Piramal Enterprises hires Rupen Jhaveri from KKR. An experienced connected hire.

Piramal Enterprises Limited (PEL) has appointed Rupen Jhaveri as Group President, with primary focus on the financial services. Key points to note: This is a newly created position. Jhaveri will be responsible for business development, strategy, merger and acquisition, capital allocation and corporate finance. He has joined from KKR India, where he was the Managing … Read more

RBI brings NBFCs on par with banks in new PCA framework

To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms … Read more

PB Fintech to set up an Account Aggregator subsidiary

PB Fintech’s board has approved to set-up a wholly owned subsidiary to carry on the business of an Account Aggregator (AA). Key points to note – Account Aggregator Network – a financial data sharing system was recently introduced in India in September 2021. An Account Aggregator (AA) is a type of RBI regulated entity (with … Read more