BANKING & FINANCE Equitas SFB Reports Fivefold Rise In Q4 Profit; Asset Quality Improves

Equitas Small Finance Bank Ltd reported a fivefold increase in net profit at ₹213 crore for the March quarter of FY26 compared with the year-ago period, supported by strong growth and improved margins. Net interest margin rose to 7.29% from 7.13%, while cost-to-income ratio declined to 67.52% from 70.28%. Asset quality and capital position Gross […]

CW Bureau · Apr 30, 2026

BANKING & FINANCE RBI Reworks NBFC Framework, Easier Exit For Low-Risk Players Envisaged

Reserve Bank of India (RBI) has introduced a significant regulatory relaxation for low-risk NBFCs, exempting those not availing public funds and without customer interface from registration and reserve fund requirements. The exemption will come into effect from July 1, 2026. Eligibility criteriaThe relaxation applies to NBFCs with an asset size of less than ₹1,000 crore, […]

CW Bureau · Apr 30, 2026

BANKING & FINANCE Federal Bank Profit Rises To ₹1,259 Cr On Liability Reset, Asset Mix Shift

Kerala-based Federal Bank reported a net profit of ₹1,259 crore for the March quarter, marking a strong y-o-y growth of 22%, driven by improving core earnings and operating leverage. The bank had registered a net profit of ₹1,030 crore in Q4 FY25 and ₹1,041 crore in Q3FY26. For the full financial year, the bank posted […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE Indian Overseas Bank Profit Up 43% On Income Rise, Lower Credit Costs

Public sector lender Indian Overseas Bank (IOB) reported a sharp 43.2% year-on-year jump in net profit to ₹1,505 crore for the March quarter, compared to ₹1,051 crore in the same period last year. The earnings surge reflects a combination of steady income growth, lower credit costs, and continued gains in asset quality. Net Interest Income […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE Margin Gains, Asset Quality Strength Anchor Indian Bank’s Steady Growth

Chennai-headquartered Indian Bank delivered a measured yet fundamentally strong performance in the March quarter of FY26, with profitability, margins, and asset quality all trending in the right direction, even as topline growth remained moderate. Profitability holds firm, supported by core income growth The bank reported a 4.97% YoY rise in net profit to ₹3,103 crore […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE IndusInd Bank Bets Big On GenAI To Power Next-Gen Growth Playbook

At a time when artificial intelligence is reshaping the global financial landscape, Rajiv Anand, MD & CEO of IndusInd Bank, is positioning AI, especially Generative AI, as the bank’s next structural growth lever, likening its impact to, or even surpassing, the core banking and digital revolutions of the past two decades. AI moves from buzzword […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE Star Health FY26: Profit Up, Loss Ratios Down, Retail Leads Growth

India’s largest standalone health insurer Star Health and Allied Insurance Company Ltd closed FY26 on a strong note, delivering improved profitability, tighter underwriting metrics, and sustained momentum in its core retail health insurance business. Profitability strengthens amid disciplined executionThe company reported a profit after tax (PAT) of ₹911 crore for FY26, marking a 16% year-on-year […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE Flipkart, Axis Bank And PayU Roll Out Biometric Card Payments Sans OTP

E-commerce major Flipkart has partnered with Axis Bank and PayU to introduce biometric authentication for card payments.  The move allows users to authenticate payments using fingerprints or facial recognition on compatible Android and iOS devices, eliminating the need for one-time passwords (OTPs). The feature has been rolled out initially for Axis Bank cardholders, leveraging issuer-level […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE Canara Robeco Clocks Steady FY26 Growth, Q4 Profit Slightly Softens

Canara Robeco Asset Management Company Ltd, one of India’s oldest mutual fund houses, delivered a steady full-year performance for FY26, even as profitability saw a marginal dip in the March quarter. Q4 shows stable topline, slight profit dipFor Q4FY26, the company reported Profit After Tax (PAT) of ₹41 crore, down 1% year-on-year, indicating some pressure […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE City Union Bank Inaugurates 1,000th Branch Ahead Of CEO Kamakodi Exit

City Union Bank Ltd, Managing Director and Chief Executive Officer, N. Kamakodi, is a man of few words, but his actions have often spoken louder. Media, business associates, customers and colleagues vouch for his understated style of leadership. Days before demitting office, Kamakodi guided the bank to yet another milestone, crossing 1,000 branches, a symbolic […]

CW Bureau · Apr 28, 2026

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 · 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 · Apr 26, 2026