Category: Banking & Finance
BANKING & FINANCE RBI Keeps Repo Rate Unchanged At 5.25%, Retains Neutral Policy Stance

The Reserve Bank of India (RBI) on Wednesday left the benchmark repo rate unchanged at 5.25% for the second consecutive policy review, opting to balance inflation risks against a resilient domestic economy amid an increasingly uncertain global environment. The six-member monetary policy committee (MPC), chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the […]

CW Bureau · Aug 5, 2026
BANKING & FINANCE HDFC Bank’s Wealth Management Platform Gets Infosys Finacle Power

HDFC Bank has modernised its wealth management platform by deploying the Infosys Finacle Wealth Management Solution, replacing legacy systems with a unified, API-driven platform that integrates domestic and offshore wealth operations. The transformation, implemented by Infosys Finacle, the banking solutions arm of EdgeVerve Systems, a wholly owned subsidiary of Infosys, is aimed at enhancing client […]

CW Bureau · Aug 4, 2026
BANKING & FINANCE Artificial Intelligence, Digitalisation To Drive SBI Card Next Phase Of Growth

SBI Cards and Payment Services Ltd. expects digitalisation, artificial intelligence and machine learning to play a bigger role in customer acquisition, risk management and fraud prevention as digital payments continue to reshape India’s financial ecosystem. “Digitalisation remains central to customers’ evolution towards greater participation in the formal economy,” said Chairman Challa Sreenivasulu Setty in a […]

CW Bureau · Aug 4, 2026
BANKING & FINANCE SBI Card Eyes Premium Growth, Digital Expansion Through YONO 2.0

SBI Cards and Payment Services Ltd, the pure play credit card player, plans to strengthen customer acquisition through SBI YONO 2.0, expand its presence in premium and co-branded cards, and accelerate digital transformation as part of its next phase of growth. “As we continue to build on our progress, we remain focussed on strengthening the […]

CW Bureau · Aug 4, 2026
BANKING & FINANCE Sundaram Finance Q1 Profit Up 22% To ₹522 Cr On Robust Loan Growth

Sundaram Finance Ltd reported a 22% year-on-year increase in standalone net profit for the first quarter of FY27, driven by healthy loan disbursements, robust growth in assets under management (AUM) and continued improvement in asset quality. The Chennai-headquartered non-banking financial company (NBFC) posted a profit after tax (PAT) of ₹522 crore for the quarter ended […]

CW Bureau · Aug 3, 2026
BANKING & FINANCE Equitas SFB Next Big Leap: Universal Bank Licence Under Its Consideration

Equitas Small Finance Bank (SFB) has begun internal deliberations on applying for a universal banking licence and believes it is technically compliant with the Reserve Bank of India’s (RBI) eligibility norms, though the lender has not set a timeline for filing the application. Speaking during the bank’s Q1 FY27 post-results analyst call, Equitas Small Finance […]

CW Bureau · Aug 1, 2026
BANKING & FINANCE Star Health Deepens SME Play As Group Insurance Mix Rises To 78%

Star Health & Allied Insurance Company Ltd said the company has recalibrated its group insurance portfolio by increasing the share of the small and medium enterprise (SME) segment from 58% to 78%, while maintaining a measured presence in personal accident and travel Insurance. The move reflects the insurer’s strategy of pursuing profitable growth while reducing […]

CW Bureau · Aug 1, 2026
BANKING & FINANCE Aptus Value Housing Finance Q1 PAT Jumps 19%; AUM Crosses ₹13,600 Cr

Aptus Value Housing Finance India Ltd reported a 19% year-on-year increase in net profit to ₹261 crore for the first quarter of FY27, driven by robust loan growth, higher disbursements and continued expansion of its branch network. The Chennai-based affordable housing finance company had posted a net profit of ₹219 crore in the corresponding quarter […]

CW Bureau · Jul 31, 2026
BANKING & FINANCE Retail Deposits, Diversified Lending To Boost Bandhan Bank’s Growth: MD

Bandhan Bank has outlined a clear roadmap to strengthen its retail deposit franchise, expand its diversified loan portfolio, improve asset quality and accelerate technology-led transformation, as it pursues sustainable growth under its Bandhan Bank 2.0 strategy. In his message to shareholders in the bank’s Annual Report 2026, Managing Director and Chief Executive Officer Partha Pratim […]

CW Bureau · Jul 31, 2026
BANKING & FINANCE How RBI’s New Deposit Pricing Rules Will Reshape The Bank Competition

The Reserve Bank of India (RBI) has rewritten the rules governing interest rates on bank deposits, giving lenders greater flexibility to price bulk deposits while simultaneously tightening disclosure norms to improve transparency. The changes, which come into effect from October 1, 2026, are expected to make the wholesale deposit market more market-driven and better aligned […]

Sajan C Kumar · Jul 31, 2026
BANKING & FINANCE Federal Bank Charts Next Phase With Credit Cards, Wealth Management

Kerala-based private sector lender Federal Bank is sharpening its focus on the mass affluent segment by expanding its credit card business, wealth management offerings and specialised lending portfolio, as part of a broader strategy to emerge as one of India’s leading private sector banks. In his message to shareholders in the bank’s Annual Report 2026, […]

Sajan C Kumar · Jul 31, 2026