BANKING & FINANCE CCI Approves Kotak Mahindra Bank’s Buy Of Deutsche Bank’s R&W Bizz

The Competition Commission of India (CCI) has approved Kotak Mahindra Bank Ltd’s proposed acquisition of Deutsche Bank Aktiengesellschaft’s retail banking, private banking and wealth management business in India. The transaction involves the acquisition of the identified business, operated through Deutsche Bank’s branches in India, as a going concern on a slump sale basis. Deal includes […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE Equitas SFB CEO Vasudevan Resigns Amid Conflict-Of-Interest Concerns

P N Vasudevan, Managing Director and Chief Executive Officer of Equitas Small Finance Bank, has resigned from his position, citing persistent concerns among investors over a perceived conflict of interest arising from his daughter’s association with a non-banking financial company (NBFC). The bank, in a regulatory communication on Thursday, said it had received a letter […]

CW Bureau · Oct 29, 2026

BANKING & FINANCE Ujjivan SFB Launches New Brand Campaign With Actor R Madhavan

Ujjivan Small Finance Bank (Ujjivan SFB), which serves more than 1 crore customers through 800 branches across 26 states and Union territories, has launched a new brand campaign, ‘Nothing Small About Us’, featuring actor R Madhavan as its brand ambassador. The campaign seeks to address a customer perception that the word ‘Small’ in the bank’s […]

CW Bureau · Sep 18, 2026

BANKING & FINANCE HDFC Bank Sends Two MD & CEO Candidates To RBI For Approval

HDFC Bank’s board has approved two candidates, in order of preference, for the post of Managing Director & Chief Executive Officer (MD & CEO), and has submitted their names and proposed remuneration to the Reserve Bank of India (RBI) for approval. The candidates have been proposed for a three-year term, marking a key step in […]

CW Bureau · Sep 12, 2026

BANKING & FINANCE IOB Welcomes RBI’s Status Quo, Says Move Supports Stable Credit Growth

Indian Overseas Bank (IOB) has welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain its neutral monetary policy stance, saying the move reflects confidence in the resilience of the Indian economy despite an uncertain global environment. The public sector lender said the central bank’s policy would help […]

CW Bureau · Aug 5, 2026

BANKING & FINANCE How RBI’s New Deposit Pricing Rules Will Reshape The Bank Competition

The Reserve Bank of India (RBI) has rewritten the rules governing interest rates on bank deposits, giving lenders greater flexibility to price bulk deposits while simultaneously tightening disclosure norms to improve transparency. The changes, which come into effect from October 1, 2026, are expected to make the wholesale deposit market more market-driven and better aligned […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE Canara Bank Q1 Net Profit Rises 2.2% To ₹4,856 Cr; Asset Quality Improves

State-owned Canara Bank reported a 2.19% year-on-year increase in net profit to ₹4,856 crore for the quarter ended June 30, 2026, supported by steady business growth and continued improvement in asset quality. The bank’s operating profit rose marginally by 0.96% to ₹8,636 crore, while fee income increased 5.35% to ₹2,342 crore during the quarter. Business […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Karur Vysya Bank Targets NRI, SME Growth; Sees Margin Pressure Ahead

Karur Vysya Bank (KVB) is stepping up its focus on NRI deposits and small business lending while preparing for pressure on lending yields as competition for quality borrowers intensifies. Speaking during the bank’s post-earnings conference call, Managing Director & CEO B. Ramesh Babu said the lender has begun seeing traction in customised lending products and […]

Sajan C Kumar · Jul 24, 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 · Jul 19, 2026

BANKING & FINANCE South Indian Bank’s Advances Jump 17% In Q1 FY27, Deposits Up 11.39%

South Indian Bank has reported healthy business growth for the quarter ended June 30, 2026, with both its gross advances and deposits continuing to register double-digit growth, reflecting sustained momentum in its lending and deposit franchise. According to the bank’s provisional business update, gross advances increased 17.01% year-on-year to ₹1,04,366 crore, while total deposits rose 11.39% […]

CW Bureau · Jul 1, 2026

BANKING & FINANCE Indian Banks Remain Resilient With Strong Capital, Liquidity: RBI Report

India’s banking system remains resilient, with scheduled commercial banks (SCBs) supported by strong capital and liquidity buffers, improving asset quality and stable profitability, the Reserve Bank of India (RBI) said in its June 2026 Financial Stability Report (FSR). The central bank said the consolidated balance sheet of SCBs continued to strengthen during FY2025-26, with healthy […]

CW Bureau · Jul 1, 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