Category: Banking & Finance
BANKING & FINANCE Lloyd’s Insurance Inks Pact With ICICI Lombard General Insurance For India

By Venkatachari Jagannathan The UK-headquartered global insurance marketplace for primary insurance and reinsurance Lloyd’s has strengthened its multinational offering by entering into an agreement with ICICI Lombard General Insurance Company Ltd. Under the agreement, ICICI Lombard will act as Lloyd’s India partner and issue local policies on behalf of Lloyd’s managing agents for selected lines […]

CW Bureau · Jun 19, 2026
BANKING & FINANCE Prudence First: TMB Targets Growth Without Compromising Asset Quality

Tamilnad Mercantile Bank (TMB) is strengthening its focus on secured lending, MSME financing and digital transformation as it pursues sustainable growth while maintaining one of the strongest asset quality profiles in the banking industry, according to the bank’s Managing Director and CEO Salee S Nair. In his message to shareholders in the Annual Report 2025-26, […]

Sajan C Kumar · Jun 18, 2026
BANKING & FINANCE Keki Mistry’s Interim Tenure At HDFC Bank Gets Extended Until September

The Reserve Bank of India (RBI) has approved an extension of the tenure of Keki Mistry as Interim Part-time Chairman of HDFC Bank for a further period of three months, until September 18, 2026, or until the appointment of a regular Part-time Chairman, whichever is earlier. The extension comes amid the bank’s ongoing efforts to […]

CW Bureau · Jun 18, 2026
BANKING & FINANCE Nippon Life India AMC Bets On AIFs, Global Expansion And Digital Growth

Nippon Life India Asset Management Ltd (NAM India) has set its focus on alternative investments, global expansion and digital transformation as the company seeks to diversify growth beyond its mutual fund business, according to Managing Director & CEO Sundeep Sikka. In his message to shareholders in the company’s Annual Report 2026, Sikka said the asset […]

CW Bureau · Jun 16, 2026
BANKING & FINANCE Manba Finance Enters South India Through Nammaloan Partnership

Manba Finance Ltd, Mumbai-based vehicle and retail financing NBFC, has entered the South Indian market through a strategic partnership with Sreesastha (Nammaloan), marking a significant step in the Mumbai-based non-banking finance company’s national expansion strategy. The partnership will initially focus on Karnataka, followed by an entry into Tamil Nadu during the current financial year, with […]

CW Bureau · Jun 16, 2026
BANKING & FINANCE CAMS Doubles Down On AI, Platform Modernisation Amid Diversification

Computer Age Management Services Ltd (CAMS) is strengthening its technology-led growth strategy with continued investments in platform modernisation, digital architecture, automation and artificial intelligence (AI), as the company seeks to consolidate its leadership in India’s rapidly expanding financial services ecosystem. In his message to shareholders in the company’s Annual Report 2025-26, CAMS Chairman Dinesh Kumar […]

CW Bureau · Jun 16, 2026
BANKING & FINANCE ESAF Bank Business Crosses ₹50,000 Cr As Retail Deposits Remain Robust

ESAF Small Finance Bank Ltd has crossed the ₹50,000 crore total business milestone, reflecting the lender’s expanding footprint and sustained growth across deposits and advances. The bank said its total business stood at ₹50,029 crore as of June 11, 2026, comprising total deposits of ₹26,197 crore and gross advances of ₹23,832 crore. Deposits maintain steady […]

CW Bureau · Jun 12, 2026
BANKING & FINANCE CreditAccess Grameen Names Devika Praveen As Chief Compliance Officer

CreditAccess Grameen Ltd., a rural-focused inclusive financing platform, has appointed Devika Praveen as its Chief Compliance Officer (CCO). Devika brings nearly three decades of experience in banking and financial services, with expertise in regulatory compliance, governance, anti-money laundering (AML), regulatory supervision, policy management, compliance testing and Board-level oversight. Extensive experience Prior to joining CreditAccess Grameen, […]

CW Bureau · Jun 11, 2026
BANKING & FINANCE Indian Overseas Bank Bets On Digital, RAM For Next Phase Of Growth

Indian Overseas Bank (IOB) is entering a new phase of strategic growth anchored in financial stability, customer-centric transformation and operational efficiency, with a sharper focus on retail, agriculture and MSME (RAM) segments and technology-led delivery. The bank said rising adoption of mobile banking, UPI and internet banking is reshaping customer engagement, while fintech partnerships and […]

CW Bureau · Jun 11, 2026
BANKING & FINANCE Life Insurance Premium Growth Slows In May, Private Insurers Gain Ground

India’s life insurance industry witnessed a moderation in growth during May 2026, with new business premiums (NBP) rising 5.1% year-on-year (y-o-y) to ₹32,030.9 crore, according to a report by CareEdge Ratings. The slowdown came after a strong start to FY27 and was largely attributed to normalisation in group single-premium business and base effects. The industry […]

CW Bureau · Jun 11, 2026
BANKING & FINANCE DCB Bank Aims To Double Loan Book In 3-4 Years, Bets On Self-Employed

DCB Bank, a new-generation private sector lender, is strengthening its focus on self-employed customers and aims to evolve from being primarily a lender to becoming a comprehensive financial solutions provider, while targeting a doubling of its loan book over the next three to four years. The bank said it intends to offer sustainable solutions that […]

CW Bureau · Jun 11, 2026