BANKING & FINANCE Mahindra Finance Eyes Disciplined Growth, AI-Led Transformation

Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) will focus on disciplined growth, deeper customer relationships and a diversified lending franchise as it enters a “more deliberate phase of growth.” In his message to shareholders, Chairman Anish Shah said the company’s priority remains to strengthen its leadership in vehicle financing while gradually building a more […]

CW Bureau · Jun 26, 2026

BANKING & FINANCE IDBI Bank To Focus On Customer-Centric, AI-Driven Banking Model

Private sector lender IDBI Bank will continue its transition towards a trust-led and customer-driven banking model, with a strong focus on customer satisfaction, customised products and seamless banking experiences. The bank’s strategic direction will remain anchored around building a customer-focused banking franchise while deepening relationship engagement and enhancing service delivery across channels. Retail focus The […]

CW Bureau · Jun 25, 2026

BANKING & FINANCE HDFC Life Steps Up Gen AI, Analytics And Digital Spending To Fuel Growth

HDFC Life Insurance Company is strengthening investments in advanced analytics, digital infrastructure, automation and Generative AI-led capabilities across its value chain as it seeks to enhance customer experience, improve operational efficiency and strengthen risk management. In his message to shareholders in the company’s Annual Report 2026, chairman Keki M Mistry said the insurer remains focused […]

CW Bureau · Jun 25, 2026

BANKING & FINANCE Gold Loan Lenders Well Protected Against Gold Price Correction Risks

Domestic gold loan lenders remain well insulated from risks arising out of potential corrections in gold prices, backed by strong risk management practices, prudent loan-to-value (LTV) ratios and efficient recovery mechanisms, according to a report by Crisil Ratings. The report noted that despite the recent increase in the regulatory LTV ceiling to 85% for loans […]

CW Bureau · Jun 25, 2026

BANKING & FINANCE India’s Non-Life Insurance Premiums Increase 8.7% To ₹24,195 Cr In May

India’s non-life insurance industry reported gross direct premiums of ₹24,195 crore in May 2026, registering a year-on-year (y-o-y) growth of 8.7%, according to a CareEdge Ratings report. The growth was driven primarily by strong momentum in health insurance, particularly the retail health segment, along with sustained expansion in motor insurance. Private insurers gain market share […]

CW Bureau · Jun 24, 2026

BANKING & FINANCE Policybazaar Unveils India’s First Health Claims Experience Index

Policybazaar has unveiled the Health Claims Experience (HCX) Index, which it describes as India’s first benchmark designed to measure how customers experience the health insurance claims journey. The index has been launched as part of the second edition of its nationwide consumer study, Is India Happy with Health Insurance Claims? 2.0. Measuring customer experience beyond […]

CW Bureau · Jun 22, 2026

BANKING & FINANCE SBI, NIIT Foundations Skill 350 Youth For BFSI Sector, Enable Jobs For 100

SBI Foundation and NIIT Foundation have enrolled nearly 350 young people and facilitated employment opportunities for more than 100 candidates under their industry-linked skilling initiative aimed at building a future-ready talent pipeline for India’s banking, financial services and insurance (BFSI) sector. Implemented under the SBIF LEAP – Skilling for the Future in Banking, Financial Services […]

CW Bureau · Jun 22, 2026

BANKING & FINANCE RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]

CW Bureau · Jun 20, 2026

BANKING & FINANCE YES Bank, Northern Arc Capital Tie Up For Credit Access, Digital Lending

YES Bank and Northern Arc Capital have entered into a strategic partnership to expand access to credit, scale digital lending and provide debt investment opportunities to customers. The collaboration brings together YES Bank’s balance-sheet strength, digital infrastructure and distribution capabilities with Northern Arc Capital’s underwriting expertise, technology platforms and origination network to expand formal credit […]

CW Bureau · Jun 19, 2026

BANKING & FINANCE Lloyd’s Insurance Inks Pact With ICICI Lombard General Insurance For India

By Venkatachari Jagannathan The UK-headquartered global insurance marketplace for primary insurance and reinsurance Lloyd’s has strengthened its multinational offering by entering into an agreement with ICICI Lombard General Insurance Company Ltd. Under the agreement, ICICI Lombard will act as Lloyd’s India partner and issue local policies on behalf of Lloyd’s managing agents for selected lines […]

CW Bureau · Jun 19, 2026

BANKING & FINANCE Prudence First: TMB Targets Growth Without Compromising Asset Quality

Tamilnad Mercantile Bank (TMB) is strengthening its focus on secured lending, MSME financing and digital transformation as it pursues sustainable growth while maintaining one of the strongest asset quality profiles in the banking industry, according to the bank’s Managing Director and CEO Salee S Nair. In his message to shareholders in the Annual Report 2025-26, […]

Sajan C Kumar · Jun 18, 2026

BANKING & FINANCE Keki Mistry’s Interim Tenure At HDFC Bank Gets Extended Until September

The Reserve Bank of India (RBI) has approved an extension of the tenure of Keki Mistry as Interim Part-time Chairman of HDFC Bank for a further period of three months, until September 18, 2026, or until the appointment of a regular Part-time Chairman, whichever is earlier. The extension comes amid the bank’s ongoing efforts to […]

CW Bureau · Jun 18, 2026