Tag: banking
BANKING & FINANCE AU SFB Gets Shareholders’ Nod To Raise Borrowing Limit To ₹30,000 Cr

AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments. The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to […]

CW Bureau · Sep 6, 2026
BANKING & FINANCE Jana Small Finance Bank Targets Over 80% Growth In Net Profit In FY27

Jana Small Finance Bank Ltd expects profit after tax (PAT) to grow by more than 80% in FY27, supported by normalising credit costs, improving margins and continued growth in its secured lending book. The bank said it enters FY27 with a strengthened balance sheet and will focus on profitability recovery, retail deposits, technology investments and […]

CW Bureau · Sep 4, 2026
RETAIL/FMCG PC Jeweller Repays Debt To 9th Bank, Targets Debt-Free Status This Month

PC Jeweller Ltd has cleared and repaid all outstanding debt owed to one more consortium bank, moving closer to its target of becoming debt-free in the current month. The repayment has been completed under the terms of the Settlement Agreement dated September 30, 2024. The company said the repayment was made ahead of the scheduled […]

CW Bureau · Sep 3, 2026
BANKING & FINANCE J&K Bank Eyes National Expansion With Focus On Digital & Growth

Jammu & Kashmir Bank Ltd is focusing on quality credit growth, stable retail deposits, digital expansion and stronger risk management as it seeks to build a larger presence beyond its traditional markets in Jammu & Kashmir and Ladakh. The bank also plans to expand its branch network, improve customer service, maintain a healthy CASA ratio […]

CW Bureau · Aug 30, 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 · Aug 9, 2026
BANKING & FINANCE IndusInd Bank Charts Three-Year Growth Plan, Target 1% RoA Exit

Private sector lender IndusInd Bank has outlined a three-year transformation roadmap aimed at strengthening its franchise, accelerating growth and building leadership across key business segments. The strategy begins with restoring the bank to industry-aligned growth and achieving an exit Return on Assets (RoA) of 1% in FY27, before focusing on scaling operations in the second […]

CW Bureau · Aug 6, 2026
BANKING & FINANCE SBI Card Eyes Premium Growth, Digital Expansion Through YONO 2.0

SBI Cards and Payment Services Ltd, the pure play credit card player, plans to strengthen customer acquisition through SBI YONO 2.0, expand its presence in premium and co-branded cards, and accelerate digital transformation as part of its next phase of growth. “As we continue to build on our progress, we remain focussed on strengthening the […]

CW Bureau · Aug 4, 2026
BANKING & FINANCE Federal Bank Charts Next Phase With Credit Cards, Wealth Management

Kerala-based private sector lender Federal Bank is sharpening its focus on the mass affluent segment by expanding its credit card business, wealth management offerings and specialised lending portfolio, as part of a broader strategy to emerge as one of India’s leading private sector banks. In his message to shareholders in the bank’s Annual Report 2026, […]

Sajan C Kumar · Jul 31, 2026
BANKING & FINANCE YES Bank Charts Growth Around ‘One Team, One Vision, One YES BANK’

YES Bank will leverage its partnership with Sumitomo Mitsui Banking Corporation (SMBC), strengthen governance and accelerate retail growth as it pursues its ambition of becoming one of India’s most trusted private sector banks. The private sector bank will focus on customer trust, technology, people and governance while building a unified banking franchise under its “One […]

CW Bureau · Jul 25, 2026
BANKING & FINANCE Suryoday SFB To Strengthen Asset Quality And Scale Digital Banking

Suryoday Small Finance Bank Ltd will intensify its focus on strengthening asset quality, expanding secured lending, scaling digital banking initiatives and improving operational efficiency as it pursues sustainable long-term growth, according to Chairman Krishna Prasad Nair. In his message to shareholders in the bank’s Annual Report 2025-26, Nair said the bank’s growth strategy will remain […]

CW Bureau · Jul 15, 2026
BANKING & FINANCE HDFC Bank Steps Up AI Investment To Combat Cyber Fraud: MD Jagdishan

HDFC Bank Ltd. is accelerating investments in artificial intelligence (AI), strengthening cybersecurity and enhancing digital service capabilities as it seeks to combat cyber fraud and improve customer experience. Cyber fraud and dispute resolution remain the two key areas of concern for the bank. The bank is investing in AI, improving customer communication and equipping frontline […]

CW Team · Jul 11, 2026