BANKING & FINANCE
Rate Status Quo To Benefit Exporters, Homebuyers And MSMEs: KVB CEO
The Reserve Bank of India’s decision to retain the repo rate at 5.25% and maintain a neutral policy stance will provide stability to borrowers, businesses and financial markets while preserving flexibility to respond to evolving global conditions, according to Karur Vysya Bank (KVB). Stable policy environment supports growth Commenting on the RBI’s latest monetary policy […]
CW Bureau
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Jun 6, 2026
BANKING & FINANCE
Credit Card Spending Growth Tapers To 7.1% In April Post Fiscal-End Surge
India’s credit card spending growth moderated in April 2026 following elevated spending activity during the March fiscal year-end period, even as digital payments and e-commerce transactions continued to support overall consumption trends. According to a CareEdge Ratings report, aggregate credit card spending rose 7.1% year-on-year to ₹1.98 lakh crore in April 2026. However, spending moderated […]
CW Bureau
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May 29, 2026
BANKING & FINANCE
PSBs Post Record ₹1.98 Lakh-Cr Profit In FY26; Bad Loans Hit Historic Lows
India’s public sector banks (PSBs) delivered another year of strong financial performance in FY2025-26, powered by robust credit growth, sharply improved asset quality and record profitability, underlining the sector’s growing strength in supporting the country’s expanding economy. The aggregate business of PSBs rose 12.8% year-on-year to ₹283.3 lakh crore as of March 31, 2026, driven […]
CW Bureau
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May 12, 2026
BANKING & FINANCE
YES Bank’s New MD & CEO Tonse Charts Four-Pillar Growth Strategy
YES Bank has announced that Vinay M Tonse has assumed charge as Managing Director & Chief Executive Officer, signalling the start of a new phase in the bank’s transformation journey. Four-pillar strategy for sustainable growth Under Tonse’s leadership, the bank will focus on four key strategic pillars : people, products, processes, and technology, to drive […]
CW Bureau
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Apr 6, 2026
BANKING & FINANCE
HDFC Bank Orders External Probe To Review Chakraborty’s Sudden Exit
In a crucial move to uphold its governance standards, the board of HDFC Bank, at its meeting on March 23, 2026, approved the appointment of external law firms, both domestic and international, to review the circumstances surrounding the resignation of Atanu Chakraborty. While the bank did not disclose the names of the firms, it confirmed […]
CW Bureau
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Mar 24, 2026
