The Banking and Finance Post

For decades, commercial lending has been built on experience. Relationship managers nurtured client portfolios, credit committees evaluated risk, and underwriters relied on financial statements and historical performance to make lending decisions. While technology gradually digitized paperwork and workflows, the core operating model remained largely unchanged. That model is now reaching its limits. Commercial lending is becoming significantly more complex. Borrowers expect faster decisions.

Personal loans have become a popular financing option for managing planned expenses as well as unexpected financial requirements. With digital lending platforms and streamlined application processes, borrowers can now apply for loans online and, subject to eligibility and lender policies, receive funds within a relatively short period. However, obtaining quick approval and disbursal requires proper preparation and an understanding of the application process.

New Delhi: Digital payments and fintech major PhonePe has appointed Srijon Biswas as its new Chief Technology Officer (CTO) with immediate effect, marking a key leadership transition as the company continues to strengthen its technology and product capabilities. Biswas, who has been associated with PhonePe for nearly a decade, previously served as the Head of Engineering.

Chennai, July 9: The 23rd Elets NBFC100 Tech Summit 2026 was held in Chennai on July 9, bringing together senior leaders from NBFCs, housing finance companies, fintech firms, technology providers and industry associations to discuss the future of India’s lending ecosystem.

New Delhi: Digital lending platform Fibe (formerly EarlySalary) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹750 crore through an initial public offering (IPO). The proposed public issue comprises a fresh issue of equity shares worth ₹750 crore along with an Offer for Sale (OFS) of up to 4 crore equity shares by existing shareholders, including co-founders Akshay Mehrotra and Ashish Goyal.

New Delhi: Axis Max Life Insurance has partnered with GreyLabs AI to deploy its Voice AI Suite, enabling the insurer to analyse 100% of meaningful customer conversations and significantly enhance sales effectiveness. The AI-powered deployment has contributed to an approximately 15% improvement in sales conversions, while strengthening customer intelligence, agent performance, and product development. The deployment marks a major step in Axis Max Life’s digital transformation journey.

New Delhi: The Reserve Bank of India (RBI) has appointed Ravi Shankar as the new Executive Director with effect from July 1, 2026. Ravi Shankar will look after the Department of Statistics and Information Management. Prior to his promotion as Executive Director, he was serving as Advisor-in-charge in the same department.

New Delhi: Fintech major BharatPe has rebranded its lending subsidiary Trillionloans as BharatPe Capital, marking a strategic move to unify its lending operations under the BharatPe brand and reinforce its long-term vision for digital credit. The rebranding is aimed at creating a single, cohesive identity for BharatPe’s lending business while strengthening its position in India’s rapidly growing digital lending ecosystem.

Introduction Financial planning often begins with setting realistic savings goals and understanding how money can grow over time. While many individuals focus on making regular deposits, estimating potential returns is equally important. A savings interest calculator can help account holders project potential earnings and make more informed financial decisions.

Mumbai: HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its Part-Time Chairman, marking a significant leadership development that underscores the growing importance of governance, regulatory expertise, and institutional leadership in India’s banking sector.