BANKING & FINANCE IndiaFirst Life Rewards Policyholders With Highest-Ever ₹179-Cr Bonus

IndiaFirst Life Insurance Company Ltd has declared its highest-ever bonus of ₹179 crore for FY26, reinforcing its commitment to delivering long-term value and financial security to participating policyholders. The bonus, comprising both Reversionary Bonus and Terminal Bonus, will be distributed among eligible participating policyholders, enabling them to share in the surplus generated by the company’s […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE Rate Status Quo To Benefit Exporters, Homebuyers And MSMEs: KVB CEO

The Reserve Bank of India’s decision to retain the repo rate at 5.25%  and maintain a neutral policy stance will provide stability to borrowers, businesses and financial markets while preserving flexibility to respond to evolving global conditions, according to Karur Vysya Bank (KVB). Stable policy environment supports growth Commenting on the RBI’s latest monetary policy […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE RBI’s Policy Signals Focus On Stability Amid Global Uncertainties: IOB Chief

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance reflects a balanced and prudent approach aimed at preserving macroeconomic stability amid an uncertain global environment, according to Indian Overseas Bank (IOB). Growth momentum remains resilient Commenting on the RBI’s latest monetary policy decision, Indian […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE RBI Holds Rates At 5.25% As Inflation Risks Rise Amid Global Supply Shocks

The Reserve Bank of India (RBI) on Friday left the benchmark repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) unanimously voting to maintain the status quo as it navigates a complex mix of rising inflation risks and slowing global growth. The six-member MPC also retained its neutral policy stance, keeping the Standing […]

Sajan C Kumar · Jun 5, 2026

BANKING & FINANCE Gold, Personal And Home Loans Drive Retail Credit Growth In FY26: Experian

India’s retail credit market witnessed strong momentum in FY26, driven by rising demand for gold loans, personal loans and home loans, according to Experian’s latest Industry Insights – May 2026 report. The report highlights robust growth in loan originations, increasing preference for secured lending and improving repayment behaviour, indicating a healthier and more stable credit […]

CW Bureau · Jun 3, 2026

BANKING & FINANCE 121 Finance Hits ₹10 Cr In GeM Sahay Disbursements, Funds 400 MSMEs

NBFC-Factor 121 Finance has crossed ₹10 crore in cumulative loan disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM), strengthening access to working capital for micro, small and medium enterprises (MSMEs) supplying to government buyers. The company said it has disbursed more than 2,600 loans to over 400 MSMEs across 173 […]

CW Bureau · Jun 3, 2026

BANKING & FINANCE IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat

Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE Karnataka Bank Partners Tobacco Board To Support Tobacco Growers

Karnataka Bank has entered into a strategic partnership with the Tobacco Board, Government of India, to provide customised banking and credit solutions to registered tobacco growers across Karnataka, strengthening financial access for the farming community. The collaboration aims to address the specific financial requirements of tobacco farmers by offering a dedicated suite of banking products […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE CRIF India Unveils Credit Goes to HER Kolkata Chapter To Empower Women

CRIF India, part of the global credit information and business intelligence company CRIF, has launched the first regional chapter of its ‘Credit Goes to HER’ initiative in Kolkata, aimed at strengthening women’s leadership and participation in India’s credit ecosystem. Launched nationally in March this year, the initiative seeks to create a community of women professionals […]

CW Bureau · Jun 1, 2026

BANKING & FINANCE Cash Counts: The Humble Banknotes Witness Double-Digit Jump In FY26

Currency in circulation continued to expand at a healthy pace during FY26, with both banknotes and coins registering growth, while the withdrawal of ₹2,000 denomination notes moved closer to completion, according to the Reserve Bank of India Annual Report FY26. The report showed that the value and volume of banknotes in circulation increased by 11.9% […]

CW Bureau · May 30, 2026

BANKING & FINANCE RBI For Kill Switch, AI-Powered Fraud Detection To Fortify Digital Payments

The Reserve Bank of India (RBI) is exploring the introduction of new safeguards in digital payment systems, including a universal ‘kill switch’ and additional transaction frictions, as part of a broader strategy to combat rising digital payment frauds and enhance customer protection. According to the Reserve Bank of India Annual Report FY26, the central bank […]

CW Bureau · May 30, 2026

BANKING & FINANCE Credit Card Spending Growth Tapers To 7.1% In April Post Fiscal-End Surge

India’s credit card spending growth moderated in April 2026 following elevated spending activity during the March fiscal year-end period, even as digital payments and e-commerce transactions continued to support overall consumption trends. According to a CareEdge Ratings report, aggregate credit card spending rose 7.1% year-on-year to ₹1.98 lakh crore in April 2026. However, spending moderated […]

CW Bureau · May 29, 2026