Banks Drive Innovation with Key Appointments and Digital Upgrades
India's financial sector is witnessing a wave of strategic changes aimed at strengthening operations and enhancing customer accessibility. A key development is YES Bank's appointment of S Anantharaman as its new Chief Risk Officer (CRO). Anantharaman brings extensive experience from his previous role as Group CRO at Jio Financial Services, where he was instrumental in building the firm's risk management architecture, and prior to that, at Bank of Baroda. This move is seen as a significant step to bolster the private lender's risk management framework. In a major push for financial inclusion, the National Securities Depository Limited (NSDL) has launched a new 'Women Plan' initiative. This program offers a complete waiver on settlement fees for three years to women opening new demat accounts between April 2026 and March 2027. The move is a direct response to a surge in women's participation in the markets, with their demat accounts having already crossed 28 million, and aims to make investing more accessible and affordable. Simultaneously, Axis Bank has introduced a pioneering digital feature, becoming one of the first leading Indian banks to allow customers to update their registered mobile number using Aadhaar-based Face Authentication directly through its mobile banking app. This innovation eliminates the need for physical branch visits, offering a secure and seamless process that can be completed in three simple steps, marking a significant leap in digital banking convenience. These developments, alongside other strategic appointments at firms like HDFC Securities, reflect a broader industry trend of leveraging technology and strategic hiring to drive growth, improve security, and foster greater inclusivity within the Indian financial ecosystem.
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Yes Bank appoints S Anantharaman as CRO, boosting its risk management. NSDL reports a surge in women's demat accounts. Axis Bank introduces mobile number updates via Aadhaar face authentication. Walmart partners with Maharashtra for digital learning. HDFC Securities unveils senior-level ...
He joins YES Bank from Jio Financial Services, where he served as Group Chief Risk Officer and was instrumental in building the firm’s risk management architecture across lending, payments, insurance broking, and asset management businesses. Prior to that, he was the CRO at Bank of Baroda, ...
Yes Bank appoints S Anantharaman as CRO, boosting its risk management. NSDL reports a surge in women's demat accounts. Axis Bank introduces mobile number updates via Aadhaar face authentication. Walmart partners with Maharashtra for digital learning. HDFC Securities unveils senior-level ...
NSDL waives settlement fees for women opening new demat accounts - The HinduBusinessLine
Digital access to daily edition e-PaperSubscribe to Newsletters ... THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Updated - April 01, 2026 at 08:14 PM. | Mumbai, Apr 1 ... https://www.thehindubusinessline.com/markets/nsdl-waives-settlement-fees-for-women-opening-new-demat...
NSDL Launches Women Investment Plan, Offers Zero Settlement Fees For 3 Years To Boost Participation
NSDL has launched a Women Plan offering zero settlement fees for three years on new demat accounts opened by women between April 2026 and March 2027. The move comes as women investors surge in India, with accounts crossing 28 million, aiming to make investing easier and more affordable.
Axis Bank launches Aadhaar Face Authentication for mobile number update: How it works - The Economic Times
Axis Bank introduces a new digital feature for customers. You can now update your registered mobile number using Aadhaar-based face authentication directly on the mobile banking app. This eliminates the need for branch visits. The process involves three simple steps: entering your new number, ...
Axis Bank rolls out Aadhaar Face Authentication for mobile number updates, ETBFSI
Axis Bank now allows customers to update their registered mobile numbers using Aadhaar Face Authentication on its mobile banking app. This is a first for leading Indian banks. The process is simple and secure. Customers can update their number digitally in three steps.
Axis Bank launches registered mobile number update journey via Aadhaar Face Authentication - The HinduBusinessLine
Digital access to daily edition e-PaperSubscribe to Newsletters ... THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Updated - April 01, 2026 at 09:41 PM. ... https://www.thehindubusinessline.com/money-and-banking/axis-bank-launches-registered-mobile-number-update-journey-via-aadhaar-face-authentication...
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