BANKING & FINANCE Govt Rolls Out Modified Scheme To Boost Credit Flow To Microfinance

In a move aimed at revitalising the microfinance ecosystem, the Indian government  has launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), a revamped initiative designed to unlock up to ₹20,000 crore in credit flow to the sector. The scheme, operationalised through the National Credit Guarantee Trustee Company Limited (NCGTC), will provide guarantee cover to […]

CW Bureau · Mar 22, 2026

BANKING & FINANCE Kotak Mahindra Capital Sells 30.99% Infina Finance Stake For ₹1,294 Cr

Kotak Mahindra Capital Company Ltd (KMCC), a wholly owned subsidiary of Kotak Mahindra Bank Ltd, is divesting a 30.99% stake in Infina Finance Pvt Ltd for ₹1,294 crore, as it looks to pare non-core holdings and free up capital. Stake sale details The transaction, disclosed in a regulatory filing, involves multiple buyers. KMCC will sell […]

CW Bureau · Mar 22, 2026

BANKING & FINANCE HDFC Bank Reassures Stakeholders, Rules Out Governance Concerns

In the wake of the resignation of its part-time chairman, Atanu Chakraborty, HDFC Bank has moved swiftly to reassure investors, analysts and stakeholders, asserting that there are no material governance or operational concerns behind the development. Terming the incident unfortunate, the bank’s management claimed that there were no internal conflicts or power struggles, describing both […]

Sajan C Kumar · Mar 20, 2026

BANKING & FINANCE BHIM Ropes In MS Dhoni To Power Next Phase Of Payments Growth

NPCI BHIM Services Ltd (NBSL) has announced the appointment of former Indian cricket captain Mahendra Singh Dhoni as the brand ambassador for the BHIM payments App. The move aligns with BHIM’s evolving strategy to strengthen user trust while accelerating adoption across urban and rural India. BHIM is entering a new growth phase focused on scale, […]

CW Bureau · Mar 19, 2026

BANKING & FINANCE HDFC Bank Chief Atanu Chakraborty Resigns, Citing Ethic Concerns

HDFC Bank Ltd on Thursday said its part-time Chairman and Independent Director Atanu Chakraborty has resigned with immediate effect. In his resignation letter, Chakraborty cited concerns over certain developments within the bank. “Certain happenings and practices within the bank that I observed over the last two years were not in congruence with my personal values […]

CW Bureau · Mar 19, 2026

BANKING & FINANCE Non-Life Insurance Premium Growth Moderates To 9.7% In February

India’s non-life insurance industry reported a moderation in premium growth in February 2026, even as strong traction in the health segment and other lines continued to support overall expansion. Gross premiums for the sector stood at Rs 23,853.8 crore in February 2026, registering a year-on-year (y-o-y) growth of 9.7%, lower than the 14.9% growth recorded […]

CW Bureau · Mar 18, 2026

BANKING & FINANCE SBI Raises ₹6,051-Cr Via Tier-2 Bonds at 7.05% Coupon Rate

State Bank of India (SBI) has raised ₹6,051 crore through its second Basel III-compliant Tier 2 bond issuance in the current financial year, at a coupon rate of 7.05%. The bonds carry a tenor of 10 years, with a call option after five years and on every anniversary thereafter. The issue has been rated AAA […]

CW Bureau · Mar 18, 2026

BANKING & FINANCE Navi Enters Motor Insurance With Digi-First, Zero-Commission Service

Digital-first financial services company Navi has forayed into the motor insurance segment with the launch of a fully digital, zero-commission product, marking a significant expansion of its insurance portfolio and reinforcing its focus on customer-first financial solutions. Fully Digital, App-Led Insurance Experience With this launch, Navi General Insurance Ltd aims to simplify the purchase and […]

CW Bureau · Mar 17, 2026

BANKING & FINANCE Jio Payments Bank Introduces UPI-Based Cash Withdrawal Service

Jio Payments Bank Ltd (JPBL), a wholly-owned subsidiary of Jio Financial Services Ltd, has introduced a UPI-based cash withdrawal facility, enabling customers to access cash seamlessly through its business correspondent (BC) network. Bridging Digital Payments And Cash Access The newly launched feature allows users, particularly in rural and semi-urban areas, to withdraw cash by simply […]

CW Bureau · Mar 17, 2026

BANKING & FINANCE IOB Outlines Key Growth Strategies To Boost Overall Operating Outcome

Indian Overseas Bank (IOB) has outlined a set of key growth strategies aimed at improving overall operating performance as part of its ongoing non-deal roadshows with investors. The public sector lender said it plans to strengthen its existing business franchise while leveraging digital technology capabilities and the experience of its leadership team to drive the […]

CW Bureau · Mar 17, 2026

BANKING & FINANCE DWS To Buy 40% Stake In Nippon Life India AIF Management For ₹733 Cr

DWS Group GmbH & Co. KGaA, the German asset management firm, will acquire a 40% stake in Nippon Life India AIF Management Ltd (NAIF) for ₹733 crore through a preferential allotment of shares. NAIF will issue 3.40 lakh equity shares to DWS as part of the transaction. Following the allotment, NAIF will cease to be […]

CW Bureau · Mar 15, 2026

BANKING & FINANCE CreditAccess Advances Inclusive Growth With $75-Mn Loan Facility

CreditAccess Grameen, the non-banking financial company-micro finance institution (NBFCMFI), has signed a syndicated social loan facility of $75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). HSBC acted as the sole mandated lead arranger and bookrunner for the social loan fund raise, securing participations from HSBC (Gift […]

CW Bureau · Mar 10, 2026