BANKING & FINANCE
Compliance Matters: The Inside Story Of Paytm Bank Licence Cancellation
In one of the toughest regulatory actions in India’s fintech space, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with effect from April 24, 2026, citing persistent non-compliance and serious governance concerns. The move effectively shuts down the payments bank and sets in motion a winding-up […]
CW Bureau
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Apr 26, 2026
BANKING & FINANCE
UCO Bank Q4 Net Profit Rises 23% to ₹801 Cr On Improved Asset Quality
Public sector lender UCO Bank reported a 22.66% increase in net profit at ₹801 crore for the March quarter, aided by continued improvement in asset quality. Net interest income contracted by 3.11% to ₹2,614 crore. Global Net Interest Margin (NIM) improved 1 bps to 3%, while domestic NIM fell 3 bps to 3.19%. Fee-based income […]
CW Bureau
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Apr 26, 2026
BANKING & FINANCE
RBL Bank Q4 Net Profit Surges 234% To ₹230 Cr On Retail, Deposit Growth
RBL Bank Ltd, a private sector lender, reported a 234% increase in its standalone net profit for March quarter at ₹230 crore compared with the year-ago period, driven by strong momentum in granular retail advances and sustained strengthening of its deposit franchise. Net interest income (NII) grew 7% to ₹1,671 crore, while net interest margin […]
CW Bureau
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Apr 25, 2026
BANKING & FINANCE
Axis Bank Q4 PAT Dips Marginally To ₹7,071 Cr On Higher Provisioning
Axis Bank reported a marginal 0.65% year-on-year decline in standalone net profit at ₹7,071 crore for Q4 FY26, compared to ₹7,117.5 crore in the same quarter last fiscal owing to higher provisioning. The slight dip in profitability comes even as the bank maintained stable core operating performance. NII growth and margins remain resilient Net Interest […]
CW Bureau
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Apr 25, 2026
BANKING & FINANCE
Can Fin Homes Q4 Net Profit Up 31% to ₹346 Cr, For FY26 ₹1,006 Cr
Can Fin Homes Ltd, a housing finance company promoted by Canara Bank, reported a 31% rise in net profit at ₹346 crore for the March quarter of FY26, supported by improvement in margins and steady growth in its loan book. Net interest margin (NIM) improved by 37 basis points to 4.19%. For the full year, […]
CW Bureau
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Apr 25, 2026
BANKING & FINANCE
Shriram Finance Q4 PAT Jumps 41% To ₹3,014 Cr; Revenue At ₹12,527 Cr
Shriram Finance Ltd, the flagship company of the Shriram Group and one of the largest NBFCs in the country, reported a 40.86% jump in profit after tax (PAT) at ₹3,013.57 crore for the March-ended quarter, compared with ₹2,139.39 crore in the same period of the previous year. Income growth lags profit surgeTotal income of the […]
CW Bureau
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Apr 24, 2026
BANKING & FINANCE
SBI General Insurance Hits ₹15,000-Cr Premium Milestone; PAT At ₹553 Cr
SBI General Insurance, one of India’s leading general insurance companies, delivered a strong performance in FY26, growing significantly ahead of the industry. Gross direct premium crosses key milestoneThe company reported a Gross Direct Premium (GDP) of ₹15,904 crore, registering a y-o-y growth of 14.5% and crossing the significant milestone of ₹15,000 crore since its inception. […]
CW Bureau
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Apr 24, 2026
BANKING & FINANCE
HDFC Life Insurance Maintains Top-3 Position; PAT Rises 6% In FY26
HDFC Life Insurance Company Ltd, a long-term life insurance solutions provider, maintained its position among the top three insurers by individual weighted received premium in FY26, with private sector market share at 15.2% for 11 months. The company outperformed the industry in key segments, with retail protection growing 43% and the agency channel also expanding […]
CW Bureau
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Apr 24, 2026
BANKING & FINANCE
Union Bank Of India Reports 3.95% Rise In FY26 Net Profit At ₹18,697 Cr
Union Bank of India reported a 3.95% increase in net profit at ₹18,697 crore for the year ended March FY26, supported by improved asset quality and steady business growth. Interest income stood at ₹1,05,992 crore during the year. However, net interest income (NII) declined 1.49% to ₹36,659 crore, while net interest margin (NIM) contracted by […]
CW Bureau
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Apr 23, 2026
BANKING & FINANCE
Bandhan Bank Gets RBI’s Approval To Appoint Debasish Panda As Chairman
The Reserve Bank of India has granted its prior approval for the appointment of Debasish Panda as part-time Chairman of Bandhan Bank. His appointment will be for a period of three years, with effect from the date of taking charge, Bandhan Bank said in a disclosure to stock exchanges. Distinguished civil service career Debasish Panda, […]
CW Bureau
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Apr 22, 2026
