BANKING & FINANCE LIC Okays 1:1 Bonus Issue To Reward Shareholders And Enhance Liquidity

The Board of Directors of Life Insurance Corporation of India (LIC) has approved the issuance of bonus equity shares in a 1:1 ratio to existing shareholders, with the record date to be announced in due course. Subject to shareholders’ nodThe proposed bonus issue remains subject to shareholders’ approval. LIC’s authorised equity share capital stands at […]

CW Bureau · Apr 13, 2026

BANKING & FINANCE Fighting Fraud With Time: RBI Mulls Delay For High-Value Transactions

In order to eliminate frauds related to digital payments, the Reserve Bank of India is proposing the introduction of a lag before the execution of debits. This can act as a preventive control by disrupting the fraudster’s psychological influence over the victim and by giving the payer an opportunity to reconsider the transaction. Threshold for […]

CW Bureau · Apr 12, 2026

BANKING & FINANCE HUDCO, NBCC Join Hands To Drive Redevelopment, Asset Monetisation

In a strategic move to accelerate urban redevelopment and unlock value from public assets, Housing and Urban Development Corporation Ltd (HUDCO) has signed two Memoranda of Understanding (MoUs) with NBCC (India) Ltd (NBCC). Focus on redevelopment of prime Delhi asset As part of the agreement, both entities will jointly undertake the redevelopment of a leasehold […]

CW Bureau · Apr 12, 2026

BANKING & FINANCE Kotak Life Ranks 2nd In Customer Experience Study By Hansa Research

Kotak Mahindra Life Insurance Company Ltd (Kotak Life) has been ranked second among India’s life insurers in the Hansa Research Life Insurance Customer Experience Study (CuES) 2026, reflecting strong customer trust and engagement. Strong customer metrics The company recorded a Net Promoter Score (NPS) of 60, indicating high levels of customer loyalty, advocacy and satisfaction […]

CW Bureau · Apr 10, 2026

BANKING & FINANCE MUFG Bank Acquires 20% Stake In Shriram Finance For ₹39,618 Cr

MUFG Bank Ltd, a consolidated subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG), has made a strategic investment of ₹39,618 crore towards acquiring 20% equity stake in Shriram Finance Ltd (SFL), thus marking one of the largest cross-border investments in India’s financial services sector. Strategic investment completed MUFG Bank acquired 47.11 crore equity shares of […]

CW Bureau · Apr 8, 2026

BANKING & FINANCE PayU Ties Up With 8B To Enable UPI Transactions Across Central Asia

8B, Central Asian fintech infrastructure company, and PayU, India’s leading diversified fintech platform, have signed a strategic partnership to bring UPI, one of the world’s fastest-growing digital payment systems, along with other Indian payment offerings, to Central Asia. API integration to enable seamless cross-border payments The integration of PayU’s APIs into 8B’s merchant network across […]

CW Bureau · Apr 8, 2026

BANKING & FINANCE RBI’s Repo Rate Status Quo Reflects ‘Safety-First’ Approach, says IOB MD

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% reflects a balanced and “safety-first” approach, prioritising macroeconomic stability, said Indian Overseas Bank MD & CEO Ajay Kumar Srivastava. Cautious policy amid global uncertainty While the Indian economy continues to demonstrate strong growth at 7.6%, a cautious stance is warranted amid […]

CW Bureau · Apr 8, 2026

BANKING & FINANCE RBI Holds Repo Rate Unchanged At 5.25%, Policy Stance Remains Neutral

The Reserve Bank of India, India’s banking regulator, has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25%. Consequently, the standing deposit facility (SDF) rate remains at 5%, and the marginal standing facility (MSF) rate and the Bank Rate remain at 5.50%. The apex bank’s Monetary Policy Committee […]

CW Bureau · Apr 8, 2026

BANKING & FINANCE Satin Creditcare Accelerates Growth In FY26 With Strong AUM Expansion

NBFC-MFI Satin Creditcare Network Ltd delivered a strong financial performance in FY26, with its assets under management (AUM) growing by 19% year-on-year to reach ₹15,275 crore on a consolidated basis. This growth was driven by a steady increase in disbursements and enhanced operational capabilities. Disbursement and borrower expansion Disbursements rose by 17% YoY to ₹12,516 […]

CW Bureau · Apr 8, 2026

BANKING & FINANCE Fino Payments Bank Posts Record Renewal Income Of ₹62 Cr In Q4

Fino Payments Bank Ltd, a private sector payments bank, has recorded its highest-ever quarterly renewal income of ₹62 crore in the March quarter. Deposits also peaked to an all-time high of ₹2,950 crore in the same period, as per provisional and unaudited results for Q4FY26. The bank opened seven lakh new bank accounts during the […]

CW Bureau · Apr 7, 2026