BANKING & FINANCE IBC Resolution Facilitates Creditors Recover Over ₹4 Lakh Cr In 10 Years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years, marking a significant milestone in India’s financial and legal reform journey. Over the past decade, the IBC has evolved into a key institutional mechanism for improving credit discipline, accelerating recovery processes and strengthening confidence in the country’s insolvency ecosystem. […]

CW Bureau · May 28, 2026

BANKING & FINANCE LIC Targets Bigger Premium Policies Amid Big Push For Insurance For All

Life Insurance Corporation of India (LIC) is sharpening its focus on increasing ticket sizes while simultaneously expanding policy sales as the insurance giant works towards supporting the national vision of “Insurance for All by 2047,” according to Managing Director and Chief Executive Officer R Doraiswamy. Speaking during the company’s earnings call, Doraiswamy said LIC expects […]

CW Bureau · May 28, 2026

BANKING & FINANCE SBI Life Deploys Datamatics’ AI-Powered Underwriting Platform TruAI

SBI Life Insurance Company Ltd has appointed Datamatics Global Services Ltd to strengthen its underwriting operations using Agentic AI-powered automation platform TruAI Underwriting. The move is aimed at improving efficiency and decision-making in complex underwriting cases that require detailed evaluation of medical histories, laboratory reports and multiple risk indicators. AI-led underwriting transformation Underwriting remains a […]

CW Bureau · May 27, 2026

BANKING & FINANCE State Bank Of India Bets On Digital First, AI-Led Banking Transformation

State Bank of India, the country’s largest lender, plans to deepen its “Digital First, Customer First” strategy with increased investments in technology, artificial intelligence, cybersecurity and digital infrastructure as part of its next phase of transformation. “The next phase of our transformation will focus on delivering deeply personalised, seamless, and intuitive banking experiences across all […]

CW Bureau · May 27, 2026

BANKING & FINANCE Corporate Debt Market Crucial For India’s Growth Journey: SEBI Chief

India’s corporate debt market will play a pivotal role in supporting the country’s long-term economic growth ambitions, according to of Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. Addressing the CareEdge Conversation ‘Debt Market Summit’ in Mumbai, Pandey said a growing economy requires patient debt capital to fund infrastructure, capacity expansion, refinancing […]

CW Bureau · May 27, 2026

BANKING & FINANCE GIC Re Posts 25% Rise In FY26 Profit, Underwriting Losses Narrow Sharply

India’s leading reinsurer General Insurance Corporation of India (GIC Re) reported a strong financial performance for FY26, with profit after tax (PAT) rising 25.23% year-on-year to Rs 8,392 crore, driven by higher premium income, improved underwriting performance and steady investment income growth. The company’s gross premium income for FY26 stood at Rs 44,007 crore as […]

CW Bureau · May 27, 2026

BANKING & FINANCE ICICI Lombard Charts Long-Term Growth Roadmap For Next 25 Years

ICICI Lombard General Insurance Company Ltd, which recently completed 25 years of operations, has outlined a long-term roadmap focused on customer-centricity, digital transformation and disciplined growth as it prepares for the next phase of expansion. Chairperson, Rakesh Jha, said the company would continue to deepen its customer-first culture and invest in capabilities that help understand, […]

CW Bureau · May 27, 2026

BANKING & FINANCE Canara HSBC Life Insurance Company Partners West Bengal Gramin Bank

Canara HSBC Life Insurance Company Ltd has entered into a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB) to expand insurance penetration and strengthen financial inclusion across rural India. Under the partnership, Canara HSBC Life Insurance will offer its range of life insurance products through WBGB’s network of 960 branches spread across West Bengal. […]

CW Bureau · May 26, 2026

BANKING & FINANCE Repco Home Finance Targets ₹25,000 Cr Disbursement In Two Years

Repco Home Finance Ltd (RHFL), Chennai-based housing finance firm, has set a target of achieving Assets Under Management (AUM) of ₹18,000 crore and loan disbursements of ₹5,000 crore during FY27 as it steps up growth across key markets. “We want to disburse about Rs.5,000 crore and increase our AUM to Rs.18,000 crore. Two years down […]

CW Bureau · May 26, 2026

BANKING & FINANCE Sundaram Finance PAT Jumps 11% To ₹608 Cr In Q4; FY26 Income Up 17%

Sundaram Finance posted a standalone profit after tax (PAT) of ₹608 crore in Q4FY26, registering an 11.4% growth compared with ₹546 crore in the corresponding quarter last year. Total standalone income for the quarter rose 14.1% to ₹2,103 crore from ₹1,843 crore a year ago. For the full year FY26, standalone PAT increased 18.9% to […]

CW Bureau · May 25, 2026

BANKING & FINANCE Indian Bank To Sharpen Focus On AI-Led Digital Banking, RAM Segments

As part of its growth strategy for FY27, the leading public sector lender Indian Bank will sharpen its focus on AI-driven digital innovation in banking products and services while deepening its presence in retail, agriculture and MSME (RAM) segments. “Our priorities include deepening customer trust through seamless digital product penetration and embedding compliance as a […]

CW Bureau · May 23, 2026

BANKING & FINANCE Canara HSBC Life Declares ₹271 Cr Bonus For 2.33 Lakh Policyholders

Canara HSBC Life Insurance Company Ltd, a life insurance company offering protection and long-term savings products, has announced a bonus of ₹271 crore for FY26 for policyholders holding participating (PAR) policies. The bonus will benefit around 2.33 lakh policyholders whose participating policies were in force as of March 2026. The company said the declared bonus […]

CW Bureau · May 22, 2026