BANKING & FINANCE AU SFB Gets Shareholders’ Nod To Raise Borrowing Limit To ₹30,000 Cr

AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments. The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to […]

CW Bureau · Sep 6, 2026

BANKING & FINANCE J&K Bank Eyes National Expansion With Focus On Digital & Growth

Jammu & Kashmir Bank Ltd is focusing on quality credit growth, stable retail deposits, digital expansion and stronger risk management as it seeks to build a larger presence beyond its traditional markets in Jammu & Kashmir and Ladakh. The bank also plans to expand its branch network, improve customer service, maintain a healthy CASA ratio […]

CW Bureau · Aug 30, 2026

RETAIL/FMCG Veritas India Gets Nod To Sell UAE Assets Amid Strait Of Hormuz Shifts

Veritas (India) Ltd has obtained shareholder approval for the proposed sale and transfer of certain assets and liabilities of its UAE-based subsidiary Verasco FZE, as the changing commercial outlook around the Strait of Hormuz prompts a review of its overseas asset portfolio. The approval was obtained in January 2026 following a comprehensive assessment of the […]

CW Bureau · Aug 13, 2026

BANKING & FINANCE IDFC First Bank Regrets Fraud At Chandigarh, Vows Stronger Controls

IDFC First Bank has expressed regret over the recent misappropriation of funds of ₹590 crore at its Chandigarh branch and said it is determined to ensure that such an incident does not happen again. “The incident has reinforced in us the requirement to be more vigilant and never to be too sure of ourselves or […]

CW Bureau · Aug 9, 2026

BANKING & FINANCE Muthoot Capital Services Steps Up AI Adoption To Improve Efficiency

Muthoot Capital Services Ltd, a non-banking financial company (NBFC) focused on vehicle and consumer finance, is accelerating the use of artificial intelligence across its operations to improve efficiency, decision-making and customer experience. The company is deploying AI-led solutions across customer acquisition, credit underwriting, collections, customer service, audit, compliance and risk management, said CEO Mathews Markose […]

CW Bureau · Aug 8, 2026

BANKING & FINANCE Artificial Intelligence, Digitalisation To Drive SBI Card Next Phase Of Growth

SBI Cards and Payment Services Ltd. expects digitalisation, artificial intelligence and machine learning to play a bigger role in customer acquisition, risk management and fraud prevention as digital payments continue to reshape India’s financial ecosystem. “Digitalisation remains central to customers’ evolution towards greater participation in the formal economy,” said Chairman Challa Sreenivasulu Setty in a […]

CW Bureau · Aug 4, 2026

BANKING & FINANCE Northern Arc Capital Banks On Tech, Retail Lending And Risk Management

Northern Arc Capital is gearing up for its next phase of growth by deepening its technology-led credit ecosystem, expanding its direct-to-customer lending business and exploring new opportunities in digital distribution and wealth management. In his message to shareholders in the company’s Annual Report 2026, Managing Director & CEO Ashish Mehrotra said the company’s long-term strategy […]

CW Bureau · Jul 26, 2026

BANKING & FINANCE Cholamandalam Finance To Expand AI Use Across Business Operations

Cholamandalam Investment and Finance Company Ltd. (Chola) is exploring artificial intelligence (AI)-led interventions in its collections business and plans to extend the technology to sales and credit functions with a strong focus on governance and accountability. In his message to shareholders, Executive Chairman Vellayan Subbiah said technology continued to be a key enabler across customer […]

CW Bureau · Jul 7, 2026

BANKING & FINANCE Mahindra Finance Eyes Disciplined Growth, AI-Led Transformation

Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) will focus on disciplined growth, deeper customer relationships and a diversified lending franchise as it enters a “more deliberate phase of growth.” In his message to shareholders, Chairman Anish Shah said the company’s priority remains to strengthen its leadership in vehicle financing while gradually building a more […]

CW Bureau · Jun 26, 2026

BANKING & FINANCE IDBI Bank To Focus On Customer-Centric, AI-Driven Banking Model

Private sector lender IDBI Bank will continue its transition towards a trust-led and customer-driven banking model, with a strong focus on customer satisfaction, customised products and seamless banking experiences. The bank’s strategic direction will remain anchored around building a customer-focused banking franchise while deepening relationship engagement and enhancing service delivery across channels. Retail focus The […]

CW Bureau · Jun 25, 2026

STARTUP/TECHNOLOGY Krya Global Expands US Operations, Strengthens Leadership Team

Chennai-based Krya Global Solutions, a provider of background screening and verification services, has expanded its operations in the United States, strengthening its presence in one of the world’s largest workforce screening markets. The expansion includes the strengthening of its U.S. leadership team and enhancement of its service portfolio to help organisations address evolving hiring, compliance […]

CW Bureau · Jun 11, 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 · Jun 11, 2026