran-backed Houthi forces in Yemen. The attacks highlight the continuing security risk to the world’s top oil exporter and raise fresh concerns about regional stability, energy infrastructure and broader market sentiment.

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Global Markets & Equities13 Oct 2026, 07:50 AM IST

Prediction Markets See Inflation Peaking in 2026, but Price Pressures Remain Sticky

Prediction markets are signaling that inflation may have already reached, or is close to reaching, its high point for 2026, but traders are not betting on a swift return to central bank comfort zones. Core inflation, which strips out food and energy, is still expected to remain stubbornly elevated, with little market conviction that it will fall to 2.2% this year. The pricing underscores a cautious outlook for policymakers who have spent the past two years trying to cool demand without triggering a sharper economic slowdown.

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National Governance & Policy12 Oct 2026, 07:29 AM IST

CEA Seeks MSME-Specific NPA Norms as Finance Ministry Signals Review

India’s Chief Economic Adviser has called for a more tailored approach to classifying non-performing assets for micro, small and medium enterprises, arguing that standard lending rules can misread the sector’s uneven cash flows and working-capital cycles. The Finance Ministry, according to policy signals, is open to reviewing the framework, underscoring a broader effort to balance credit discipline with the realities of small-business financing.

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Banking, Fintech & Insurance11 Oct 2026, 06:27 PM IST

Apple Pay Launches in India With Axis Bank Visa and Mastercard Credit Cards

Apple Pay has officially entered the Indian market, enabling Axis Bank credit card holders to make contactless payments using Visa and Mastercard cards on Apple devices. The launch adds a new premium layer to India’s fast-evolving digital payments landscape, with a strong emphasis on security, privacy and convenience. For consumers, it broadens payment choice; for banks and merchants, it raises the competitive bar in a market already dominated by UPI and QR-based transactions.

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Co-Occurring Entities

Entities frequently referenced alongside Top bank official:

India(1)HSBC(1)