BANKING & FINANCE
RBI’s Unified E-Mandate Framework Bets On Stronger Customer Control
To streamline recurring digital payments, the Reserve Bank of India has consolidated all existing circulars and issued the Digital Payments – E-mandate Framework, 2026. The directions, issued under the Payment and Settlement Systems (PSS) Act, 2007, come into effect immediately. Wide applicability across payment modesThe framework will apply to all payment system providers and participants […]
CW Bureau
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Apr 21, 2026
BANKING & FINANCE
UGRO Capital Advances Shift To High-Yield Segments: Earnings On Track
UGRO Capital Ltd, India’s first NBFC startup, is progressing on its strategic pivot towards high-yield segments, with Emerging Market LAP (loan against property) and Embedded Finance rising to 38% of assets under management (AUM) from 32% within a quarter. Emerging Market LAP AUM increased from ₹3,199 crore to ₹3,581 crore, while Embedded Merchant Finance grew […]
CW Bureau
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Apr 21, 2026
BANKING & FINANCE
Bank Of Maharashtra Reports 35% Rise In Q4 Net Profit At ₹2,014 Cr
Bank of Maharashtra has posted a 35% increase in its net profit for the March Quarter at ₹2,014 crore over the year ago period on improved asset quality and total business. Net Interest Income (NII) grew by 19% to ₹3,702 crore and net revenues improved by 13% from ₹4,097 crore. Net Interest Margin domestic stood […]
CW Bureau
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Apr 20, 2026
BANKING & FINANCE
Poonawalla Fincorp Scales Up AI Play With Customer Experience Platform
Poonawalla Fincorp Ltd (PFL) has rolled out a next-generation conversational AI platform for omnichannel customer service, marking a significant milestone in its AI-first transformation journey. Unified interaction layer Designed as a unified interaction layer, the platform will serve as the single customer service interface across channels, enabling a seamless and consistent experience. Driving efficiency and […]
CW Bureau
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Apr 20, 2026
BANKING & FINANCE
Quiet Force, Lasting Impact: Bhavesh Zaveri Signs Off From HDFC Bank
In the story of HDFC Bank’s rise as one of India’s most formidable financial institutions, Bhavesh Zaveri stands out as a quiet architect, an operations strategist, technology enabler, and institution builder who shaped the bank’s backbone over nearly three decades. A journey spanning nearly four decades Bhavesh Zaveri retired as Executive Director of HDFC Bank […]
CW Bureau
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Apr 18, 2026
BANKING & FINANCE
HDFC Bank Q4 PAT Increases 9% To ₹19,221 Cr; Asset Quality Improves
HDFC Bank reported a 9.11% increase in its standalone profit after tax (PAT) to ₹19,221 crore, compared to ₹17,616 crore in the corresponding period last year. The growth reflects stable core earnings and disciplined cost management despite a mixed operating environment. Core income growth remains measured Net interest income (NII) for Q4FY26 grew 3.8% YoY […]
CW Bureau
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Apr 18, 2026
BANKING & FINANCE
ICICI Bank Net Profit Rises 8.5% To ₹13,702 Cr; Declares ₹12 Dividend
Private sector lender ICICI Bank delivered a steady performance in the March quarter of FY2026, with profit growth supported by resilient core income, improving asset quality and strong credit expansion across segments. The bank reported an 8.5% year-on-year rise in standalone profit after tax to ₹13,702 crore, as compared to ₹ 12,630 crore in the […]
CW Bureau
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Apr 18, 2026
BANKING & FINANCE
Novus Secures Central Bank Of India Mandate For Rewards Programmes
Novus Loyalty Ltd has secured a significant mandate from Central Bank of India, signing a service level agreement (SLA) on April 16, 2026, to deliver and manage loyalty rewards programmes across the bank’s digital ecosystem. End-to-end digital engagement rolloutThe three-year contract, valued at approximately ₹88 crore subject to scale and utilisation, involves end-to-end deployment, migration, […]
CW Bureau
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Apr 17, 2026
BANKING & FINANCE
PayU Bets Big On AI Voice Assistant To Simplify Merchant Onboarding
PayU, a leading diversified fintech platform, has launched its AI-powered outbound voice call assistant, marking a key step in its broader strategy of becoming an AI-native organisation across the merchant lifecycle. Addressing onboarding bottlenecks Merchant onboarding has traditionally been a cumbersome and time-consuming process, involving extensive paperwork, KYC verification, and multiple activation steps, often leading […]
CW Bureau
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Apr 14, 2026
BANKING & FINANCE
Poonawalla Fincorp Raises ₹2,500 Cr, Attracts Strong Institutional Interest
Poonawalla Fincorp Ltd (PFL) has announced the successful completion of its qualified institutions placement (QIP), raising ₹2,500 crore. The issue saw strong participation from institutional investors and long-term funds, reflecting continued confidence in the company’s strategy and growth outlook. Issue details and pricing The company issued 67,430,883 equity shares of face value ₹2 each to […]
CW Bureau
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Apr 14, 2026
