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
·
Apr 4, 2026
