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Anil Agarwal

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Last Updated: Just Now
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Startups & Venture Capital 03 Oct 2026, 05:47 AM IST

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving a long-running debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a sustainable revenue model for banks, payment firms and merchants.

By RDU Global Wire5 min read
Banking, Fintech & InsuranceJust now (11:48 PM IST)

AU Small Finance Bank Strengthens Leadership Ahead of Universal Bank Shift

AU Small Finance Bank has appointed Anil Agarwal and Amol Padhye to senior leadership roles as it prepares for a transition into a universal bank. The moves come after the lender secured in-principle approval from the Reserve Bank of India and faces an 18-month deadline to complete the conversion.

5 min readRead โ†’
Banking, Fintech & InsuranceJust now (01:07 PM IST)

AU Small Finance Bank Adds Senior Leadership as Universal Bank Transition Nears

AU Small Finance Bank has strengthened its top management with the appointment of Anil Agarwal and Amol Padhye, a move that comes as the lender prepares for a transition into a universal bank. The appointments underscore the bankโ€™s intent to deepen leadership capacity and execution readiness after receiving in-principle approval from the Reserve Bank of India, with the transition to be completed within 18 months.

5 min readRead โ†’
Banking, Fintech & InsuranceJust now (07:26 PM IST)

AU Small Finance Bank Adds Senior Leadership as Universal Bank Shift Nears

AU Small Finance Bank has appointed Anil Agarwal and Amol Padhye to senior leadership roles as it expands its management bench ahead of a planned transition into a universal bank. The moves come after the lender secured in-principle approval from the Reserve Bank of India and now faces an 18-month deadline to complete the shift.

5 min readRead โ†’

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