Category: Banking & Finance
BANKING & FINANCE India’s Net External Liabilities Narrow On Strong Overseas Asset Build-Up

India’s external balance sheet strengthened in the third quarter of FY26, with net claims of non-residents declining sharply, reflecting a faster expansion in overseas assets held by residents compared to foreign investments into the country. Net IIP improves on faster asset accumulation According to the Reserve Bank of India’s data on India’s International Investment Position […]

CW Bureau · Mar 31, 2026
BANKING & FINANCE CMS Info Systems Acquires ATM Services Business Of FSS For ₹115 Cr

Business services company CMS Info Systems Ltd has acquired the ATM managed services business of Financial Software and Systems Pvt Ltd (FSS) for a purchase consideration of up to ₹115 crore. The transaction involves the transfer of operating assets and the novation of customer contracts. The acquisition adds 8,000 units and introduces new private sector […]

CW Bureau · Mar 29, 2026
BANKING & FINANCE RBI Eyes Enhanced Safety In Digital Payments Under Its Vision 2028

India’s banking regulator, the Reserve Bank of India (RBI), is considering measures to enhance safety in digital payments, including enabling customers to switch transactions on or off across digital payment modes through issuer channels. According to Payments Vision 2028, released by the RBI, the central bank also plans to introduce a shared responsibility framework under […]

CW Bureau · Mar 29, 2026
BANKING & FINANCE Digital NBFCs’ Personal Loan Book Set To Surpass ₹3.6 Lakh Cr By FY30

The personal loan portfolio of digital NBFCs is expected to exceed ₹3.6 lakh crore by FY30, translating into a CAGR of 26%–28% over FY25–FY30. Growth prospects remain strong, driven by increasing digital penetration and an expanding borrower base, according to a CareEdge report. Outstanding Personal Loan Portfolio Doubles As per data from the Fintech Association […]

CW Bureau · Mar 28, 2026
BANKING & FINANCE Oriental Insurance Hits ₹20,000 Cr Gross Premium Milestone In FY26

The Oriental Insurance Company Ltd (OICL) has crossed ₹20,000 crore in gross premium for FY 2025–2026, marking a significant milestone in its growth journey. This achievement reflects the growing trust of policyholders, intermediaries, and stakeholders, not only in OICL but also in public sector insurance institutions at large. The milestone aligns with the government’s broader […]

CW Bureau · Mar 27, 2026
BANKING & FINANCE Atanu Chakraborty Exit Triggers Legal Questions As HDFC Bank Shares Slide

A sharp fall in HDFC Bank shares following the resignation of former part-time chairman Atanu Chakraborty has sparked a legal debate on whether investors have any recourse. In his March 17 resignation letter, Chakraborty cited “certain happenings and practices” over the past two years that were not aligned with his personal values and ethics, adding there were no […]

CW Team · Mar 26, 2026
BANKING & FINANCE Allianz Jio Re Commences Operations In India, Offers Robust Risk Solutions

Jio Financial Services Ltd (JFSL) and Allianz Group (Allianz) through its wholly-owned subsidiary Allianz Europe B.V,  have announced that their reinsurance JV Allianz Jio Reinsurance Ltd (Allianz Jio Re), has commenced operations and is authorised to underwrite reinsurance in India with immediate effect. Regulatory Approval Secured from IRDAI Allianz Jio Re received final regulatory approval […]

CW Bureau · Mar 26, 2026
BANKING & FINANCE Fino Payments Bank’s Referral Lending At ₹540 Cr, Till March 2026

Fino Payments Bank is witnessing strong momentum in its referral lending business through its merchant-led distribution channel, with disbursements reaching ₹540 crore as of March 20, 2026. The bank expects to close the current quarter at nearly 90% of the cumulative disbursements recorded in the first three quarters (₹700 crore), putting it on track to […]

CW Bureau · Mar 25, 2026