Financial Sector Sees Strategic Changes and Innovations

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 appointments to drive growth.

In significant sector developments, Yes Bank has appointed S Anantharaman as its new Chief Risk Officer. Previously with Jio Financial Services, Anantharaman brings seasoned expertise in risk management across financial domains.

Meanwhile, a report from NSDL highlights a 129% surge in women's demat accounts, reaching 28 million by early 2026. To encourage this trend, NSDL has launched a campaign offering fee waivers on account settlements.

In a cutting-edge development, Axis Bank now allows customers to update mobile numbers via Aadhaar face authentication, becoming a pioneer in this tech-driven process in India. Additionally, Walmart, in collaboration with Maharashtra's government, will provide digital learning resources to empower small businesses, as announced by Walmart Vriddhi. HDFC Securities also introduced several senior-level appointments, marking strategic growth efforts in an organizational restructuring.

(With inputs from agencies.)