BANKING & FINANCE Arka Raises ₹525 Cr From TPG’s Rise Funds For Retail Lending Expansion

Arka Fincap Ltd, a Kirloskar-backed non-banking financial company (NBFC), has signed definitive agreements with The Rise Funds, TPG’s multi-sector global impact investing strategy, for a strategic investment to accelerate its growth and retail lending transformation. The investment comprises an initial infusion of ₹525 crore, with the potential for a further ₹275 crore through a subsequent […]

CW Bureau · Nov 7, 2026

BANKING & FINANCE DLF To Invest ₹3,750 Cr In Pact With Everstone For IREO Assets In India

DLF Ltd, one of India’s leading real estate developers, has entered into a binding and exclusive term sheet with Singapore-headquartered global investment manager Everstone Group to form a joint venture to invest in IREO Private Ltd and other group companies in India. Under the proposed arrangement, DLF intends to invest approximately ₹3,750 crore for a […]

CW Bureau · Nov 6, 2026

BANKING & FINANCE Ravindra Energy Secures ₹100 Cr Tata Capital Loan For E-Mobility Business

Ravindra Energy Ltd, an energy transition company operating in renewable energy and electric mobility, has executed a loan agreement with Tata Capital Ltd for a rupee term loan facility of up to ₹100 crore. The facility carries a floating interest rate of 12.75% per annum, payable monthly. The funds will be infused as unsecured loans […]

CW Bureau · Nov 6, 2026

BANKING & FINANCE IIFL Home Finance Appoints Sharad Kumar As Its New Chief Risk Officer

IIFL Home Finance Ltd, an affordable housing finance company, has appointed Sharad Kumar as its Chief Risk Officer (CRO), strengthening its risk management and governance functions. Kumar brings more than 22 years of experience across risk management, banking, financial services, strategic planning and economic research. In his new role, he will focus on strengthening the […]

CW Bureau · Nov 5, 2026

BANKING & FINANCE Sundaram Finance Chairman S Viji Resigns; R Venkatraman Succeeds

Sundaram Finance Ltd, a leading Non-Banking Financial Company, has announced that S Viji has relinquished his position as Non-Executive Director and Chairman of the Board with effect from November 4, 2026, citing age and personal considerations. The Board has elected Independent Director R Venkatraman as the new Chairman. Viji served on the company’s Board for […]

CW Bureau · Nov 5, 2026

BANKING & FINANCE Brigade Group Partners IFC To Invest In Middle-Income Housing Projects

Brigade Enterprises Ltd has entered into an Investment Framework Agreement with the International Finance Corporation (IFC) to jointly invest in eligible middle-income housing projects. Under the arrangement, Venusta Ventures Pvt Ltd, a wholly owned subsidiary of Brigade Enterprises, proposes to issue unsecured, rated, redeemable, rupee-denominated non-convertible debentures (NCDs) to IFC in one or more tranches. […]

CW Bureau · Nov 5, 2026

BANKING & FINANCE CCI Approves Kotak Mahindra Bank’s Buy Of Deutsche Bank’s R&W Bizz

The Competition Commission of India (CCI) has approved Kotak Mahindra Bank Ltd’s proposed acquisition of Deutsche Bank Aktiengesellschaft’s retail banking, private banking and wealth management business in India. The transaction involves the acquisition of the identified business, operated through Deutsche Bank’s branches in India, as a going concern on a slump sale basis. Deal includes […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE RBI Sets Up Tech Panel For Financial Markets To Boost Market Efficiency

The Reserve Bank of India (RBI) has constituted a Technical Consultative Committee for Financial Markets (TCCFM) to facilitate structured engagement with market participants and stakeholders on policy and operational issues amid the rapid evolution of financial markets and infrastructure. The move follows the announcement made in the RBI’s Statement on Developmental and Regulatory Policies dated […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE Saarathi Finance Appoints Alok Aggarwal As President & Group Head

Saarathi Finance, a non-banking financial company (NBFC) focused on expanding credit access for emerging business segments, particularly micro, small and medium enterprises (MSMEs), has appointed Alok Aggarwal as President and Group Head. Aggarwal brings more than 25 years of experience across banking, housing finance and retail lending. He has a track record of building and […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE Equitas Small Finance Bank Appoints Balaji Nuthalapadi As Interim CEO

Equitas Small Finance Bank Ltd has approved the appointment of Balaji Nuthalapadi, currently its Whole-Time Director and Executive Director, as Interim Chief Executive Officer, subject to approval from the Reserve Bank of India (RBI). His appointment will take effect from the date of RBI approval or such other date as may be stipulated by the […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE Neo Raises ₹6,200 Cr Via Second Special Credit Fund, Exceeds Target

Neo Wealth and Asset Management’s alternative investment arm, Neo Alternative Asset Managers (NAAM), has raised ₹6,200 crore through its second Special Credit Opportunities strategy, exceeding its initial fundraising target of ₹5,000 crore by 24%. The fundraise marks a significant expansion of Neo’s private credit business, with the final close of Neo Special Credit Opportunities Fund-II […]

CW Bureau · Nov 3, 2026

BANKING & FINANCE TVS Holdings Pumps ₹484 Cr Into Home Credit, Raises Stake To 74.45%

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, has increased its stake in Home Credit India Finance Pvt Ltd (HCIFPL) to 74.45% following an additional investment of ₹483.91 crore through a rights issue. The company was allotted 12,55,26,842 equity shares of ₹10 each at an issue price of ₹38.55 a share. Investment supports growth plans […]

CW Bureau · Nov 2, 2026