Category: Banking & Finance
BANKING & FINANCE CreditAccess Grameen Raises $175 Mn Through Syndicated Social Loan

CreditAccess Grameen Ltd, a microfinance institution focused on providing financial services to women in rural India, has secured a $175 million syndicated social loan facility through the external commercial borrowing (ECB) route under the Reserve Bank of India’s automatic route. The transaction attracted 10 financial institutions from Asia, the Middle East and Africa, with the […]

CW Bureau · Oct 12, 2026
BANKING & FINANCE RBI Opens Special Dollar Window For IOC, BPCL And HPCL From October 12

The Reserve Bank of India (RBI) has opened a special foreign exchange window to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), effective October 12, 2026, in a move that will provide a dedicated channel for their dollar purchases. The facility will cover Indian Oil Corporation Limited (IOCL), […]

CW Bureau · Oct 10, 2026
BANKING & FINANCE ICICI Pru MF Launches Nifty Pharma ETF As India Eyes $80-Bn Market

ICICI Prudential Asset Management Company has launched the ICICI Prudential Nifty Pharma ETF, an open-ended exchange-traded fund (ETF) tracking the Nifty Pharma Index, as India’s pharmaceutical industry positions itself for growth in complex generics, specialty medicines and contract manufacturing. The latest addition to the fund house’s sectoral ETF portfolio is designed to provide investors with […]

CW Bureau · Oct 10, 2026
BANKING & FINANCE Domestic Bank Credit Growth Seen At 14.5-15.5% This Fiscal: Crisil Ratings

Domestic bank credit growth is expected to remain healthy at 14.5-15.5% this fiscal, marginally higher than last fiscal, with retail and MSME lending, along with a shift by corporates towards bank funding, likely to drive expansion, according to Crisil Ratings. The rating agency said continued corporate preference for bank loans over market borrowings, supported by […]

CW Bureau · Oct 8, 2026
BANKING & FINANCE RBI Repo Rate Hike Is A Measured, Pre-Emptive Step: IOB MD & CEO

The Reserve Bank of India’s decision to raise the repo rate by 25 basis points to 5.50% is a measured and pre-emptive step aimed at containing inflationary pressures, Indian Overseas Bank Managing Director & CEO Ajay Kumar Srivastava said. The Monetary Policy Committee’s decision comes against the backdrop of rising risks to the inflation outlook, […]

CW Bureau · Oct 7, 2026
BANKING & FINANCE RBI Ups Repo Rate 25 Bps To 5.50%, Shifts To Calibrated Tightening Mode

The Reserve Bank of India (RBI) has raised the policy repo rate by 25 basis points to 5.50%, citing rising inflation risks even as the Indian economy continues to maintain strong and broad-based growth momentum. The Monetary Policy Committee (MPC) unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by […]

CW Bureau · Oct 7, 2026
BANKING & FINANCE ASK Investment Managers To Acquire SageOne Investment Managers

ASK Investment Managers (ASK IM) has entered into definitive agreements to acquire SageOne Investment Managers, an asset manager operating across portfolio management services (PMS) and alternative investment funds (AIF), strengthening its equity investment capabilities. SageOne Founder and Chief Investment Officer Samit Vartak will reinvest in ASK and continue as Chief Investment Officer (Equities) of the […]

CW Bureau · Oct 5, 2026
BANKING & FINANCE RBI Flags Five Priorities To Safeguard Financial Stability As Risks Emerge

The Reserve Bank of India (RBI) has identified five priorities for policymakers to strengthen financial stability as the global financial system faces increasingly interconnected and cross-border risks. Speaking at the Fifth Kautilya Economic Conclave in a special address on preserving financial stability in an evolving world, RBI Governor Sanjay Malhotra said financial stability was not […]

CW Bureau · Oct 3, 2026
BANKING & FINANCE NABKISAN Raises ₹180 Cr Via India’s First WASH-Focused Social Bond

NABKISAN Finance Ltd, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD), has raised ₹180 crore through India’s first social bond dedicated exclusively to the water, sanitation and hygiene (WASH) sector. The bond was listed on the National Stock Exchange (NSE), Mumbai, on October 1, 2026, after the issue received strong investor […]

CW Bureau · Oct 3, 2026
BANKING & FINANCE IBC’s Next Test: Faster Resolutions Coupled With Higher Value Recovery

Ten years after the Insolvency and Bankruptcy Code (IBC) came into force, its biggest impact on Indian business may be less about the companies that have gone through insolvency and more about the behaviour it has changed before they reach the insolvency court. The IBC has created a time-bound framework in which lenders can take […]

Sajan C Kumar · Oct 2, 2026
BANKING & FINANCE ESAF Deposits Jump 24% To ₹28,466 Cr In Sept, Advances Hit ₹23,931 Cr

ESAF Small Finance Bank reported a 24.34% year-on-year increase in total deposits to ₹28,466 crore as of September 30, 2026, while gross advances rose 25.05% to ₹23,931 crore. The bank’s total business, including IBPC (Inter-Bank Participation Certificates), increased to ₹53,447 crore as of September 30, 2026, from ₹42,031 crore a year earlier, representing growth of […]

CW Bureau · Oct 2, 2026