BANKING & FINANCE TVS Capital-Backed Saarathi Finance Opens 100th Branch In Telangana

TVS Capital-backed Saarathi Finance, an MSME-focused NBFC, has opened its 100th branch in Jagtial, Telangana. The new branch will strengthen its presence across northern Telangana. The branch will provide customer-focused financial solutions to MSMEs, entrepreneurs and small business owners in the region. Saarathi Finance commenced operations in April 2025. Focus on MSME lending The NBFC […]

CW Bureau · Aug 10, 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 Microfinance Sector Turns Corner, MFI AUM Seen Growing 15% In FY27

India’s microfinance sector is showing signs of recovery after navigating one of its most challenging periods in recent years, with improving disbursements, stabilising asset quality and a return to sequential portfolio growth signalling a gradual turnaround, according to CareEdge Ratings. Industry disbursements rose to nearly ₹77,500 crore in Q4FY26, the highest level in eight quarters, […]

CW Bureau · Aug 8, 2026

BANKING & FINANCE Muthoot Finance Sets FY27 Priorities On Gold Loans, Diversification

Muthoot Finance Ltd, one of India’s leading gold financing companies, will focus on deepening its gold loan franchise while scaling non-gold lending businesses in FY27, with asset quality and capital adequacy remaining key priorities. “We will deepen the gold loan franchise and continue to acquire customers at pace. We will scale our non-gold lending lines, […]

CW Bureau · Aug 8, 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 SBI Life Partners J&K Bank To Expand Insurance Reach In J&K, Ladakh

Leading private life insurer SBI Life Insurance has entered into a strategic corporate agency partnership with J&K Bank to offer its portfolio of life insurance products through the bank’s branch network. More than 1,000 J&K Bank branches will distribute SBI Life’s protection, savings, retirement and child insurance plans to customers across Jammu & Kashmir and […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE No More Harassment: RBI’s Tough Rules For Banks, Recovery Agents

The Reserve Bank of India (RBI) has issued a comprehensive set of directions to regulate the conduct of banks and their recovery agents, prohibiting coercive and abusive recovery practices while strengthening safeguards for borrowers. The new directions bar bank employees and recovery agents from using intimidation, harassment or public humiliation during loan recovery, and require […]

Sajan C Kumar · Aug 7, 2026

BANKING & FINANCE SBI Q1 Profit Rises 10% To ₹21,121Cr; Advances Cross ₹50 Lakh-Cr Mark

State Bank of India (SBI), the country’s largest lender, reported a 10.23% year-on-year increase in net profit to ₹21,121 crore for the first quarter ended June 30, 2026, driven by healthy growth in net interest income, advances and improved asset quality. The bank’s operating profit rose 9.77% to ₹33,529 crore, while net interest income (NII) […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE ESAF Bolsters Retail Banking Push With Emerging Household Portfolio

ESAF Small Finance Bank is sharpening its focus on the emerging household (EH) loans segment, positioning it as the next major growth driver as customers transition from financial inclusion to mainstream retail banking. The bank believes the segment, comprising individuals, self-help groups (SHGs), small entrepreneurs and farmer interest groups (FIGs), will evolve into one of […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE KVB Picks Up 16.4% Stake In Sahayya Finserve To Scale Up Retail Lending

As part of its strategy to build new growth engines, Karur Vysya Bank (KVB) has invested ₹29.68 crore in Sahayya Finserve Pvt Ltd, an RBI-registered non-banking financial company (NBFC) engaged in affordable housing finance and loan-against-property financing. The investment gives the bank a 16.4% equity stake in the NBFC and is expected to strengthen KVB’s […]

CW Bureau · Aug 6, 2026

BANKING & FINANCE IndusInd Bank Charts Three-Year Growth Plan, Target 1% RoA Exit

Private sector lender IndusInd Bank has outlined a three-year transformation roadmap aimed at strengthening its franchise, accelerating growth and building leadership across key business segments. The strategy begins with restoring the bank to industry-aligned growth and achieving an exit Return on Assets (RoA) of 1% in FY27, before focusing on scaling operations in the second […]

CW Bureau · Aug 6, 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 · Aug 5, 2026