BANKING & FINANCE LIC Housing Finance Profit Rises 11% To ₹1,509 Cr, Disbursements Up 11%

LIC Housing Finance Ltd has reported an 11% year-on-year increase in net profit to ₹1,508.78 crore for the second quarter of FY27, compared with ₹1,353.87 crore in the corresponding quarter last fiscal, supported by higher loan disbursements and growth in interest income. Revenue from operations, however, remained largely flat at ₹7,175 crore against ₹7,074 crore […]

CW Bureau · Oct 30, 2026

BANKING & FINANCE Government Clarifies IDBI Bank Strategic Disinvestment Process

The Centre has clarified the valuation and bidding procedures followed in the proposed strategic disinvestment of IDBI Bank, stating that the process allowed flexibility to address the complexities of the transaction while ensuring independent valuation of bids. In a press note dated October 14, 2026, the government explained that the initial bidding round was conducted […]

CW Bureau · Oct 29, 2026

BANKING & FINANCE Equitas SFB CEO Vasudevan Resigns Amid Conflict-Of-Interest Concerns

P N Vasudevan, Managing Director and Chief Executive Officer of Equitas Small Finance Bank, has resigned from his position, citing persistent concerns among investors over a perceived conflict of interest arising from his daughter’s association with a non-banking financial company (NBFC). The bank, in a regulatory communication on Thursday, said it had received a letter […]

CW Bureau · Oct 29, 2026

BANKING & FINANCE Sundaram Home Finance Q2 Profit Up 20% To ₹90 Cr, AUM Grows 14%

Sundaram Home Finance, a Chennai-based housing finance company, reported a 20% year-on-year increase in net profit to ₹90 crore for the second quarter ended September 30, 2026, compared with ₹75 crore in the corresponding quarter last year, supported by strong loan disbursements and expansion into smaller towns. Total disbursements rose 31% to ₹2,199 crore in […]

CW Bureau · Oct 29, 2026

BANKING & FINANCE Paytm To Invest Up To ₹500 Cr Each In Two Subsidiaries To Fuel Growth

One 97 Communications Ltd, the parent company of digital payments platform Paytm, plans to invest up to ₹500 crore in its wholly owned subsidiary Paytm Cloud Technologies Ltd (PCTL) over the next 12 months. PCTL has also approved an additional investment of up to ₹500 crore in its wholly owned subsidiary Paytm Singapore Pte. Ltd. […]

CW Bureau · Oct 26, 2026

BANKING & FINANCE IOB Q2 Net Profit Jumps 56% To ₹1,912 Cr As Advances Grow 24%

Chennai-based public sector lender Indian Overseas Bank (IOB) reported a 55.95% year-on-year increase in net profit to ₹1,912 crore for the second quarter of FY27, against ₹1,226 crore in the corresponding quarter last year, supported by strong net interest income growth, improving asset quality and expansion in advances. Net interest income (NII) rose 26.41% year-on-year […]

CW Bureau · Oct 26, 2026

BANKING & FINANCE Asset Quality: Muthoot Microfin Gets Positive Outlook From CareEdge

Muthoot Microfin Ltd (MML), a microfinance lender, has received a Positive outlook from CareEdge Global Ratings on its long-term foreign currency rating of CareEdge BB, reflecting improvements in asset quality and operating performance. The agency has reaffirmed the BB rating while revising the outlook from Stable to Positive for the company’s $50 million external commercial […]

CW Bureau · Oct 26, 2026

BANKING & FINANCE RBI Inaugurates Data Centre And Cybersecurity Institute In Odisha

Prime Minister Narendra Modi on Sunday inaugurated the Reserve Bank of India’s (RBI) newly established data centre and cybersecurity training institute in Bhubaneswar, Odisha, marking a significant step towards strengthening the technological infrastructure underpinning India’s financial system. The facilities are aimed at enhancing the resilience of the country’s digital financial infrastructure, strengthening cybersecurity capabilities and […]

CW Bureau · Oct 25, 2026

BANKING & FINANCE Jio Platforms Fixes Initial Public Offer Price At ₹1,119 A Share

Jio Platforms Ltd (JPL), a subsidiary of Reliance Industries Ltd, has fixed the issue price for its initial public offering (IPO) at ₹1,119 per equity share, following the conclusion of the subscription period on October 23. The company has filed its prospectus with the Registrar of Companies, Gujarat, at Ahmedabad. The IPO comprised a fresh […]

CW Bureau · Oct 25, 2026

BANKING & FINANCE Kotak Mahindra Bank Net Rises 29% To ₹4,212 Cr In September Quarter

Private sector lender Kotak Mahindra Bank reported a 29% year-on-year increase in standalone net profit to ₹4,212 crore for the September quarter, compared with ₹3,253 crore in the corresponding period last year. Net interest income (NII) rose 16% to ₹8,459 crore from ₹7,311 crore, while net advances increased 25% to ₹5,77,295 crore from ₹4,62,688 crore. […]

CW Bureau · Oct 24, 2026

BANKING & FINANCE Commercial Insurance Rates Are On The Decline In India, Says Marsh

By Venkatachari Jagannathan Global insurance broking and risk advisor major Marsh said that the commercial insurance rates in India continued to decline through the first three quarters of 2026, owing to strong insurer capacity and increased market competition. According to Marsh’s Global Insurance Market Index, property, financial and professional, and cyber insurance rates all declined in India […]

CW Bureau · Oct 22, 2026

BANKING & FINANCE India’s Non-Life Insurance Premium Growth Slows To 6.1% In September

India’s non-life insurance industry recorded a 6.1% year-on-year growth in gross premiums to ₹32,951 crore in September 2026, slowing from 12.7% in the year-ago month as a sharp decline in crop insurance premiums offset strong growth in health and motor insurance. Premium growth was also lower than the 10% recorded in August 2026. However, excluding […]

CW Bureau · Oct 22, 2026