BANKING & FINANCE
Yes Bank Moves Swiftly To Contain Forex Card Fraud, Shields Customers
Yes Bank has initiated stringent corrective measures after detecting a cluster of unauthorised e-commerce transaction attempts on its multi-currency prepaid forex cards issued in partnership with BookMyForex. According to the bank, its fraud monitoring systems flagged an unusual spike in transaction declines linked to specific Bank Identification Numbers (BINs) in the early hours of February […]
CW Bureau
·
Feb 26, 2026
BANKING & FINANCE
Probe On, No Systemic Impact: IDFC First Bank Reassures Investors
IDFC First Bank which has appointed global audit firm KPMG to conduct a forensic investigation into a ₹590-crore fraud at one of its Chandigarh branches involving accounts linked to Haryana government departments, has moved to reassure investors about its capital strength and internal controls. Addressing investors, the bank’s top management described the incident as a […]
CW Bureau
·
Feb 24, 2026
BANKING & FINANCE
IDFC First Bank Flags ₹590 Cr Fraud In Haryana Govt-Linked Accounts
IDFC First Bank Ltd has reported an incident involving alleged unauthorised and fraudulent activities at one of its branches in Chandigarh, potentially impacting a specific group of Haryana government-linked accounts, with an aggregate amount of approximately ₹590 crore under reconciliation. In a regulatory filing to stock exchanges on Saturday, the bank said the issue came […]
CW Bureau
·
Feb 22, 2026
BANKING & FINANCE
Gold Loans Turns Safe Bet; Muthoot Finance AUM Surges New High
For thousands of borrowers navigating tight liquidity conditions and limited access to unsecured credit, gold loans are increasingly emerging as a trusted and secure way to raise funds without lengthy approval processes. Riding this shift in customer behaviour, Muthoot Finance Ltd, the largest gold loan NBFC, has reported a record year in its core gold […]
CW Bureau
·
Feb 19, 2026
BANKING & FINANCE
Axis Bank, IndiGo Launch Co-Branded Credit Cards To Tap Travel Spending
Axis Bank and IndiGo have entered into a strategic partnership to launch co-branded credit cards aimed at meeting the evolving travel and lifestyle needs of Indian consumers. The partnership introduces two variants, the IndiGo Axis Bank Credit Card and the IndiGo Axis Bank Premium Credit Card, designed to reward everyday spending and travel purchases through […]
CW Bureau
·
Feb 18, 2026
BANKING & FINANCE
RBI Mulls Tighter Rules On Recovery Agents To Protect Bank Borrowers
The Reserve Bank of India (RBI) has released draft amendment directions aimed at tightening norms governing the conduct of commercial banks in the recovery of loans and the engagement of recovery agents. The proposed changes seek to enhance borrower protection, improve transparency and curb harsh recovery practices while strengthening accountability of banks for the actions […]
Sajan C Kumar
·
Feb 12, 2026
BANKING & FINANCE
Muthoot Finance Standalone Net Profit Q3 Grows 95% At ₹2,656 Cr
Muthoot Finance Ltd has posted a 95% year-on-year rise in standalone net profit at ₹2,656 crore for the December quarter. Total Income grew by 64% t0 ₹7,263 crore from ₹4,431 crore. 64%. MFL reported capital adequacy ratio of 20.27%. Loan Assets Under Management (AUM) increased to ₹1,47,552 crore, marking a 12% growth. Chairman George Jacob […]
CW Bureau
·
Feb 12, 2026
BANKING & FINANCE
RBI Names Vijay Anandh As City Union Bank MD & CEO From May 2026
The Reserve Bank of India has approved the appointment of R. Vijay Anandh, currently Executive Director of City Union Bank, as the Managing Director & Chief Executive Officer for a period of three years, effective May 1, 2026, along with remuneration. The appointment will be subject to shareholders’ approval. Anandh will succeed N. Kamakodi, who […]
CW Bureau
·
Feb 9, 2026
BANKING & FINANCE
Cholamandalam Finance Posts 27% Increase In Its Q3 Net At ₹1,386 Cr
Cholamandalam Financial Holdings Ltd. reported a 27% rise in consolidated net profit to ₹1,386 crore for the December quarter, driven by a strong operating performance. Total income grew 17% year-on-year to ₹10,084 crore. Of this, the finance segment contributed ₹7,898 crore and the insurance business ₹2,149 crore, the Murugappa Group’s core investment company said. Cholamandalam […]
CW Bureau
·
Feb 9, 2026
BANKING & FINANCE
Star Health Bets On Value-Driven Growth, Disciplined Underwriting
Star Health and Allied Insurance Company said as it enters the final quarter of the fiscal year, the company’s priorities remain firmly anchored in value-driven growth, disciplined underwriting, strong fraud analytics and deeper partnerships with hospitals and distributors. The Chennai-based standalone insurance major is reinforcing its position as a customer-focused health insurer backed by strong […]
CW Bureau
·
Feb 8, 2026
