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
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Aug 10, 2026
BANKING & FINANCE
IOB Welcomes RBI’s Status Quo, Says Move Supports Stable Credit Growth
Indian Overseas Bank (IOB) has welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain its neutral monetary policy stance, saying the move reflects confidence in the resilience of the Indian economy despite an uncertain global environment. The public sector lender said the central bank’s policy would help […]
CW Bureau
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Aug 5, 2026
BANKING & FINANCE
Indian Overseas Bank Q1 Profit Rises 49% To ₹1,659 Cr; Bad Loans Decline
State-owned Indian Overseas Bank (IOB) reported a robust 49.32% year-on-year rise in net profit to ₹1,659 crore for the first quarter ended June 30, 2026, driven by strong growth in net interest income, healthy credit expansion and a sharp improvement in asset quality. The Chennai-headquartered lender’s operating profit increased 14.21% to ₹2,693 crore, while net […]
CW Bureau
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Jul 20, 2026
AUTO
Raptee.HV Partners With IDFC FIRST Bank To Further Expand EV Funding
Electric motorcycle manufacturer Raptee.HV has partnered with IDFC FIRST Bank to make electric motorcycle ownership more accessible through enhanced financing solutions for customers across India. The collaboration aims to address one of the key challenges in electric vehicle adoption – affordable financing – by offering attractive loan terms, faster approvals, flexible repayment options and a […]
CW Bureau
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Jun 17, 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
RBI’s Policy Signals Focus On Stability Amid Global Uncertainties: IOB Chief
The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance reflects a balanced and prudent approach aimed at preserving macroeconomic stability amid an uncertain global environment, according to Indian Overseas Bank (IOB). Growth momentum remains resilient Commenting on the RBI’s latest monetary policy decision, Indian […]
CW Bureau
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Jun 6, 2026
BANKING & FINANCE
IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat
Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]
CW Bureau
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Jun 2, 2026
MANUFACTURING
Boardroom Churn Gathers Pace As India Inc Sheds ‘April Fool’s Day’ Tag
April may traditionally be associated with April Fools’ Day, but in corporate India, it is increasingly becoming a marker of serious boardroom shifts and strategic resets. As the new financial year begins, companies across sectors are rolling out leadership changes that signal far more than routine reshuffles From automobiles and aviation and banking to manufacturing […]
CW Bureau
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Apr 1, 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
