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Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
ADB Sees India As Biggest Private Sector Market; Targets $1 Billion Direct Support in 2026
Last month, ADB and Standard Chartered Bank signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering both US dollar and rupee transactions.
Areion seeks RBI approval for Rs 936 crore Aviom takeover
Areion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, is undergoing rigorous review. The RBI will closely examine the source of funds and Areion Group's governance. This assessment ensures the acquisition is backed by legitimate capital.
Areion seeks RBI approval for Rs 936 crore Aviom takeover
Areion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, is undergoing rigorous review. The RBI will closely examine the source of funds and Areion Group's governance. This assessment ensures the acquisition is backed by legitimate capital.
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy
Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.
ESAF Small Finance Bank's total business crosses Rs 50,000 cr
ESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,197 crore and advances stood at Rs 23,832 crore. The bank also reported a net profit of Rs 24 crore for the fourth quarter ended March 2026. Asset quality improved with lower NPAs.
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,... - Moneycontrol.com
Trade Spotlight: How should you trade Union Bank of India, LIC Housing Finance, Bank of Maharashtra,...Moneycontrol.com
Chola Securities' Dharmesh Kant sees BFSI earnings revival; likes IndusInd Bank, Axis Bank
Despite recent market volatility, Dharmesh Kant, Head Research at Chola Securities, believes investors should focus on bottom-up stock picking. He expects the banking and financial sector to emerge as a key earnings driver as stable interest rates support margins and treasury income. Among his preferred ideas are Aurionpro Solutions, Tata Technologies, IndusInd Bank, Axis Bank, Bank of India and Aadhar Housing Finance. He also remains positive on the long-term growth prospects of exchanges, AMCs and other capital market plays. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Central Bank of India appoints Vivek Kumar as CFO
Central Bank of India has appointed Vivek Kumar, General Manager (Finance & Accounts), as the chief financial officer (CFO) of the bank for a period of three years with effect from 3 June 2026.
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
Mcap of 6 most valued firms surges by ₹74,111 cr, Reliance biggest winner
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 ...
SC seeks Cabinet records in Rs 8,415-crore Yes Bank AT-1 bond write-off case
The Supreme Court on Wednesday pulled up the Finance Ministry over the 2023 write-off of Yes Bank’s Rs 8,415 crore AT-1 bonds and asked Solicitor General Tushar Mehta to produce Cabinet meeting records, quorum details and related documents by 3 PM.