Vishwanath Nair

This comes at a time when other peers are taking a back seat on infrastructure loans, ahead of the central bank's tougher provisioning norms.

In many ways Shashi Ruia's journey coincides with India's growth from a new democracy to a global powerhouse.

Reserve Bank of India's October data reveals an 11% rise in unsecured personal loans and 17% growth in credit card loans year-on-year, alongside a decline in overall non-food credit growth to 11.5%.

Bajaj Finance's decision to exit co-branded partnerships follows regulatory changes by the Reserve Bank of India, which limit non-banking partners' role in such agreements.

Bajaj Finance's decision to exit co-branded partnerships follows regulatory changes by the Reserve Bank of India, which limit non-banking partners' role in such agreements.

At its peak, Bajaj Finance sold over 19 lakh co-branded credit cards in a year, with RBL Bank accounting for most.

Sanjay Malhotra, currently serving as the Secretary of Revenue in the Ministry of Finance, will succeed Shaktikanta Das.

Shaktikanta Das is set to complete six years as the Reserve Bank of India Governor, solidifying his position as one of the longest-serving leaders in the bank's history.

Shaktikanta Das leaves a Reserve Bank of India that is on much firmer footing than when he came in.

As long as bonafide decisions are taken with the right intention, Malhotra said, he will always stand by his staff.