BANKING & FINANCE Piramal Finance Q2 Profit Rises 67% To ₹545 Cr; AUM Hits ₹1.13 Lakh Cr

Piramal Finance Ltd reported a 67% year-on-year (YoY) increase in profit after tax (PAT) to ₹545 crore for the second quarter ended September 30, 2026, supported by growth in assets under management (AUM), retail disbursements and customer acquisition. The non-banking financial company’s AUM rose 24% YoY to ₹1,13,112 crore, while its Growth AUM, excluding the […]

CW Bureau · Oct 19, 2026

BANKING & FINANCE Canara HSBC Life Insurance Unveils USD-Denominated Global Wealth Plan

Canara HSBC Life Insurance Company Ltd has launched Global Wealth Plan, a unit-linked life insurance and savings product for non-resident Indians (NRIs), offering access to global investment opportunities through GIFT City. The individual, non-participating plan combines US dollar-denominated investments with life insurance protection. It is currently being distributed through Policybazaar, expanding access to NRI customers […]

CW Bureau · Oct 19, 2026

BANKING & FINANCE HDFC Bank Q2 Net Profit Surges 4.7% To ₹19,510 Cr; NII Grows 9.7%

HDFC Bank Ltd, India’s largest private sector lender, reported a 4.7% year-on-year increase in standalone profit after tax (PAT) to ₹19,510 crore for the second quarter of FY27, compared with ₹18,641 crore in the corresponding quarter of the previous financial year. Net interest income (NII) rose 9.7% year-on-year to ₹34,620 crore in the quarter ended […]

CW Bureau · Oct 17, 2026

BANKING & FINANCE ICICI Bank Q2 Net Profit Rises 20% To ₹14,843 Cr On Strong Loan Growth

Leading private sector lender ICICI Bank reported a 20.1% year-on-year increase in standalone profit after tax (PAT) to ₹14,843 crore for the second quarter of FY27, compared with ₹12,359 crore in the corresponding quarter of the previous financial year, supported by strong net interest income, fee growth and an improvement in asset quality. Net interest […]

CW Bureau · Oct 17, 2026

BANKING & FINANCE Federal Bank Stays Cautious On Agri, MF Loan Growth Amid Uncertainties

Federal Bank is maintaining a cautious approach to lending in agriculture and microfinance amid uncertainties over the monsoon, geopolitics, interest rates and inflation, even as the private sector lender pursues calibrated asset growth and strengthens its deposit franchise. “We have not pushed the pedal” on agriculture and microfinance, Federal Bank Managing Director and Chief Executive […]

Sajan C Kumar · Oct 17, 2026

BANKING & FINANCE ICICI Life Unveils New Brand Identity With ‘Har Kal Aasaan’ Tagline

ICICI Life Insurance Ltd, formerly known as ICICI Prudential Life Insurance Company Ltd, has unveiled a new brand identity and tagline, ‘Har Kal Aasaan’, reflecting its focus on making life insurance simpler and more accessible to Indian customers. The new brand promise seeks to position life insurance beyond protection against uncertainties, encouraging people to make […]

CW Bureau · Oct 16, 2026

BANKING & FINANCE Karur Vysya Bank Profit Jumps 37% To ₹788 Cr On Strong Credit Growth

Karur Vysya Bank (KVB), a private sector lender headquartered in Tamil Nadu, reported a 37.28% year-on-year increase in net profit to ₹788 crore for the second quarter of FY27, against ₹574 crore in the corresponding quarter of the previous financial year, driven by strong net interest income, higher fee-based revenue and improved operating efficiency. Net […]

CW Bureau · Oct 15, 2026

BANKING & FINANCE SBI Card, Eternal Unveil Co-Branded Credit Card With Cashback Benefits

SBI Card and Eternal Ltd, formerly Zomato Ltd, have launched the Eternal SBI Card, a co-branded credit card offering discounts and cashback across Eternal’s platforms and partner brands. Customers can request early access through the Zomato, Blinkit and District apps. Applications will open in phases from October 22, with digital onboarding available through all three […]

CW Bureau · Oct 15, 2026

BANKING & FINANCE Indian Bank Profit Up 15% At ₹3,462 Cr On Interest Income Expansion

Indian Bank, the Chennai-headquartered public sector lender, reported a 14.71% year-on-year increase in net profit to ₹3,462 crore for the quarter ended September 2026, from ₹3,018 crore a year earlier, as stronger interest income, a sharp rise in non-interest income and improved operating efficiency supported earnings. Net interest income (NII) increased 17.83% to ₹7,719 crore […]

Sajan C Kumar · Oct 15, 2026

BANKING & FINANCE DGFT Simplifies Silver Bullion Import Authorisations For Eligible Applicants

The Directorate General of Foreign Trade (DGFT) has simplified procedures for expediting import authorisations for silver bullion, aiming to reduce processing time for eligible applicants. Under Trade Notice No. 30/2026-27, dated October 13, 2026, applications covering specified ITC (HS) codes may qualify for expedited processing. Applicants must declare that imports will attract generally applicable customs […]

CW Bureau · Oct 14, 2026

BANKING & FINANCE Govt Okays ₹52,878-Cr Sale Of 61% Stake In IDBI Bank To Fairfax Entity

The Union government has approved the sale of a combined 60.72% stake in IDBI Bank Ltd to Canada-based 10955230 Canada Inc., a parent entity of Fairfax Financial Holdings Ltd, for ₹52,878.08 crore, marking a major milestone in the bank’s privatisation process. The Cabinet Committee on Economic Affairs (CCEA), at its meeting on October 14, 2026, […]

CW Bureau · Oct 14, 2026

BANKING & FINANCE India’s Vehicle Loans Surge As Two-Wheeler Credit Expands: CIBIL Report

India’s personal mobility financing market is undergoing a structural shift, with outstanding two-wheeler loans reaching ₹1.76 lakh crore and average passenger vehicle loan sizes rising 49% to ₹8.2 lakh in the seven years to June 2026, as consumers increasingly rely on formal credit to finance vehicle purchases. The changing borrowing patterns reflect two distinct trends: […]

CW Bureau · Oct 14, 2026