BANKING & FINANCE Govt Pushes Public Sector Banks To Prepare For Next Phase Of Growth

The first day of the two-day PSB Confluence 2026, organised by the Department of Financial Services (DFS), Ministry of Finance, brought together senior leadership of public sector banks (PSBs), public financial institutions (PFIs), government officials and domain experts to identify strategies for the next phase of India’s banking and financial sector growth. The Confluence is […]

CW Bureau · Aug 17, 2026

BANKING & FINANCE Indian Bank Sanctions ₹1,220-Cr Loan Across Retail, Agri And MSME Sectors

Leading public sector lender Indian Bank has distributed sanction letters aggregating ₹1,220 crore across the Retail, Agriculture and MSME sectors at a Mega Disbursement and Customer Outreach Camp held in Mumbai for the Maharashtra, Gujarat and Goa regions. The camp was organised as part of the bank’s 120th Foundation Day fortnight celebrations. Binod Kumar, MD […]

CW Bureau · Aug 13, 2026

BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026

STARTUP/TECHNOLOGY IITM, CAMS Deepen FinTech Ties To Drive AI, Digital Payment Research

Indian Institute of Technology Madras (IIT Madras) and Computer Age Management Services (CAMS) are expanding their collaboration under the CAMS IIT Madras FinTech Innovation Lab (CIFIL), with a focus on financial technology innovation, startup development, industry-driven research and professional education. The renewed partnership seeks to strengthen India’s rapidly evolving digital financial ecosystem by deepening industry-academia […]

CW Bureau · Aug 12, 2026

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 · Aug 11, 2026

BANKING & FINANCE TVS Capital-Backed Saarathi Finance Opens 100th Branch In Telangana

TVS Capital-backed Saarathi Finance, an MSME-focused NBFC, has opened its 100th branch in Jagtial, Telangana. The new branch will strengthen its presence across northern Telangana. The branch will provide customer-focused financial solutions to MSMEs, entrepreneurs and small business owners in the region. Saarathi Finance commenced operations in April 2025. Focus on MSME lending The NBFC […]

CW Bureau · Aug 10, 2026

STARTUP/TECHNOLOGY Paisalo Digital BC Channel Crosses $1 Bn In Total Gross Transaction Value

NBFC firm Paisalo Digital Ltd’s Business Correspondent (BC) channel has crossed $1 billion in cumulative gross transaction value (GTV), marking a key milestone in its distribution franchise and last-mile delivery capabilities. The milestone highlights the growing scale of Paisalo’s BC ecosystem and the increasing customer engagement across the channel. BC network expands The company has […]

CW Bureau · Aug 10, 2026

BANKING & FINANCE SBI Life Partners J&K Bank To Expand Insurance Reach In J&K, Ladakh

Leading private life insurer SBI Life Insurance has entered into a strategic corporate agency partnership with J&K Bank to offer its portfolio of life insurance products through the bank’s branch network. More than 1,000 J&K Bank branches will distribute SBI Life’s protection, savings, retirement and child insurance plans to customers across Jammu & Kashmir and […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE ESAF Bolsters Retail Banking Push With Emerging Household Portfolio

ESAF Small Finance Bank is sharpening its focus on the emerging household (EH) loans segment, positioning it as the next major growth driver as customers transition from financial inclusion to mainstream retail banking. The bank believes the segment, comprising individuals, self-help groups (SHGs), small entrepreneurs and farmer interest groups (FIGs), will evolve into one of […]

CW Bureau · Aug 7, 2026

GENERAL Eternal Facilitates Income Tax Refund Of ₹18 Cr For Delivery Partners

Eternal’s platforms, Zomato and Blinkit, have collectively facilitated income tax return (ITR) filing for more than one lakh delivery partners this year across 905 cities, helping expand financial inclusion among gig workers. With the filing deadline for gig workers still a month away on August 31, the initiative has already helped delivery partners secure income […]

CW Bureau · Aug 3, 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 PNB Strengthens Digital Lending, Bets On Shram Saathi And PM e-Svanidhi

Punjab National Bank is expanding financial inclusion through its digital lending initiatives, including PNB Shram Saathi and the PM e-Svanidhi Scheme, offering collateral-free loans to frontline workers and street vendors. Punjab National Bank (PNB) has reaffirmed its commitment to advancing financial inclusion through digital banking by expanding access to formal credit for frontline workers, community […]

CW Bureau · Jul 1, 2026