BANKING & FINANCE HDFC Bank Orders External Probe To Review Chakraborty’s Sudden Exit

In a crucial move to uphold its governance standards, the board of HDFC Bank, at its meeting on March 23, 2026, approved the appointment of external law firms, both domestic and international, to review the circumstances surrounding the resignation of Atanu Chakraborty. While the bank did not disclose the names of the firms, it confirmed […]

CW Bureau · Mar 24, 2026

BANKING & FINANCE IRFC Signs ₹12,842-Cr Refinancing Pact With Hindustan Urvarak Rasayan

Indian Railway Finance Corporation Ltd (IRFC), a Navratna CPSE under the Railways Ministry, has signed a rupee term loan agreement with Hindustan Urvarak and Rasayan Ltd (HURL) to refinance its existing long-term debt of up to ₹12,842 crore. The agreement marks one of IRFC’s largest refinancing transactions and underscores its evolving role beyond railway financing […]

CW Bureau · Mar 24, 2026

BANKING & FINANCE Govt Rolls Out Modified Scheme To Boost Credit Flow To Microfinance

In a move aimed at revitalising the microfinance ecosystem, the Indian government  has launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), a revamped initiative designed to unlock up to ₹20,000 crore in credit flow to the sector. The scheme, operationalised through the National Credit Guarantee Trustee Company Limited (NCGTC), will provide guarantee cover to […]

CW Bureau · Mar 22, 2026

BANKING & FINANCE Kotak Mahindra Capital Sells 30.99% Infina Finance Stake For ₹1,294 Cr

Kotak Mahindra Capital Company Ltd (KMCC), a wholly owned subsidiary of Kotak Mahindra Bank Ltd, is divesting a 30.99% stake in Infina Finance Pvt Ltd for ₹1,294 crore, as it looks to pare non-core holdings and free up capital. Stake sale details The transaction, disclosed in a regulatory filing, involves multiple buyers. KMCC will sell […]

CW Bureau · Mar 22, 2026

BANKING & FINANCE HDFC Bank Reassures Stakeholders, Rules Out Governance Concerns

In the wake of the resignation of its part-time chairman, Atanu Chakraborty, HDFC Bank has moved swiftly to reassure investors, analysts and stakeholders, asserting that there are no material governance or operational concerns behind the development. Terming the incident unfortunate, the bank’s management claimed that there were no internal conflicts or power struggles, describing both […]

Sajan C Kumar · Mar 20, 2026

BANKING & FINANCE BHIM Ropes In MS Dhoni To Power Next Phase Of Payments Growth

NPCI BHIM Services Ltd (NBSL) has announced the appointment of former Indian cricket captain Mahendra Singh Dhoni as the brand ambassador for the BHIM payments App. The move aligns with BHIM’s evolving strategy to strengthen user trust while accelerating adoption across urban and rural India. BHIM is entering a new growth phase focused on scale, […]

CW Bureau · Mar 19, 2026

BANKING & FINANCE HDFC Bank Chief Atanu Chakraborty Resigns, Citing Ethic Concerns

HDFC Bank Ltd on Thursday said its part-time Chairman and Independent Director Atanu Chakraborty has resigned with immediate effect. In his resignation letter, Chakraborty cited concerns over certain developments within the bank. “Certain happenings and practices within the bank that I observed over the last two years were not in congruence with my personal values […]

CW Bureau · Mar 19, 2026

BANKING & FINANCE Non-Life Insurance Premium Growth Moderates To 9.7% In February

India’s non-life insurance industry reported a moderation in premium growth in February 2026, even as strong traction in the health segment and other lines continued to support overall expansion. Gross premiums for the sector stood at Rs 23,853.8 crore in February 2026, registering a year-on-year (y-o-y) growth of 9.7%, lower than the 14.9% growth recorded […]

CW Bureau · Mar 18, 2026

BANKING & FINANCE SBI Raises ₹6,051-Cr Via Tier-2 Bonds at 7.05% Coupon Rate

State Bank of India (SBI) has raised ₹6,051 crore through its second Basel III-compliant Tier 2 bond issuance in the current financial year, at a coupon rate of 7.05%. The bonds carry a tenor of 10 years, with a call option after five years and on every anniversary thereafter. The issue has been rated AAA […]

CW Bureau · Mar 18, 2026

BANKING & FINANCE Navi Enters Motor Insurance With Digi-First, Zero-Commission Service

Digital-first financial services company Navi has forayed into the motor insurance segment with the launch of a fully digital, zero-commission product, marking a significant expansion of its insurance portfolio and reinforcing its focus on customer-first financial solutions. Fully Digital, App-Led Insurance Experience With this launch, Navi General Insurance Ltd aims to simplify the purchase and […]

CW Bureau · Mar 17, 2026