BANKING & FINANCE
RBI Puts Banks On AI Alert, Lists Out Five Key Priorities For Smooth Sailing
The Reserve Bank of India (RBI) has asked banks to make AI governance an immediate priority, calling for complete inventories of AI systems, board-approved governance frameworks, explainable AI decisions, regular stress testing and meaningful human oversight as the technology becomes increasingly embedded in banking. RBI Governor Sanjay Malhotra said banks should treat these measures as […]
CW Bureau
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Aug 11, 2026
BANKING & FINANCE
KVB Picks Up 16.4% Stake In Sahayya Finserve To Scale Up Retail Lending
As part of its strategy to build new growth engines, Karur Vysya Bank (KVB) has invested ₹29.68 crore in Sahayya Finserve Pvt Ltd, an RBI-registered non-banking financial company (NBFC) engaged in affordable housing finance and loan-against-property financing. The investment gives the bank a 16.4% equity stake in the NBFC and is expected to strengthen KVB’s […]
CW Bureau
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Aug 6, 2026
BANKING & FINANCE
Retail Deposits, Diversified Lending To Boost Bandhan Bank’s Growth: MD
Bandhan Bank has outlined a clear roadmap to strengthen its retail deposit franchise, expand its diversified loan portfolio, improve asset quality and accelerate technology-led transformation, as it pursues sustainable growth under its Bandhan Bank 2.0 strategy. In his message to shareholders in the bank’s Annual Report 2026, Managing Director and Chief Executive Officer Partha Pratim […]
CW Bureau
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Jul 31, 2026
BANKING & FINANCE
ICICI Bank Eyes Sustainable Growth With AI-Led Banking Transformation
ICICI Bank has reaffirmed its strategy of pursuing risk-calibrated profitable growth while strengthening its digital capabilities, leveraging artificial intelligence (AI) and maintaining robust governance standards to remain resilient in an evolving banking landscape. In his message to shareholders in the ICICI Bank Annual Report 2026, Chairman Pradeep Kumar Sinha said the bank has optimised all […]
CW Bureau
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Jul 19, 2026
BANKING & FINANCE
Axis Bank Q1 Profit Up 23% To ₹7,114 Cr On Strong Income, Asset Quality
Private sector lender Axis Bank reported a 23% year-on-year increase in net profit to ₹7,114 crore for the first quarter of FY27, driven by healthy growth in core income, improved operating efficiency and stable asset quality. The bank had posted a net profit of ₹5,806 crore in the corresponding quarter of the previous financial year. […]
CW Bureau
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Jul 18, 2026
STARTUP/TECHNOLOGY
Intellect Launches AI-Native Platform For Challenger Banks In UK, Europe
Intellect Design Arena Ltd, an AI-first, enterprise-grade financial technology company, has launched an AI digital banking platform designed specifically for challenger banks and digital-native financial institutions looking to establish AI-native banking operations across the UK and Europe. The company said the platform is aimed at helping new entrants accelerate bank launches while addressing the operational, […]
CW Bureau
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Jun 2, 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
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May 7, 2026
STARTUP/TECHNOLOGY
City Union Bank Partners With Sastra To Set Up COE/AI For Banking
Private sector lender City Union Bank has entered into a quadripartite agreement with Centific Global Solutions Inc, Sastra University, and nStore Retech Pvt Ltd to establish a Centre of Excellence in Artificial Intelligence for Banking (CoE/AIDF). Under the agreement, City Union Bank will participate as a Business Partner, contributing domain expertise, industry insights, and support […]
CW Bureau
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Mar 8, 2026
