BANKING & FINANCE Canara Bank Q4 Net Dips By 10% To ₹4,506 Cr On Lower Other Income

Public sector lender Canara Bank reported a 10% decline in standalone net profit for the March quarter at ₹4,506 crore compared with the corresponding period last year, impacted by lower other income and decline in operating profit. Interest income increased 2.7% to ₹31,838 crore, while non-interest income contracted 24% to ₹4,824 crore. Fee-based income, however, rose […]

CW Bureau · May 11, 2026

BANKING & FINANCE RBI, ECB Strengthen Central Banking Ties With Renewed Cooperation Pact

The Reserve Bank of India and the European Central Bank have signed a renewed Memorandum of Understanding (MoU) aimed at deepening cooperation in the field of central banking, signalling stronger institutional engagement between India and the Euro area amid evolving global financial dynamics. The MoU was signed by Governor of the Reserve Bank of India, […]

CW Bureau · May 11, 2026

BANKING & FINANCE CMS Info Systems Bags ₹400-Cr ATM Outsourcing Deal From HDFC Bank

CMS Info Systems has secured a major integrated ATM managed services outsourcing mandate from HDFC Bank, strengthening its position in India’s fast-evolving cash management and banking automation ecosystem. The order is valued at ₹400 crore across 6,000 ATMs. The five-year contract will see CMS Info Systems provide a comprehensive suite of managed services solutions to […]

CW Bureau · May 10, 2026

BANKING & FINANCE Kotak Mahindra Bank Bets On SME, Institutional Segments For Growth

Leading private sector lender Kotak Mahindra Bank Ltd is sharpening its focus on SME and institutional businesses as key growth drivers, while leveraging the group’s diversified financial services structure to scale up its franchise. The SME franchise, which accounts for nearly 24% of the bank’s advances book, continues to anchor primary banking relationships and deliver […]

CW Bureau · May 9, 2026

BANKING & FINANCE RBI Eases Quarterly Profit Inclusion Rules For Bank Capital Calculations

Reserve Bank of India (RBI) has issued fresh amendment directions allowing commercial banks to include quarterly profits in Common Equity Tier 1 (CET1) capital calculations with simplified conditions, a move aimed at streamlining capital adequacy norms for lenders. The revised framework comes after the central bank reviewed stakeholder feedback on draft amendment directions released on […]

CW Bureau · May 8, 2026

BANKING & FINANCE SBI Clocks ₹19,684 Cr Q4 Net Profit On Strong Asset Quality Improvement

State Bank of India, the country’s largest commercial bank, reported a net profit of ₹19,684 crore for the March quarter of FY26, registering a growth of 5.58% compared with ₹18,643 crore in the corresponding quarter last year. For the full financial year FY26, the bank posted a net profit of ₹80,032 crore, reflecting a year-on-year […]

CW Bureau · May 8, 2026

BANKING & FINANCE Cholamandalam Financial Holdings Q4 Net Profit Rises 19% To ₹1,626 Cr

Murugappa group’s Cholamandalam Financial Holdings Ltd reported a 19% increase in consolidated net profit for the March quarter at ₹1,626 crore over the corresponding period last year, supported by strong growth in lending business and higher income across subsidiaries. Total income rose 17% to ₹10,520 crore. For the full year, consolidated total income increased to […]

CW Bureau · May 8, 2026

BANKING & FINANCE Karur Vysya Bank Q4 Net Up 41% To ₹725 Cr On Improved Asset Quality

Private sector lender Karur Vysya Bank (KVB) posted a 41% increase in its March quarter net profit to ₹725 crore, up from ₹513 crore in the corresponding period a year ago due to improved asset quality and increase in interest income. KVB’s net interest income increased by 25% to ₹1,359 crore from ₹1,089 crore. Net interest […]

CW Bureau · May 7, 2026

BANKING & FINANCE Shriram Finance’s AAA Leap Signals New Regime For Its Deposit Business

Shriram Finance Executive Vice Chairman Umesh Revankar has said Shriram Unnati Fixed Deposits have secured AAA ratings from all leading credit rating agencies, positioning the programme among the safest fixed deposit offerings in the country. The ratings upgrade comes even as the company effected a marginal reduction in interest rates on Shriram Unnati Deposits from […]

CW Bureau · May 7, 2026

BANKING & FINANCE Fairfax India To Invest ₹2,000 Cr In IIFL Capital, Increase Stake To 51%

Fairfax India Holdings Corporation is set to increase its stake in IIFL Capital Services Ltd to 51% through an investment of ₹2,000 crore via preferential allotment of shares at ₹350 apiece. The proposed transaction will trigger a mandatory public offer under takeover regulations. Following the preferential allotment, Fairfax India’s wholly-owned subsidiary Fairfax Mauritius Investments Ltd […]

CW Bureau · May 7, 2026