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The day’s financial headlines, decoded.
NewsNationwide opens Hyderabad GCC as global insurers shift India strategy to innovation
US insurance giant Nationwide has launched a Global Capability Centre in Hyderabad, signalling a broader pivot by global financial services firms toward India as a strategic innovation hub rather than a cost-play destination.
24 Jun 20261 min read
NewsHow Bandhan Bank became India's first microfinance-to-universal bank in 14 years
Chandra Shekhar Ghosh left a ₹5,000/month salary to build a microfinance institution on trust. The RBI's 2015 universal banking licence made Bandhan the first MFI to cross that bridge.
20 Jun 20261 min read
NewsRajiv Bajaj steps down from all financial services board roles to focus on auto expansion
The Bajaj Auto managing director is ending directorships across the group's financial services empire to concentrate on automotive and mobility initiatives, including a new tech unit and credit platform.
9 Jun 20261 min read
NewsED arrests real estate businessman in ₹645 crore embezzlement case tied to banks
Vikram Wadhwa arrested under PMLA over alleged siphoning of public funds from IDFC FIRST Bank accounts. Investigators trace ₹70 crore diverted to his personal accounts through shell companies and jewelers.
2 Jun 20261 min read
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