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Dugar Finance raises 5 million to expand rural lending with tech and risk upgrades

Dugar Finance raises 5 million to expand rural lending with tech and risk upgrades

Dugar Finance has raised $5 million in a pre-Series A round led by HegdInvst, with plans to deepen its footprint in semi-urban and rural markets. The additional capital will be used to strengthen technology and risk management systems, positioning the fintech for its next growth phase and smoother scaling of operations.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI chairman predicts AI will overhaul financial markets risk and infrastructure from clearing to resilience

SBI chairman predicts AI will overhaul financial markets risk and infrastructure from clearing to resilience

State Bank of India chairman CS Setty says AI is set to revolutionize financial market infrastructure. He expects major changes in how risk is handled, with clearing organizations like Clearing Corp of India moving from post-trade processing to earlier, pre-emptive risk management. As systems digitize and scale, Setty stresses that cybersecurity and operational resilience must remain central.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Mumbai richest Ganpati gets INR400 crore insurance cover signaling a major shift in event protection

Mumbai richest Ganpati gets INR400 crore insurance cover signaling a major shift in event protection

India’s event insurance market is growing, currently valued around INR90 crore. This year, GSB Seva Mandal set a record with INR400.58 crore insured coverage for its five-day festival, underscoring rising demand for comprehensive protection as assets grow richer, crowds swell, and associated risks multiply for organizers and insurers.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Small cap funds reopen unevenly as some keep gates shut for liquidity risk

Small cap funds reopen unevenly as some keep gates shut for liquidity risk

Several small-cap mutual funds that had temporarily restricted inflows due to stretched valuations and high liquidity are now reopening, but not uniformly. Some have lifted gates, while others—especially larger funds—remain closed, citing capacity limits and liquidity risks. Investors are urged to treat these moves as disciplined risk management, not signals to time the market.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India launches maritime insurance pool to keep trade afloat in conflict zones

India launches maritime insurance pool to keep trade afloat in conflict zones

Indian public sector insurers have created a maritime risk-sharing pool to protect shipping to conflict-affected areas as international insurers reduce or withdraw coverage. The move targets rising uncertainty from renewed hostilities, aiming to keep sea trade moving by sharing losses within the pool and stepping in where global underwriting has become risk-averse.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Companies face rising resume and background check discrepancies threatening hiring trust

Companies face rising resume and background check discrepancies threatening hiring trust

A new report finds hiring-related discrepancies are becoming a serious risk for employers. In early FY 2025-26, resume discrepancies are as high as five percent, while background checks uncover gaps in employment history, addresses, and education. White-collar hires show 4.33 percent discrepancies and gig-workers 5.6 percent, straining organizational trust and increasing risk exposure.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Finance Ministry to expand Actuaries Act bringing data science and risk management into rulebook

Finance Ministry to expand Actuaries Act bringing data science and risk management into rulebook

The Finance Ministry plans to update the Actuaries Act, 2006, widening the definition of actuarial science to include data science and risk management. It also proposes a new regulatory framework for actuarial firms. The bill is expected during the monsoon session, with stakeholder consultations already underway to shape the changes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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