BANKING & FINANCE CSB Bank Enters Scale Phase of SBS 2030, Targets Diversified Growth

CSB Bank has entered the Scale Phase of its SBS 2030 strategy, with the lender planning to accelerate customer acquisition, strengthen its CASA franchise, diversify its loan portfolio and expand its geographic footprint, Managing Director and CEO Pralay Mondal said. Addressing shareholders at the bank’s 105th Annual General Meeting on Friday, Mondal said the commencement […]

CW Bureau · Aug 21, 2026

BANKING & FINANCE Deposit Growth Hits Highest Level Since 2016, Led By FCNR(B) Inflows

Bank deposit growth accelerated sharply to 15.4% year-on-year as of July 31, 2026, marking its fastest pace since December 2016, even as bank credit growth strengthened to 19.3%, according to CareEdge Ratings. Deposit growth rose from 12.7% as of July 15 and 10% in the corresponding period last year. Credit growth, meanwhile, accelerated from 17.7% […]

CW Bureau · Aug 18, 2026

BANKING & FINANCE ESAF Bolsters Retail Banking Push With Emerging Household Portfolio

ESAF Small Finance Bank is sharpening its focus on the emerging household (EH) loans segment, positioning it as the next major growth driver as customers transition from financial inclusion to mainstream retail banking. The bank believes the segment, comprising individuals, self-help groups (SHGs), small entrepreneurs and farmer interest groups (FIGs), will evolve into one of […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE IDFC FIRST Bank Q1 Profit Rises 132% To Record ₹1,075 Cr, Bad Loans Drop

IDFC FIRST Bank delivered its strongest quarterly performance to date, reporting a record profit after tax (PAT) of ₹1,075 crore for the first quarter of FY27, more than doubling from ₹463 crore in the corresponding quarter last year, driven by improved margins, healthier asset quality and robust business growth. The bank’s net interest margin (NIM) […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE ICICI Bank Q1 Net Profit Rises 16% To ₹14,805 Cr; Provisions See Decline

ICICI Bank reported a 15.9% year-on-year increase in standalone profit after tax (PAT) to ₹14,805 crore for the first quarter of FY27, driven by healthy growth in net interest income, strong fee income and sustained expansion in its loan portfolio. The private sector lender had posted a net profit of ₹12,768 crore in the corresponding […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Kotak Mahindra Bank Q1 Profit Jumps 26% On Strong Loan Growth And NII

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the first quarter of FY27, aided by steady growth in net interest income (NII), healthy loan expansion and a sharp decline in credit provisions. The bank had posted a profit after tax (PAT) of ₹3,282 crore in the corresponding […]

CW Bureau · Jul 18, 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 · Jul 18, 2026

BANKING & FINANCE Indian Bank Confident Of Meeting FY27 Asset Quality Targets: MD

State-owned Indian Bank remains confident of achieving its FY27 asset quality and recovery targets, with Managing Director & CEO Binod Kumar indicating that the lender is on track to reduce gross non-performing assets (GNPA) to 1.50-1.60%, while maintaining balanced credit growth without sacrificing margins. Speaking during the bank’s Q1 FY27 earnings call, Kumar said Indian […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Indian Bank Q1 Profit Rises 10% To ₹3,273 Cr On NII Surge, Asset Quality

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 (NII), 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 […]

CW Bureau · 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 · 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 · 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 · Jun 11, 2026