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

STARTUP/TECHNOLOGY CIBC Opens Global Capabilities Hub In Hyderabad To Expand Talent Base

CIBC has opened a global capabilities hub in Hyderabad as part of its strategy to strengthen its global operations and expand its talent base across Canada, the U.S., Europe and Asia. The new centre will support the bank’s ongoing transformation initiatives by insourcing work that was previously managed by third-party service providers and accelerating the […]

CW Bureau · Jul 8, 2026

BANKING & FINANCE Standard Chartered Completes Swift Remittance To India In 37 Seconds

Standard Chartered has processed an end-to-end international remittance to India in 37 seconds using Swift’s retail payments scheme, marking what the bank described as a world-first transaction under the framework. The payment originated from Westpac in Australia and was routed through Standard Chartered, which enabled near real-time credit to the beneficiary bank in India. Faster […]

CW Bureau · Jul 3, 2026

BANKING & FINANCE IDBI Bank To Focus On Customer-Centric, AI-Driven Banking Model

Private sector lender IDBI Bank will continue its transition towards a trust-led and customer-driven banking model, with a strong focus on customer satisfaction, customised products and seamless banking experiences. The bank’s strategic direction will remain anchored around building a customer-focused banking franchise while deepening relationship engagement and enhancing service delivery across channels. Retail focus The […]

CW Bureau · Jun 25, 2026

BANKING & FINANCE CreditAccess Grameen Names Devika Praveen As Chief Compliance Officer

CreditAccess Grameen Ltd., a rural-focused inclusive financing platform, has appointed Devika Praveen as its Chief Compliance Officer (CCO). Devika brings nearly three decades of experience in banking and financial services, with expertise in regulatory compliance, governance, anti-money laundering (AML), regulatory supervision, policy management, compliance testing and Board-level oversight. Extensive experience Prior to joining CreditAccess Grameen, […]

CW Bureau · Jun 11, 2026

BANKING & FINANCE Kotak Mahindra Bank Q4 Profit Rises 13% On Strong Income, Asset Quality

Kotak Mahindra Bank Ltd (KMBL) reported a 13% increase in standalone net profit at ₹4,027 crore for the March quarter, driven by higher interest income and improved asset quality. Net Interest Income rose 8% to ₹7,876 crore, while Net Interest Margin contracted to 4.67% from 4.97%. Cost of funds declined to 4.45% from 5.09%. Fee […]

CW Bureau · May 2, 2026

BANKING & FINANCE RBL Bank Q4 Net Profit Surges 234% To ₹230 Cr On Retail, Deposit Growth

RBL Bank Ltd, a private sector lender, reported a 234% increase in its standalone net profit for March quarter at ₹230 crore compared with the year-ago period, driven by strong momentum in granular retail advances and sustained strengthening of its deposit franchise. Net interest income (NII) grew 7% to ₹1,671 crore, while net interest margin […]

CW Bureau · Apr 25, 2026

BANKING & FINANCE Union Bank Of India Reports 3.95% Rise In FY26 Net Profit At ₹18,697 Cr

Union Bank of India reported a 3.95% increase in net profit at ₹18,697 crore for the year ended March FY26, supported by improved asset quality and steady business growth. Interest income stood at ₹1,05,992 crore during the year. However, net interest income (NII) declined 1.49% to ₹36,659 crore, while net interest margin (NIM) contracted by […]

CW Bureau · Apr 23, 2026

BANKING & FINANCE Bank Of Maharashtra Reports 35% Rise In Q4 Net Profit At ₹2,014 Cr

Bank of Maharashtra has posted a 35% increase in its net profit for the March Quarter at ₹2,014 crore over the year ago period on improved asset quality and total business. Net Interest Income (NII) grew by 19% to ₹3,702 crore and net revenues improved by 13% from ₹4,097 crore. Net Interest Margin domestic stood […]

CW Bureau · Apr 20, 2026

BANKING & FINANCE Axis Max Life Insurance To Raise ₹389 Cr Via Preferential Issue To Axis Bank

Axis Max Life Insurance Ltd (formerly Max Life Insurance Co Ltd), a leading private insurer, has decided to raise ₹389 crore to support its future growth initiatives through a preferential issue of equity shares to Axis Bank. Accordingly, Axis Max Life will issue 2.51 crore equity shares of face value ₹10 each at a premium […]

CW Bureau · Apr 3, 2026