BANKING & FINANCE Muthoot Finance Targets 15% Growth In Assets Under Management In FY27

Muthoot Finance Ltd, India’s largest gold loan non-banking finance company, is targeting around 15% growth in assets under management (AUM) this year, supported by continued demand for household gold loans and expansion across subsidiaries. “For the last 10 years, we have been giving a guidance of 15% in first quarter. In the next two quarters, […]

CW Bureau · May 20, 2026

BANKING & FINANCE TSF Investments Posts 29% Jump In FY26 Consolidated Profit At ₹530 Cr

TSF Investments Ltd has reported a consolidated net profit of ₹530.21 crore for FY26, registering a growth of 28.66 per cent compared with ₹412.09 crore recorded in the previous financial year. The FY26 performance includes a gain of ₹40.99 crore arising from the fair valuation of previously held equity interest in Axles India Ltd following […]

CW Bureau · May 20, 2026

BANKING & FINANCE TVS Venu Group Set To Acquire 9.9% Stake In Jana Small Finance Bank

TVS Motor Company promoter group TVS Venu Group has agreed to acquire a minority stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase. The proposed transaction will give TVS Venu Group an equity ownership of up to 9.9% in Jana Small Finance Bank on a fully […]

CW Bureau · May 18, 2026

BANKING & FINANCE Prudential Redraws India Play With ₹3,500-Cr Bharti Life Acquisition

Asia-focused insurance giant Prudential plc is sharply repositioning its India strategy with a ₹3,500 crore acquisition of a controlling stake in Bharti Life Insurance Company Ltd,  signalling a deeper long-term commitment to one of the world’s fastest-growing insurance markets. The transaction will see Prudential acquire a 75% stake in Bharti Life from Bharti Life Ventures […]

CW Bureau · May 17, 2026

BANKING & FINANCE HDFC Life Announces Record Bonus Payout Of ₹4,596 Cr For Policyholders

HDFC Life has announced a bonus of ₹4,596 crore for participating policyholders, marking the highest bonus declaration in the company’s history. The bonus was approved at the company’s board meeting held on April 16, 2026, and will benefit around 22.2 lakh participating policyholders, underlining HDFC Life’s focus on long-term value creation and customer-centric growth. Majority […]

CW Bureau · May 15, 2026

BANKING & FINANCE LIC Housing Finance Q4 Profit Surges 9% To Rs 1,497 Cr, Revenue Stays Flat

LIC Housing Finance reported a 9% year-on-year rise in net profit at Rs 1,497.41 crore for the quarter ended March 31, 2026, compared with Rs 1,367.96 crore in the corresponding quarter last year. The company’s revenue from operations stood at Rs 7,194.34 crore during the quarter, as against Rs 7,281.17 crore a year ago, reflecting […]

CW Bureau · May 14, 2026

BANKING & FINANCE CreditAccess Grameen Chalks Out Its Next Phase, Eyes Household Finance

CreditAccess Grameen is working on a long-term strategy to evolve from a traditional microfinance lender into a full-spectrum household finance partner for rural and semi-urban India, according to Managing Director and Chief Executive Officer Ganesh Narayanan. Narayanan told analysts that the lender is strengthening customer acquisition through three channels, such as group-based sourcing, individual lending […]

CW Bureau · May 13, 2026

BANKING & FINANCE Karur Vysya Bank Expects Its Credit Growth Above Industry Level In FY27

The Karur Vysya Bank Ltd expects its credit growth to outpace industry growth by 1-2% during FY27 despite global macroeconomic uncertainties, geopolitical tensions and pressure on margins. The bank expects slippages to remain below 1% of the asset book during FY27, while liquidity coverage ratio (LCR) is projected to remain in the range of 115-120%. […]

CW Bureau · May 13, 2026

BANKING & FINANCE PSBs Post Record ₹1.98 Lakh-Cr Profit In FY26; Bad Loans Hit Historic Lows

India’s public sector banks (PSBs) delivered another year of strong financial performance in FY2025-26, powered by robust credit growth, sharply improved asset quality and record profitability, underlining the sector’s growing strength in supporting the country’s expanding economy. The aggregate business of PSBs rose 12.8% year-on-year to ₹283.3 lakh crore as of March 31, 2026, driven […]

CW Bureau · May 12, 2026

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