BANKING & FINANCE CRIF India Unveils Credit Goes to HER Kolkata Chapter To Empower Women

CRIF India, part of the global credit information and business intelligence company CRIF, has launched the first regional chapter of its ‘Credit Goes to HER’ initiative in Kolkata, aimed at strengthening women’s leadership and participation in India’s credit ecosystem. Launched nationally in March this year, the initiative seeks to create a community of women professionals […]

CW Bureau · Jun 1, 2026

BANKING & FINANCE Cash Counts: The Humble Banknotes Witness Double-Digit Jump In FY26

Currency in circulation continued to expand at a healthy pace during FY26, with both banknotes and coins registering growth, while the withdrawal of ₹2,000 denomination notes moved closer to completion, according to the Reserve Bank of India Annual Report FY26. The report showed that the value and volume of banknotes in circulation increased by 11.9% […]

CW Bureau · May 30, 2026

BANKING & FINANCE RBI For Kill Switch, AI-Powered Fraud Detection To Fortify Digital Payments

The Reserve Bank of India (RBI) is exploring the introduction of new safeguards in digital payment systems, including a universal ‘kill switch’ and additional transaction frictions, as part of a broader strategy to combat rising digital payment frauds and enhance customer protection. According to the Reserve Bank of India Annual Report FY26, the central bank […]

CW Bureau · May 30, 2026

BANKING & FINANCE Credit Card Spending Growth Tapers To 7.1% In April Post Fiscal-End Surge

India’s credit card spending growth moderated in April 2026 following elevated spending activity during the March fiscal year-end period, even as digital payments and e-commerce transactions continued to support overall consumption trends. According to a CareEdge Ratings report, aggregate credit card spending rose 7.1% year-on-year to ₹1.98 lakh crore in April 2026. However, spending moderated […]

CW Bureau · May 29, 2026

BANKING & FINANCE IBC Resolution Facilitates Creditors Recover Over ₹4 Lakh Cr In 10 Years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years, marking a significant milestone in India’s financial and legal reform journey. Over the past decade, the IBC has evolved into a key institutional mechanism for improving credit discipline, accelerating recovery processes and strengthening confidence in the country’s insolvency ecosystem. […]

CW Bureau · May 28, 2026

BANKING & FINANCE LIC Targets Bigger Premium Policies Amid Big Push For Insurance For All

Life Insurance Corporation of India (LIC) is sharpening its focus on increasing ticket sizes while simultaneously expanding policy sales as the insurance giant works towards supporting the national vision of “Insurance for All by 2047,” according to Managing Director and Chief Executive Officer R Doraiswamy. Speaking during the company’s earnings call, Doraiswamy said LIC expects […]

CW Bureau · May 28, 2026

BANKING & FINANCE SBI Life Deploys Datamatics’ AI-Powered Underwriting Platform TruAI

SBI Life Insurance Company Ltd has appointed Datamatics Global Services Ltd to strengthen its underwriting operations using Agentic AI-powered automation platform TruAI Underwriting. The move is aimed at improving efficiency and decision-making in complex underwriting cases that require detailed evaluation of medical histories, laboratory reports and multiple risk indicators. AI-led underwriting transformation Underwriting remains a […]

CW Bureau · May 27, 2026

BANKING & FINANCE State Bank Of India Bets On Digital First, AI-Led Banking Transformation

State Bank of India, the country’s largest lender, plans to deepen its “Digital First, Customer First” strategy with increased investments in technology, artificial intelligence, cybersecurity and digital infrastructure as part of its next phase of transformation. “The next phase of our transformation will focus on delivering deeply personalised, seamless, and intuitive banking experiences across all […]

CW Bureau · May 27, 2026

BANKING & FINANCE Corporate Debt Market Crucial For India’s Growth Journey: SEBI Chief

India’s corporate debt market will play a pivotal role in supporting the country’s long-term economic growth ambitions, according to of Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. Addressing the CareEdge Conversation ‘Debt Market Summit’ in Mumbai, Pandey said a growing economy requires patient debt capital to fund infrastructure, capacity expansion, refinancing […]

CW Bureau · May 27, 2026

BANKING & FINANCE GIC Re Posts 25% Rise In FY26 Profit, Underwriting Losses Narrow Sharply

India’s leading reinsurer General Insurance Corporation of India (GIC Re) reported a strong financial performance for FY26, with profit after tax (PAT) rising 25.23% year-on-year to Rs 8,392 crore, driven by higher premium income, improved underwriting performance and steady investment income growth. The company’s gross premium income for FY26 stood at Rs 44,007 crore as […]

CW Bureau · May 27, 2026

BANKING & FINANCE ICICI Lombard Charts Long-Term Growth Roadmap For Next 25 Years

ICICI Lombard General Insurance Company Ltd, which recently completed 25 years of operations, has outlined a long-term roadmap focused on customer-centricity, digital transformation and disciplined growth as it prepares for the next phase of expansion. Chairperson, Rakesh Jha, said the company would continue to deepen its customer-first culture and invest in capabilities that help understand, […]

CW Bureau · May 27, 2026

BANKING & FINANCE Canara HSBC Life Insurance Company Partners West Bengal Gramin Bank

Canara HSBC Life Insurance Company Ltd has entered into a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB) to expand insurance penetration and strengthen financial inclusion across rural India. Under the partnership, Canara HSBC Life Insurance will offer its range of life insurance products through WBGB’s network of 960 branches spread across West Bengal. […]

CW Bureau · May 26, 2026