BANKING & FINANCE How RBI’s New Deposit Pricing Rules Will Reshape The Bank Competition

The Reserve Bank of India (RBI) has rewritten the rules governing interest rates on bank deposits, giving lenders greater flexibility to price bulk deposits while simultaneously tightening disclosure norms to improve transparency. The changes, which come into effect from October 1, 2026, are expected to make the wholesale deposit market more market-driven and better aligned […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE Federal Bank Charts Next Phase With Credit Cards, Wealth Management

Kerala-based private sector lender Federal Bank is sharpening its focus on the mass affluent segment by expanding its credit card business, wealth management offerings and specialised lending portfolio, as part of a broader strategy to emerge as one of India’s leading private sector banks. In his message to shareholders in the bank’s Annual Report 2026, […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE LIC Housing Finance Q1 PAT Rises To ₹1,488 Cr; Disbursements Up 14.5%

LIC Housing Finance Ltd reported a 9.4% year-on-year increase in net profit to ₹1,488.32 crore for the first quarter of FY27, driven by healthy growth in loan disbursements and an improvement in asset quality, despite a marginal decline in revenue and pressure on net interest margins. The company’s revenue from operations slipped to ₹7,062.45 crore […]

CW Bureau · Jul 31, 2026

BANKING & FINANCE Sundaram Home Finance Q1 PAT Up 37% To ₹85 Cr; AUM Tops ₹20,300 Cr

Sundaram Home Finance Ltd reported a 37% year-on-year increase in net profit to ₹85 crore for the first quarter ended June 30, 2026, supported by healthy loan growth and strong traction in its emerging business segment. The wholly owned subsidiary of Sundaram Finance also recorded a 12% increase in disbursements to ₹1,665 crore, compared with […]

CW Bureau · Jul 30, 2026

BANKING & FINANCE Chola MS Q1 PAT Drops 20% To ₹86 Cr Despite Higher Premium Income

Cholamandalam MS General Insurance Company Ltd (Chola MS) reported a 19.6% year-on-year decline in profit after tax (PAT) to ₹86 crore for the first quarter ended June 30, 2026, even as the insurer posted healthy growth in premium collections. The company had reported a PAT of ₹107 crore in the corresponding quarter of the previous […]

CW Bureau · Jul 29, 2026

BANKING & FINANCE CSB Bank’s Diversification Strategy Eyes Balanced Loan Book By 2030

Private sector lender CSB Bank is accelerating its transformation into a diversified, pan-India bank by expanding its retail, wholesale and MSME portfolios, while gold loans will continue to remain a key pillar providing stability and liquidity. The Kerala-headquartered bank is  investing heavily in technology and distribution under its long-term SBS 2030 strategy. In his message […]

Sajan C Kumar · Jul 28, 2026

BANKING & FINANCE TVS Motor Buys 4.39% Stake Of TVS Credit For ₹711 Cr From Lucas-TVS

TVS Motor Company Ltd has increased its stake in subsidiary TVS Credit Services Ltd (TVS CS) to 85.15% by acquiring 4.39% equity from Lucas-TVS Ltd for an aggregate cash consideration of ₹711 crore. The transaction involved the acquisition of 1,13,37,297 equity shares of TVS Credit Services and was completed on July 27, 2026, the company […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Tamilnad Mercantile Bank Q1 Profit Rises 35% To ₹411.5 Cr; NII Grows

Tamilnad Mercantile Bank Ltd (TMB) posted a 34.97% year-on-year (YoY) increase in net profit at ₹411.51 crore for the first quarter of FY27, driven by strong growth in net interest income(NII), healthy expansion in advances and deposits, and continued improvement in asset quality. The private sector lender had reported a net profit of ₹304.89 crore […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Neo Group Appoints Anirban Banerjee As Co-Founder & Chief People Officer

Wealth and asset management firm Neo Group has appointed Anirban Banerjee as Co-founder and Chief People and Transformation Officer, bolstering its leadership team as the company accelerates the expansion of its wealth and asset management platform. In his new role, Banerjee will lead Neo Group’s people strategy, talent development, leadership capability, organisation design, culture and […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Northern Arc Capital Q1 Profit Jumps 41% To ₹114 Cr On Loan Book Growth

Diversified financial services platform Northern Arc Capital Ltd reported a 41% year-on-year increase in its consolidated profit after tax (PAT) to ₹114 crore in the first quarter of FY27, driven by healthy growth in lending assets, higher net interest income and improving asset quality. The company’s net interest income (NII) rose 32% year-on-year to ₹394 […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Canara Bank Q1 Net Profit Rises 2.2% To ₹4,856 Cr; Asset Quality Improves

State-owned Canara Bank reported a 2.19% year-on-year increase in net profit to ₹4,856 crore for the quarter ended June 30, 2026, supported by steady business growth and continued improvement in asset quality. The bank’s operating profit rose marginally by 0.96% to ₹8,636 crore, while fee income increased 5.35% to ₹2,342 crore during the quarter. Business […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE New India Assurance Expands Maritime Risk Cover, Eyes Retail

The New India Assurance Co. Ltd (NIA) has established the Bharat Maritime Insurance (BMI) Pool and the Bharat Marine Pool (BMP) to provide war-risk insurance cover for Indian shipping, while sharpening its focus on the retail and MSME segments as the next phase of growth. The maritime insurance mechanism will protect Indian trade from geopolitical […]

CW Team · Jul 27, 2026