BANKING & FINANCE
Indian Bank Q1 Net Profit Rises 10% To ₹3,273 Cr On Interest Income Growth
Public sector lender Indian Bank reported a 10.09% year-on-year (YoY) increase in net profit for the first quarter of FY27, supported by robust growth in net interest income, healthy credit expansion and continued improvement in asset quality. The Chennai-headquartered bank posted a net profit of ₹3,273 crore for the quarter ended June 2026, compared with […]
CW Bureau
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Jul 10, 2026
BANKING & FINANCE
As Vaswani Declines Another Tenure, Kotak Mahindra Bank Starts CEO Hunt
Kotak Mahindra Bank (KMB) has initiated the search for a new Managing Director & Chief Executive Officer after incumbent MD & CEO Ashok Vaswani informed the board that he does not wish to seek reappointment upon the completion of his current term on December 31, 2026, citing personal reasons. The bank’s board, at its meeting […]
CW Bureau
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Jun 27, 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
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Jun 12, 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
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Jun 11, 2026
BANKING & FINANCE
Fino Bank Adds 2.9 Lakh Customers In May 2026, Loan Referrals Rise 2.9x
Fino Payments Bank continued to witness strong customer acquisition momentum in May 2026, opening 2.9 lakh new accounts during the month, a 29% year-on-year increase, as the lender advances its transition towards becoming a Small Finance Bank (SFB). The growth reflects the bank’s expanding reach, rising customer engagement and continued focus on building a broader […]
CW Bureau
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Jun 8, 2026
BANKING & FINANCE
IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat
Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]
CW Bureau
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Jun 2, 2026
BANKING & FINANCE
TVS Venu Group Set To Acquire 9.9% Stake In Jana Small Finance Bank
TVS Motor Company promoter group TVS Venu Group has agreed to acquire a minority stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase. The proposed transaction will give TVS Venu Group an equity ownership of up to 9.9% in Jana Small Finance Bank on a fully […]
CW Bureau
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May 18, 2026
BANKING & FINANCE
RBI Eases Quarterly Profit Inclusion Rules For Bank Capital Calculations
Reserve Bank of India (RBI) has issued fresh amendment directions allowing commercial banks to include quarterly profits in Common Equity Tier 1 (CET1) capital calculations with simplified conditions, a move aimed at streamlining capital adequacy norms for lenders. The revised framework comes after the central bank reviewed stakeholder feedback on draft amendment directions released on […]
CW Bureau
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May 8, 2026
BANKING & FINANCE
HDFC Bank Reports Steady Growth In Advances And Deposits In Q4 FY26
HDFC Bank, in its Q4 FY26 business update to stock exchanges, reported steady growth across key operational metrics, including advances and deposits, reflecting sustained momentum in its core business segments. Advances growth remains stable The bank’s average advances under management stood at ₹ 29,64,400 crore for the March 2026 quarter, registering a growth of around […]
CW Bureau
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Apr 4, 2026
