BANKING & FINANCE Margin Gains, Asset Quality Strength Anchor Indian Bank’s Steady Growth

Chennai-headquartered Indian Bank delivered a measured yet fundamentally strong performance in the March quarter of FY26, with profitability, margins, and asset quality all trending in the right direction, even as topline growth remained moderate. Profitability holds firm, supported by core income growth The bank reported a 4.97% YoY rise in net profit to ₹3,103 crore […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE IndusInd Bank Bets Big On GenAI To Power Next-Gen Growth Playbook

At a time when artificial intelligence is reshaping the global financial landscape, Rajiv Anand, MD & CEO of IndusInd Bank, is positioning AI, especially Generative AI, as the bank’s next structural growth lever, likening its impact to, or even surpassing, the core banking and digital revolutions of the past two decades. AI moves from buzzword […]

CW Bureau · Apr 29, 2026

BANKING & FINANCE Star Health FY26: Profit Up, Loss Ratios Down, Retail Leads Growth

India’s largest standalone health insurer Star Health and Allied Insurance Company Ltd closed FY26 on a strong note, delivering improved profitability, tighter underwriting metrics, and sustained momentum in its core retail health insurance business. Profitability strengthens amid disciplined executionThe company reported a profit after tax (PAT) of ₹911 crore for FY26, marking a 16% year-on-year […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE Flipkart, Axis Bank And PayU Roll Out Biometric Card Payments Sans OTP

E-commerce major Flipkart has partnered with Axis Bank and PayU to introduce biometric authentication for card payments.  The move allows users to authenticate payments using fingerprints or facial recognition on compatible Android and iOS devices, eliminating the need for one-time passwords (OTPs). The feature has been rolled out initially for Axis Bank cardholders, leveraging issuer-level […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE Canara Robeco Clocks Steady FY26 Growth, Q4 Profit Slightly Softens

Canara Robeco Asset Management Company Ltd, one of India’s oldest mutual fund houses, delivered a steady full-year performance for FY26, even as profitability saw a marginal dip in the March quarter. Q4 shows stable topline, slight profit dipFor Q4FY26, the company reported Profit After Tax (PAT) of ₹41 crore, down 1% year-on-year, indicating some pressure […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE City Union Bank Inaugurates 1,000th Branch Ahead Of CEO Kamakodi Exit

City Union Bank Ltd, Managing Director and Chief Executive Officer, N. Kamakodi, is a man of few words, but his actions have often spoken louder. Media, business associates, customers and colleagues vouch for his understated style of leadership. Days before demitting office, Kamakodi guided the bank to yet another milestone, crossing 1,000 branches, a symbolic […]

CW Bureau · Apr 28, 2026

BANKING & FINANCE Compliance Matters: The Inside Story Of Paytm Bank Licence Cancellation

In one of the toughest regulatory actions in India’s fintech space, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with effect from April 24, 2026, citing persistent non-compliance and serious governance concerns. The move effectively shuts down the payments bank and sets in motion a winding-up […]

CW Bureau · Apr 26, 2026

BANKING & FINANCE UCO Bank Q4 Net Profit Rises 23% to ₹801 Cr On Improved Asset Quality

Public sector lender UCO Bank reported a 22.66% increase in net profit at ₹801 crore for the March quarter, aided by continued improvement in asset quality. Net interest income contracted by 3.11% to ₹2,614 crore. Global Net Interest Margin (NIM) improved 1 bps to 3%, while domestic NIM fell 3 bps to 3.19%. Fee-based income […]

CW Bureau · Apr 26, 2026

BANKING & FINANCE RBL Bank Q4 Net Profit Surges 234% To ₹230 Cr On Retail, Deposit Growth

RBL Bank Ltd, a private sector lender, reported a 234% increase in its standalone net profit for March quarter at ₹230 crore compared with the year-ago period, driven by strong momentum in granular retail advances and sustained strengthening of its deposit franchise. Net interest income (NII) grew 7% to ₹1,671 crore, while net interest margin […]

CW Bureau · Apr 25, 2026

BANKING & FINANCE Axis Bank Q4 PAT Dips Marginally To ₹7,071 Cr On Higher Provisioning

Axis Bank reported a marginal 0.65% year-on-year decline in standalone net profit at ₹7,071 crore for Q4 FY26, compared to ₹7,117.5 crore in the same quarter last fiscal owing to higher provisioning. The slight dip in profitability comes even as the bank maintained stable core operating performance. NII growth and margins remain resilient Net Interest […]

CW Bureau · Apr 25, 2026

BANKING & FINANCE Can Fin Homes Q4 Net Profit Up 31% to ₹346 Cr, For FY26 ₹1,006 Cr

Can Fin Homes Ltd, a housing finance company promoted by Canara Bank, reported a 31% rise in net profit at ₹346 crore for the March quarter of FY26, supported by improvement in margins and steady growth in its loan book. Net interest margin (NIM) improved by 37 basis points to 4.19%. For the full year, […]

CW Bureau · Apr 25, 2026

BANKING & FINANCE Shriram Finance Q4 PAT Jumps 41% To ₹3,014 Cr; Revenue At ₹12,527 Cr

Shriram Finance Ltd, the flagship company of the Shriram Group and one of the largest NBFCs in the country, reported a 40.86% jump in profit after tax (PAT) at ₹3,013.57 crore for the March-ended quarter, compared with ₹2,139.39 crore in the same period of the previous year. Income growth lags profit surgeTotal income of the […]

CW Bureau · Apr 24, 2026