BANKING & FINANCE DCB Bank Aims To Double Loan Book In 3-4 Years, Bets On Self-Employed

DCB Bank, a new-generation private sector lender, is strengthening its focus on self-employed customers and aims to evolve from being primarily a lender to becoming a comprehensive financial solutions provider, while targeting a doubling of its loan book over the next three to four years. The bank said it intends to offer sustainable solutions that […]

CW Bureau · Jun 11, 2026

BANKING & FINANCE Nuvama Secures SEBI Green Light For MF Business, To Launch SIF Offerings

Nuvama Wealth Management Ltd has received final approval from the Securities and Exchange Board of India (SEBI) to commence mutual fund operations through its asset management subsidiary, Nuvama Asset Management Ltd (AMC). The regulatory clearance marks a significant milestone in Nuvama’s strategy to build a scaled asset management franchise and further strengthen its integrated wealth […]

CW Bureau · Jun 10, 2026

BANKING & FINANCE CreditAccess Grameen To Focus On Portfolio Quality & Digital Inclusion 

Microfinance lender CreditAccess Grameen has outlined an ambitious growth roadmap centred on stronger asset quality, digital innovation and balance sheet resilience. In its Annual Report 2026, Ganesh Narayanan, Managing Director & Chief Executive Officer, said FY26 was a year focused on strengthening the company’s balance sheet, improving portfolio quality and sustaining business growth amid challenging […]

CW Bureau · Jun 9, 2026

BANKING & FINANCE Fino Bank Adds 2.9 Lakh Customers In May 2026, Loan Referrals Rise 2.9x

Fino Payments Bank continued to witness strong customer acquisition momentum in May 2026, opening 2.9 lakh new accounts during the month, a 29% year-on-year increase, as the lender advances its transition towards becoming a Small Finance Bank (SFB). The growth reflects the bank’s expanding reach, rising customer engagement and continued focus on building a broader […]

CW Bureau · Jun 8, 2026

BANKING & FINANCE IndiaFirst Life Rewards Policyholders With Highest-Ever ₹179-Cr Bonus

IndiaFirst Life Insurance Company Ltd has declared its highest-ever bonus of ₹179 crore for FY26, reinforcing its commitment to delivering long-term value and financial security to participating policyholders. The bonus, comprising both Reversionary Bonus and Terminal Bonus, will be distributed among eligible participating policyholders, enabling them to share in the surplus generated by the company’s […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE Rate Status Quo To Benefit Exporters, Homebuyers And MSMEs: KVB CEO

The Reserve Bank of India’s decision to retain the repo rate at 5.25%  and maintain a neutral policy stance will provide stability to borrowers, businesses and financial markets while preserving flexibility to respond to evolving global conditions, according to Karur Vysya Bank (KVB). Stable policy environment supports growth Commenting on the RBI’s latest monetary policy […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE RBI’s Policy Signals Focus On Stability Amid Global Uncertainties: IOB Chief

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance reflects a balanced and prudent approach aimed at preserving macroeconomic stability amid an uncertain global environment, according to Indian Overseas Bank (IOB). Growth momentum remains resilient Commenting on the RBI’s latest monetary policy decision, Indian […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE RBI Holds Rates At 5.25% As Inflation Risks Rise Amid Global Supply Shocks

The Reserve Bank of India (RBI) on Friday left the benchmark repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) unanimously voting to maintain the status quo as it navigates a complex mix of rising inflation risks and slowing global growth. The six-member MPC also retained its neutral policy stance, keeping the Standing […]

Sajan C Kumar · Jun 5, 2026

BANKING & FINANCE Gold, Personal And Home Loans Drive Retail Credit Growth In FY26: Experian

India’s retail credit market witnessed strong momentum in FY26, driven by rising demand for gold loans, personal loans and home loans, according to Experian’s latest Industry Insights – May 2026 report. The report highlights robust growth in loan originations, increasing preference for secured lending and improving repayment behaviour, indicating a healthier and more stable credit […]

CW Bureau · Jun 3, 2026

BANKING & FINANCE 121 Finance Hits ₹10 Cr In GeM Sahay Disbursements, Funds 400 MSMEs

NBFC-Factor 121 Finance has crossed ₹10 crore in cumulative loan disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM), strengthening access to working capital for micro, small and medium enterprises (MSMEs) supplying to government buyers. The company said it has disbursed more than 2,600 loans to over 400 MSMEs across 173 […]

CW Bureau · Jun 3, 2026

BANKING & FINANCE IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat

Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE Karnataka Bank Partners Tobacco Board To Support Tobacco Growers

Karnataka Bank has entered into a strategic partnership with the Tobacco Board, Government of India, to provide customised banking and credit solutions to registered tobacco growers across Karnataka, strengthening financial access for the farming community. The collaboration aims to address the specific financial requirements of tobacco farmers by offering a dedicated suite of banking products […]

CW Bureau · Jun 2, 2026