BANKING & FINANCE CSB Bank Enters Scale Phase of SBS 2030, Targets Diversified Growth

CSB Bank has entered the Scale Phase of its SBS 2030 strategy, with the lender planning to accelerate customer acquisition, strengthen its CASA franchise, diversify its loan portfolio and expand its geographic footprint, Managing Director and CEO Pralay Mondal said. Addressing shareholders at the bank’s 105th Annual General Meeting on Friday, Mondal said the commencement […]

CW Bureau · Aug 21, 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 Retail Deposits, Diversified Lending To Boost Bandhan Bank’s Growth: MD

Bandhan Bank has outlined a clear roadmap to strengthen its retail deposit franchise, expand its diversified loan portfolio, improve asset quality and accelerate technology-led transformation, as it pursues sustainable growth under its Bandhan Bank 2.0 strategy. In his message to shareholders in the bank’s Annual Report 2026, Managing Director and Chief Executive Officer Partha Pratim […]

CW Bureau · Jul 31, 2026

BANKING & FINANCE CSB Bank’s Diversification Strategy Eyes Balanced Loan Book By 2030

Private sector lender CSB Bank is accelerating its transformation into a diversified, pan-India bank by expanding its retail, wholesale and MSME portfolios, while gold loans will continue to remain a key pillar providing stability and liquidity. The Kerala-headquartered bank is  investing heavily in technology and distribution under its long-term SBS 2030 strategy. In his message […]

Sajan C Kumar · Jul 28, 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 · Jul 20, 2026

STARTUP/TECHNOLOGY Intellect Design Launches AI-First Suite To Power Global Credit Unions

Intellect Design Arena Ltd. has launched its AI-first Credit Union Solution Suite, a comprehensive enterprise banking platform designed specifically for credit unions and mutual institutions worldwide, as it strengthens its presence in the global financial technology market. The new solution integrates core banking, AI-powered lending and digital engagement into a single composable platform, enabling credit […]

CW Bureau · Jul 20, 2026

BANKING & FINANCE Axis Bank Q1 Profit Up 23% To ₹7,114 Cr On Strong Income, Asset Quality

Private sector lender Axis Bank reported a 23% year-on-year increase in net profit to ₹7,114 crore for the first quarter of FY27, driven by healthy growth in core income, improved operating efficiency and stable asset quality. The bank had posted a net profit of ₹5,806 crore in the corresponding quarter of the previous financial year. […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Indian Bank Confident Of Meeting FY27 Asset Quality Targets: MD

State-owned Indian Bank remains confident of achieving its FY27 asset quality and recovery targets, with Managing Director & CEO Binod Kumar indicating that the lender is on track to reduce gross non-performing assets (GNPA) to 1.50-1.60%, while maintaining balanced credit growth without sacrificing margins. Speaking during the bank’s Q1 FY27 earnings call, Kumar said Indian […]

CW Bureau · Jul 18, 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

BANKING & FINANCE RBI Approves Mahesh Muralidhar Pai As MD & CEO Of South Indian Bank

The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director & Chief Executive Officer of South Indian Bank for a period of three years, effective October 1, 2026. Pai, 50, brings nearly three decades of banking experience spanning governance, strategy, treasury, foreign exchange, retail banking, agriculture finance […]

CW Bureau · Jul 8, 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