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
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Jul 20, 2026
BANKING & FINANCE
RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]
CW Bureau
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Jun 20, 2026
BANKING & FINANCE
UCO Bank Q4 Net Profit Rises 23% to ₹801 Cr On Improved Asset Quality
Public sector lender UCO Bank reported a 22.66% increase in net profit at ₹801 crore for the March quarter, aided by continued improvement in asset quality. Net interest income contracted by 3.11% to ₹2,614 crore. Global Net Interest Margin (NIM) improved 1 bps to 3%, while domestic NIM fell 3 bps to 3.19%. Fee-based income […]
CW Bureau
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Apr 26, 2026
BANKING & FINANCE
Union Bank Of India Reports 3.95% Rise In FY26 Net Profit At ₹18,697 Cr
Union Bank of India reported a 3.95% increase in net profit at ₹18,697 crore for the year ended March FY26, supported by improved asset quality and steady business growth. Interest income stood at ₹1,05,992 crore during the year. However, net interest income (NII) declined 1.49% to ₹36,659 crore, while net interest margin (NIM) contracted by […]
CW Bureau
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Apr 23, 2026
BANKING & FINANCE
Five-Star Business Finance In Final Phase Of Asset Quality Restoration
Five-Star Business Finance is in the final leg of resolving its asset quality challenges and behavioural stress in its loan book, with management indicating that growth acceleration will follow once the clean-up is fully stabilised, Chairman and Managing Director Lakshmipathy Deenadayalan said during the company’s Q3 conference call with analysts. The lender, which has been […]
CW Bureau
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Feb 4, 2026
