Category: Banking & Finance
BANKING & FINANCE Cholamandalam Financial Holdings Q4 Net Profit Rises 19% To ₹1,626 Cr

Murugappa group’s Cholamandalam Financial Holdings Ltd reported a 19% increase in consolidated net profit for the March quarter at ₹1,626 crore over the corresponding period last year, supported by strong growth in lending business and higher income across subsidiaries. Total income rose 17% to ₹10,520 crore. For the full year, consolidated total income increased to […]

CW Bureau · May 8, 2026
BANKING & FINANCE Karur Vysya Bank Q4 Net Up 41% To ₹725 Cr On Improved Asset Quality

Private sector lender Karur Vysya Bank (KVB) posted a 41% increase in its March quarter net profit to ₹725 crore, up from ₹513 crore in the corresponding period a year ago due to improved asset quality and increase in interest income. KVB’s net interest income increased by 25% to ₹1,359 crore from ₹1,089 crore. Net interest […]

CW Bureau · May 7, 2026
BANKING & FINANCE Shriram Finance’s AAA Leap Signals New Regime For Its Deposit Business

Shriram Finance Executive Vice Chairman Umesh Revankar has said Shriram Unnati Fixed Deposits have secured AAA ratings from all leading credit rating agencies, positioning the programme among the safest fixed deposit offerings in the country. The ratings upgrade comes even as the company effected a marginal reduction in interest rates on Shriram Unnati Deposits from […]

CW Bureau · May 7, 2026
BANKING & FINANCE Fairfax India To Invest ₹2,000 Cr In IIFL Capital, Increase Stake To 51%

Fairfax India Holdings Corporation is set to increase its stake in IIFL Capital Services Ltd to 51% through an investment of ₹2,000 crore via preferential allotment of shares at ₹350 apiece. The proposed transaction will trigger a mandatory public offer under takeover regulations. Following the preferential allotment, Fairfax India’s wholly-owned subsidiary Fairfax Mauritius Investments Ltd […]

CW Bureau · May 7, 2026
BANKING & FINANCE Satin Creditcare Strengthens Capital Base, Raises ₹200 Cr As Tier II Fund

Leading microfinance institution Satin Creditcare Network Ltd has raised ₹200 crore through subordinated Tier II capital with a seven-year tenure, strengthening its capital base to support sustained growth across businesses and subsidiaries. The fundraising comes at a time when the microfinance sector is witnessing moderation, even as the company continues to report steady growth and […]

CW Bureau · May 7, 2026
BANKING & FINANCE Indian Bank Bets Big On AI & Digital Push To Accelerate Transformation

Digital adoption is rapidly reshaping operations at public sector lenders, and Indian Bank is stepping up its technology investments with a strong focus on AI-led platforms, digital lending and automation to drive efficiency and customer engagement. The Chennai-headquartered public sector bank said it is implementing more than 10 AI and agentic AI-related platforms in partnership […]

Sajan C Kumar · May 7, 2026
BANKING & FINANCE Public Sector Insurers Chart Growth Roadmap With Focus On Penetration

India’s public sector insurance and reinsurance giants have drawn up an ambitious roadmap aimed at strengthening financial resilience, expanding coverage and accelerating digital transformation. The strategy was firmed up at a high-level review meeting chaired by M. Nagaraju, Secretary, Department of Financial Services (DFS), under the Ministry of Finance. Vision plans under reviewThe meeting undertook […]

CW Bureau · May 5, 2026
BANKING & FINANCE CSB Bank Q4 Profit Rises 6% To ₹202 Cr On Strong NII Growth & Gold Loans

CSB Bank Ltd reported a 6% increase in standalone net profit at ₹202 crore for the March quarter over the corresponding period last year, supported by strong growth in net interest income and stable asset quality. Net Interest Income (NII) rose 25% to ₹464 crore, while interest income increased to ₹1,201 crore from ₹1,154 crore. […]

CW Bureau · May 4, 2026
BANKING & FINANCE Credit Card Spending Momentum Slows In FY26 Despite March Surge

India’s credit card ecosystem showed a seasonal rebound in March 2026, but the broader trend points to a cooling growth trajectory after the post-pandemic surge. Spends rise on seasonal pushCredit card spending rose 23.8% month-on-month (m-o-m) to Rs 2.20 lakh crore in March, driven by typical fiscal year-end consumption and resilient e-commerce demand. However, on […]

CW Bureau · May 3, 2026
BANKING & FINANCE Kotak Mahindra Bank Q4 Profit Rises 13% On Strong Income, Asset Quality

Kotak Mahindra Bank Ltd (KMBL) reported a 13% increase in standalone net profit at ₹4,027 crore for the March quarter, driven by higher interest income and improved asset quality. Net Interest Income rose 8% to ₹7,876 crore, while Net Interest Margin contracted to 4.67% from 4.97%. Cost of funds declined to 4.45% from 5.09%. Fee […]

CW Bureau · May 2, 2026
BANKING & FINANCE Amid Global Headwinds, India Stands Out On Stability, Growth: RBI Chief

India remains firmly on the path of fiscal consolidation, tax reforms, including the implementation of GST, have improved revenue buoyancy, while targeted government spending has enhanced the quality of expenditure and reduced revenue spending as a share of GDP. Delivering the keynote address at the FIMMDA-PDAI Annual Conference in Amsterdam, on May 1, Reserve Bank […]

CW Bureau · May 2, 2026