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Recent 6 months news in Banking

146 News
16 April 2026 BANKING

The SEBI has introduced a two-pronged, one-time relief measure for companies to ease IPO validity timelines and Minimum Public Shareholding (MPS) compliance requirements.

The measure extends the validity of “SEBI Observation Letters” (IPO approvals) that expire between April and September 2026 until September 2026. SEBI also granted a one-time relaxation for listed companies to meet the 25% MPS threshold if their deadlines fall within the same period of April to September 2026.

15 April 2026 BANKING

CSB Bank Ltd, one of the oldest private sector banks in India, has launched its first dedicated retail savings product named “SMART SAVE ACCOUNT”.

The move aims to strengthen the liquidity of the bank and expand the retail banking portfolio of CSB through automated and customer-centric solutions.

15 April 2026 BANKING

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a sub-committee of the Insurance Advisory Committee (IAC) to examine the current state of private health insurance in India.

The initiative aims to improve consumer experience and increase the reach of health insurance by building trust among policyholders.

The sub-committee is tasked with reviewing critical parameters, providing advice, and overseeing digital transformation.

15 April 2026 BANKING

The Pension Fund Regulatory and Development Authority (PFRDA) has approved PPFAS Asset Management Company (AMC) to act as a sponsor for a pension fund under the National Pension System (NPS).

PPFAS AMC, a subsidiary of Parag Parikh Financial Advisory Services Limited, will set up a separate pension fund company to invest in Equities (EQ), Government Securities (G-Secs), and Corporate Bonds (CBs). Currently, there are 10 AMCs authorized to function as fund managers under the NPS framework.

It is to be noted that the NPS was launched in 2004 for government employees and was extended to all citizens in 2009, allowing individuals to choose and switch between various fund managers.

14 April 2026 BANKING

Bajaj Alternate Investment Management (Bajaj Alts), the alternative investment arm of Bajaj Finserv, has received approval from the Securities and Exchange Board of India (SEBI) to launch Portfolio Management Services (PMS).

This licence allows the firm to expand its operations beyond its existing Alternative Investment Fund (AIF) business into the actively managed listed equities space.

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