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

BANKING & FINANCE Keki Mistry’s Interim Tenure At HDFC Bank Gets Extended Until September

The Reserve Bank of India (RBI) has approved an extension of the tenure of Keki Mistry as Interim Part-time Chairman of HDFC Bank for a further period of three months, until September 18, 2026, or until the appointment of a regular Part-time Chairman, whichever is earlier. The extension comes amid the bank’s ongoing efforts to […]

CW Bureau · Jun 18, 2026

BANKING & FINANCE Indian Overseas Bank Bets On Digital, RAM For Next Phase Of Growth

Indian Overseas Bank (IOB) is entering a new phase of strategic growth anchored in financial stability, customer-centric transformation and operational efficiency, with a sharper focus on retail, agriculture and MSME (RAM) segments and technology-led delivery. The bank said rising adoption of mobile banking, UPI and internet banking is reshaping customer engagement, while fintech partnerships and […]

CW Bureau · Jun 11, 2026

BANKING & FINANCE RBI’s Policy Signals Focus On Stability Amid Global Uncertainties: IOB Chief

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance reflects a balanced and prudent approach aimed at preserving macroeconomic stability amid an uncertain global environment, according to Indian Overseas Bank (IOB). Growth momentum remains resilient Commenting on the RBI’s latest monetary policy decision, Indian […]

CW Bureau · Jun 6, 2026

BANKING & FINANCE State Bank Of India Bets On Digital First, AI-Led Banking Transformation

State Bank of India, the country’s largest lender, plans to deepen its “Digital First, Customer First” strategy with increased investments in technology, artificial intelligence, cybersecurity and digital infrastructure as part of its next phase of transformation. “The next phase of our transformation will focus on delivering deeply personalised, seamless, and intuitive banking experiences across all […]

CW Bureau · May 27, 2026

BANKING & FINANCE Indian Bank To Sharpen Focus On AI-Led Digital Banking, RAM Segments

As part of its growth strategy for FY27, the leading public sector lender Indian Bank will sharpen its focus on AI-driven digital innovation in banking products and services while deepening its presence in retail, agriculture and MSME (RAM) segments. “Our priorities include deepening customer trust through seamless digital product penetration and embedding compliance as a […]

CW Bureau · May 23, 2026

BANKING & FINANCE Karur Vysya Bank Expects Its Credit Growth Above Industry Level In FY27

The Karur Vysya Bank Ltd expects its credit growth to outpace industry growth by 1-2% during FY27 despite global macroeconomic uncertainties, geopolitical tensions and pressure on margins. The bank expects slippages to remain below 1% of the asset book during FY27, while liquidity coverage ratio (LCR) is projected to remain in the range of 115-120%. […]

CW Bureau · May 13, 2026