BANKING & FINANCE
KVB To Revamp Credit Card Business, New Variants Next Quarter
Private sector lender Karur Vysya Bank (KVB) is undertaking a comprehensive overhaul of its credit card business, reassessing its strategy end-to-end as it prepares to introduce new card variants next quarter. The bank is reworking its approach to the segment to ensure sustainable and calibrated growth. Speaking to analysts during a post-earnings conference call, Ramesh […]
CW Bureau
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Jan 31, 2026
BANKING & FINANCE
Cholamandalam Investment Q3 Net Rises 19% To ₹1,288 Cr
Murugappa group’s financial arm Cholamandalam Investment and Finance Co. Ltd. (CIFCL) posted 19% increase in its standalone net profit for the December quarter at ₹1,288 crore over the corresponding period last year. Total Assets Under Management grew 20% to ₹2,27,770 crore. Total revenue from operations increased by 17% to ₹7,985 crore and net income rose […]
CW Bureau
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Jan 31, 2026
BANKING & FINANCE
LIC Housing Finance Net Profit Slips 3% Despite Higher Interest Income
LIC Housing Finance reported a 3% year-on-year decline in net profit to ₹1,384 crore for Q3FY26, compared with ₹1,432 crore in the corresponding quarter last year, impacted by higher provisioning even as core operating metrics remained stable. The company’s revenue from operations rose 2% to ₹7,187 crore from ₹7,057 crore a year ago. Net interest income […]
CW Bureau
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Jan 31, 2026
BANKING & FINANCE
ESAF Bounces Back To Black On Asset Quality Improvement
Returning to profitability, ESAF Small Finance Bank, a leading scheduled commercial bank headquartered in Thrissur on January 30, reported a net profit of ₹7 crore for Q3 FY26, as against a loss of ₹211 crore in the same quarter last year. Total business stood at ₹44,686 crore, registering a year-on-year growth of 10%. While gross […]
CW Bureau
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Jan 30, 2026
BANKING & FINANCE
Equitas SF Bank Posts Strong Profit, Asset Quality Improves In Q3
Equitas Small Finance Bank reported a strong operating performance in the December quarter of FY26, with net profit rising 36% year-on-year to ₹90 crore, supported by margin expansion, lower credit costs and improving asset quality. Profit growth outpaced revenue expansion, highlighting improving operating leverage and balance sheet efficiency. Net interest margins expanded sharply by around […]
CW Bureau
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Jan 29, 2026
BANKING & FINANCE
CSB Bank Posts Marginal Growth In Its Q3FY26 Net Profit At ₹153 Cr
Private sector lender CSB Bank Ltd reported marginal increase of 1% in its net profit for the December quarter at ₹153 crore. “Our growth momentum remained strong during Q3 FY26 with a deposit growth of 21% and a gross advance growth of 29% resulting in an overall growth of 25% in total business on a […]
CW Bureau
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Jan 28, 2026
BANKING & FINANCE
Wio Bank Inks Pact With Pine Labs To Modernise Merchant Acquiring Infra
Pine Labs, a global fintech platform transforming how businesses accept and manage payments has announced a strategic partnership with Wio Bank, the Middle East’s leading digital financial platform. The collaboration intents to build a modern acquiring infrastructure for Wio Bank with no legacy tech dependency, enabling faster merchant onboarding, real-time settlement capabilities, and seamless multi-mode […]
CW Bureau
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Jan 26, 2026
BANKING & FINANCE
Axis Bank Pushes Digital-First Agenda With Industry-First Innovations
Axis Bank advanced its digital-first, inclusive and future-ready strategy during the quarter through a series of industry-first innovations and strategic partnerships aimed at reimagining customer experience and long-term capability building. At the Global Fintech Fest, the bank unveiled the omni-channel Express Banking Digital Point in partnership with Hitachi Payment Services — a next-generation banking concept […]
CW Bureau
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Jan 26, 2026
BANKING & FINANCE
Kotak Mahindra Profit Rises 4% As Loan Growth Holds Strong
Kotak Mahindra Bank Q3FY26 results underline a familiar theme playing out across India’s private banking sector- steady balance sheet growth, improving asset quality, but sustained pressure on margins. The private lender reported a standalone profit after tax (PAT) of ₹3,446 crore, up 4% year-on-year, compared with ₹3,305 crore in Q3FY25. Total income increased to ₹16,741 […]
CW Bureau
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Jan 24, 2026
BANKING & FINANCE
Karur Vysya Bank Q3 PAT Jumps 30% To ₹690 Cr On Asset Quality Boost
Private sector lender Karur Vysya Bank (KVB) delivered a robust December-quarter performance, with net profit rising 39% year-on-year to ₹690 crore, underscoring the success of its balance-sheet clean-up and disciplined growth strategy. Notably, the quarterly profit exceeded the bank’s entire FY22 annual profit, marking a structural improvement rather than a cyclical spike. Asset quality as […]
CW Bureau
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Jan 23, 2026
