BANKING & FINANCE
RBI Puts Banks On AI Alert, Lists Out Five Key Priorities For Smooth Sailing
The Reserve Bank of India (RBI) has asked banks to make AI governance an immediate priority, calling for complete inventories of AI systems, board-approved governance frameworks, explainable AI decisions, regular stress testing and meaningful human oversight as the technology becomes increasingly embedded in banking. RBI Governor Sanjay Malhotra said banks should treat these measures as […]
CW Bureau
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Aug 11, 2026
BANKING & FINANCE
IDFC First Bank Regrets Fraud At Chandigarh, Vows Stronger Controls
IDFC First Bank has expressed regret over the recent misappropriation of funds of ₹590 crore at its Chandigarh branch and said it is determined to ensure that such an incident does not happen again. “The incident has reinforced in us the requirement to be more vigilant and never to be too sure of ourselves or […]
CW Bureau
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Aug 9, 2026
BANKING & FINANCE
City Union Bank Steps Up Investments In Cybersecurity & AI
Private sector lender City Union Bank Ltd is accelerating investments in cybersecurity, digital banking and artificial intelligence as part of its strategy to strengthen customer protection and enhance banking services. The bank said it is continuing to invest aggressively in cybersecurity to ensure customers remain protected against evolving digital threats while building a technology-driven banking […]
CW Bureau
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Jul 20, 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
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Jul 19, 2026
MANUFACTURING
ATM Maker Hyosung TNS Eyes Tamil Nadu To Tap India, Export Markets
South Korea-based Hyosung TNS, a global leader in self-banking technologies, is considering setting up a greenfield manufacturing facility in Tamil Nadu to produce automated teller machines (ATMs) for domestic and international markets, highlighting India’s growing importance as a manufacturing and export hub for global technology companies. Industry observers said the proposed investment reflects a broader […]
CW Bureau
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Jun 14, 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
STARTUP/TECHNOLOGY
Intellect Launches AI-Native Platform For Challenger Banks In UK, Europe
Intellect Design Arena Ltd, an AI-first, enterprise-grade financial technology company, has launched an AI digital banking platform designed specifically for challenger banks and digital-native financial institutions looking to establish AI-native banking operations across the UK and Europe. The company said the platform is aimed at helping new entrants accelerate bank launches while addressing the operational, […]
CW Bureau
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Jun 2, 2026
BANKING & FINANCE
CMS Info Systems Bags ₹400-Cr ATM Outsourcing Deal From HDFC Bank
CMS Info Systems has secured a major integrated ATM managed services outsourcing mandate from HDFC Bank, strengthening its position in India’s fast-evolving cash management and banking automation ecosystem. The order is valued at ₹400 crore across 6,000 ATMs. The five-year contract will see CMS Info Systems provide a comprehensive suite of managed services solutions to […]
CW Bureau
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May 10, 2026
STARTUP/TECHNOLOGY
City Union Bank Partners With Sastra To Set Up COE/AI For Banking
Private sector lender City Union Bank has entered into a quadripartite agreement with Centific Global Solutions Inc, Sastra University, and nStore Retech Pvt Ltd to establish a Centre of Excellence in Artificial Intelligence for Banking (CoE/AIDF). Under the agreement, City Union Bank will participate as a Business Partner, contributing domain expertise, industry insights, and support […]
CW Bureau
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Mar 8, 2026
