BANKING & FINANCE Aditya Birla Capital Scales Up Gen AI, Agentic AI To Boost Customer Service

Aditya Birla Capital Ltd (ABCL) is stepping up its focus on artificial intelligence, data and automation as it prepares for its next phase of growth, with the financial services major embedding AI across underwriting, sales, customer service and operations to improve efficiency, strengthen customer engagement and build a future-ready franchise. In her message to shareholders […]

CW Bureau · Jul 17, 2026

BANKING & FINANCE Neo Group Secures ₹350 Cr In New Funding Led By Peak XV Partners

Integrated wealth and asset management platform Neo Group has signed definitive agreements to raise approximately ₹350 crore in a funding round led by Peak XV Partners, reinforcing investor confidence as the company accelerates its next phase of expansion. The latest investment marks a deeper commitment from Peak XV Partners, Neo Group’s earliest institutional investor. The […]

CW Bureau · Jul 16, 2026

BANKING & FINANCE Tata Capital Raises $400 Mn Via 3.5 Year Fixed Rate Sr. Unsecured Bond

Tata Capital Ltd, one of India’s largest diversified non-banking financial companies (NBFCs), has raised $400 million through a 3.5-year Fixed Rate Senior Unsecured Reg S Bond. The fund raise will diversify the company’s funding sources. It will also strengthen its access to international capital markets. Issue oversubscribed The transaction was priced at UST +107 basis […]

CW Bureau · Jul 15, 2026

BANKING & FINANCE TVS Venu Entity Home Credit To Buy Varthana Finance In All-Cash Deal

Home Credit India, part of the TVS Venu Group, has signed an agreement to acquire 100% equity stake in Varthana Finance Pvt Ltd through an all-cash transaction, marking its entry into the specialised education finance segment. The proposed acquisition is part of TVS Venu’s long-term strategy to build and scale high-quality financial services businesses catering […]

CW Bureau · Jul 15, 2026

BANKING & FINANCE Suryoday SFB To Strengthen Asset Quality And Scale Digital Banking

Suryoday Small Finance Bank Ltd will intensify its focus on strengthening asset quality, expanding secured lending, scaling digital banking initiatives and improving operational efficiency as it pursues sustainable long-term growth, according to Chairman Krishna Prasad Nair. In his message to shareholders in the bank’s Annual Report 2025-26, Nair said the bank’s growth strategy will remain […]

CW Bureau · Jul 15, 2026

BANKING & FINANCE IndusInd Bank Integrates With EPFO Portal For Seamless PF Payments

IndusInd Bank has integrated with the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour & Employment, enabling businesses to make Employees’ Provident Fund (EPF) contributions seamlessly through the bank’s digital banking platforms. With the integration, organisations can now select IndusInd Bank directly on the EPFO portal to complete their statutory PF payments using […]

CW Bureau · Jul 13, 2026

BANKING & FINANCE Tata Capital Buys 89% In Yogloans For ₹318 Cr, Enters Gold Loan Space

Tata Capital Ltd (TCL), the flagship financial services company of the Tata Group, has approved the acquisition of a majority stake in Kerala-based Yogakshemam Loans Ltd (Yogloans), marking its entry into India’s fast-growing gold loan segment. The proposed all-cash transaction will see Tata Capital acquire approximately 88.6% of the issued and paid-up share capital of […]

CW Bureau · Jul 13, 2026

BANKING & FINANCE HDFC Bank Steps Up AI Investment To Combat Cyber Fraud: MD Jagdishan

HDFC Bank Ltd. is accelerating investments in artificial intelligence (AI), strengthening cybersecurity and enhancing digital service capabilities as it seeks to combat cyber fraud and improve customer experience. Cyber fraud and dispute resolution remain the two key areas of concern for the bank. The bank is investing in AI, improving customer communication and equipping frontline […]

CW Team · Jul 11, 2026

BANKING & FINANCE Indian Bank Q1 Profit Rises 10% To ₹3,273 Cr On NII Surge, Asset Quality

Public sector lender Indian Bank reported a 10.09% year-on-year (YoY) increase in net profit for the first quarter of FY27, supported by robust growth in net interest income (NII), healthy credit expansion and continued improvement in asset quality. The Chennai-headquartered bank posted a net profit of ₹3,273 crore for the quarter ended June 2026, compared […]

CW Bureau · Jul 10, 2026

BANKING & FINANCE India’s Life Insurance New Business Premiums Increase 16.6% In Q1 FY27

India’s life insurance industry posted a strong start to FY27, with new business premiums (NBP) rising 16.6% year-on-year (y-o-y) in the first quarter, driven by robust growth in private insurers, which continued to expand their market share amid sustained demand for retail protection and long-term savings products, according to a CareEdge Ratings report. The industry’s […]

CW Bureau · Jul 10, 2026

BANKING & FINANCE RBI Approves Mahesh Muralidhar Pai As MD & CEO Of South Indian Bank

The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director & Chief Executive Officer of South Indian Bank for a period of three years, effective October 1, 2026. Pai, 50, brings nearly three decades of banking experience spanning governance, strategy, treasury, foreign exchange, retail banking, agriculture finance […]

CW Bureau · Jul 8, 2026

BANKING & FINANCE Younger Advisors Key For Customer Acquisition, Veterans Push Premiums

India’s insurance distribution ecosystem is undergoing a generational transformation, with younger advisors driving faster customer acquisition while experienced professionals continue to dominate high-value protection sales, according to a new study by insurtech platform Probus. The study found that Point of Sales Persons (PoSPs) under the age of 30 who joined the Probus platform for the […]

CW Bureau · Jul 7, 2026