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
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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
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Jul 8, 2026
BANKING & FINANCE
Ujjivan Eyes Universal Bank Status With Digital, Diversified Growth
Ujjivan Small Finance Bank Ltd is focused on building a diversified, technology-enabled and customer-centric institution as it advances towards its long-term aspiration of becoming a universal bank. “As we look ahead, our ambition extends beyond growth in scale,” Ujjivan Small Finance Bank Chairman B.A. Prabhakar said in his letter to shareholders. Growth priorities He said […]
CW Bureau
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Jun 30, 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
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Jun 11, 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
STARTUP/TECHNOLOGY
Clayfin Acquires Louie Voice, Set To Expand AI Voice Banking Capabilities
Clayfin Technologies, a Chennai-based provider of digital banking and customer experience solutions for financial institutions, has acquired Louie Voice, a voice banking platform focused on making digital banking more accessible and inclusive through artificial intelligence-driven voice interactions for undisclosed sum. The acquisition is expected to strengthen Clayfin’s capabilities in AI-led digital engagement and voice banking, […]
CW Bureau
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Jun 1, 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
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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
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May 23, 2026
BANKING & FINANCE
IOB Outlines Key Growth Strategies To Boost Overall Operating Outcome
Indian Overseas Bank (IOB) has outlined a set of key growth strategies aimed at improving overall operating performance as part of its ongoing non-deal roadshows with investors. The public sector lender said it plans to strengthen its existing business franchise while leveraging digital technology capabilities and the experience of its leadership team to drive the […]
CW Bureau
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Mar 17, 2026
