Category: Banking & Finance
BANKING & FINANCE Satin Creditcare Strengthens Capital Base, Raises ₹200 Cr As Tier II Fund

Leading microfinance institution Satin Creditcare Network Ltd has raised ₹200 crore through subordinated Tier II capital with a seven-year tenure, strengthening its capital base to support sustained growth across businesses and subsidiaries. The fundraising comes at a time when the microfinance sector is witnessing moderation, even as the company continues to report steady growth and […]

CW Bureau · May 7, 2026
BANKING & FINANCE Indian Bank Bets Big On AI & Digital Push To Accelerate Transformation

Digital adoption is rapidly reshaping operations at public sector lenders, and Indian Bank is stepping up its technology investments with a strong focus on AI-led platforms, digital lending and automation to drive efficiency and customer engagement. The Chennai-headquartered public sector bank said it is implementing more than 10 AI and agentic AI-related platforms in partnership […]

Sajan C Kumar · May 7, 2026
BANKING & FINANCE Public Sector Insurers Chart Growth Roadmap With Focus On Penetration

India’s public sector insurance and reinsurance giants have drawn up an ambitious roadmap aimed at strengthening financial resilience, expanding coverage and accelerating digital transformation. The strategy was firmed up at a high-level review meeting chaired by M. Nagaraju, Secretary, Department of Financial Services (DFS), under the Ministry of Finance. Vision plans under reviewThe meeting undertook […]

CW Bureau · May 5, 2026
BANKING & FINANCE CSB Bank Q4 Profit Rises 6% To ₹202 Cr On Strong NII Growth & Gold Loans

CSB Bank Ltd reported a 6% increase in standalone net profit at ₹202 crore for the March quarter over the corresponding period last year, supported by strong growth in net interest income and stable asset quality. Net Interest Income (NII) rose 25% to ₹464 crore, while interest income increased to ₹1,201 crore from ₹1,154 crore. […]

CW Bureau · May 4, 2026
BANKING & FINANCE Credit Card Spending Momentum Slows In FY26 Despite March Surge

India’s credit card ecosystem showed a seasonal rebound in March 2026, but the broader trend points to a cooling growth trajectory after the post-pandemic surge. Spends rise on seasonal pushCredit card spending rose 23.8% month-on-month (m-o-m) to Rs 2.20 lakh crore in March, driven by typical fiscal year-end consumption and resilient e-commerce demand. However, on […]

CW Bureau · May 3, 2026
BANKING & FINANCE Kotak Mahindra Bank Q4 Profit Rises 13% On Strong Income, Asset Quality

Kotak Mahindra Bank Ltd (KMBL) reported a 13% increase in standalone net profit at ₹4,027 crore for the March quarter, driven by higher interest income and improved asset quality. Net Interest Income rose 8% to ₹7,876 crore, while Net Interest Margin contracted to 4.67% from 4.97%. Cost of funds declined to 4.45% from 5.09%. Fee […]

CW Bureau · May 2, 2026
BANKING & FINANCE Amid Global Headwinds, India Stands Out On Stability, Growth: RBI Chief

India remains firmly on the path of fiscal consolidation, tax reforms, including the implementation of GST, have improved revenue buoyancy, while targeted government spending has enhanced the quality of expenditure and reduced revenue spending as a share of GDP. Delivering the keynote address at the FIMMDA-PDAI Annual Conference in Amsterdam, on May 1, Reserve Bank […]

CW Bureau · May 2, 2026
BANKING & FINANCE Equitas SFB Reports Fivefold Rise In Q4 Profit; Asset Quality Improves

Equitas Small Finance Bank Ltd reported a fivefold increase in net profit at ₹213 crore for the March quarter of FY26 compared with the year-ago period, supported by strong growth and improved margins. Net interest margin rose to 7.29% from 7.13%, while cost-to-income ratio declined to 67.52% from 70.28%. Asset quality and capital position Gross […]

CW Bureau · Apr 30, 2026
BANKING & FINANCE RBI Reworks NBFC Framework, Easier Exit For Low-Risk Players Envisaged

Reserve Bank of India (RBI) has introduced a significant regulatory relaxation for low-risk NBFCs, exempting those not availing public funds and without customer interface from registration and reserve fund requirements. The exemption will come into effect from July 1, 2026. Eligibility criteriaThe relaxation applies to NBFCs with an asset size of less than ₹1,000 crore, […]

CW Bureau · Apr 30, 2026
BANKING & FINANCE Federal Bank Profit Rises To ₹1,259 Cr On Liability Reset, Asset Mix Shift

Kerala-based Federal Bank reported a net profit of ₹1,259 crore for the March quarter, marking a strong y-o-y growth of 22%, driven by improving core earnings and operating leverage. The bank had registered a net profit of ₹1,030 crore in Q4 FY25 and ₹1,041 crore in Q3FY26. For the full financial year, the bank posted […]

CW Bureau · Apr 29, 2026
BANKING & FINANCE Indian Overseas Bank Profit Up 43% On Income Rise, Lower Credit Costs

Public sector lender Indian Overseas Bank (IOB) reported a sharp 43.2% year-on-year jump in net profit to ₹1,505 crore for the March quarter, compared to ₹1,051 crore in the same period last year. The earnings surge reflects a combination of steady income growth, lower credit costs, and continued gains in asset quality. Net Interest Income […]

CW Bureau · Apr 29, 2026