BANKING

"One of the big wins we had was with the department of post. This was a former customer of AGS, and when they shut down, the department decided to close their sites and relaunch," said Anush Raghavan, chief business officer, CMS, in an interaction with ET. "We helped evacuate the old ATMs, won the contract, and are now deploying 1,000 new machines across post office locations."

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BANKING

Data reveals a shift in insolvency case initiations, with operational creditors now trailing financial creditors for the first time since fiscal 2017, suggesting a growing preference for out-of-court settlements. While financial creditors initiated slightly more cases overall, operational creditors dominated resolutions for smaller defaults, indicating a strategic approach to debt recovery. Cumulatively, creditors recovered ₹3.96 lakh crore in resolved cases.

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BANKING

Spandana Sphoorty Financial faces a challenging recovery due to leadership changes and high employee turnover, impacting operational efficiency. Rating agencies have downgraded the microfinancier's debt instruments following significant losses and a sharp decline in assets under management. The company anticipates continued losses and pressure on performance despite recent capital infusion through a rights issue.

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BANKING

IndusInd Bank shareholders rejected a resolution allowing the Hinduja Group to appoint two nominee directors, with 54% voting against it. Despite prior approvals from the RBI and the bank's board, concerns raised by proxy advisors led to the proposal's defeat.

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BANKING

CMS Infosystems is aggressively expanding its AI-powered remote monitoring solutions, projecting AI to contribute 10% of revenues by FY27. Their HAWKAI platform monitors over 30,000 ATM sites, and the acquisition of Securens Systems will boost their coverage to 45,000 sites. CMS is investing heavily in AI and targeting growth in BFSI and new sectors.

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BANKING

RBI economists' study reveals a 6% decline in private sector project sanctions by banks and financial institutions in FY25, totaling Rs 3.67 lakh crore. Despite lower investment announcements and cautious optimism, greenfield projects dominate, signaling potential capacity expansion. Private sector capital expenditure is projected to rise 21% in FY26.

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BANKING

Sumitomo Mitsui Banking Corp or SMBC will invest sixteen thousand crore rupees in Yes Bank. The investment will be through equity and debt. This will strengthen Yes Bank's balance sheet. SMBC will also acquire a twenty percent stake in the bank from existing shareholders. The deal awaits regulatory approvals. This move is expected to improve Yes Bank's financial standing.

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