BANKING & FINANCE Northern Arc Capital Banks On Tech, Retail Lending And Risk Management

Northern Arc Capital is gearing up for its next phase of growth by deepening its technology-led credit ecosystem, expanding its direct-to-customer lending business and exploring new opportunities in digital distribution and wealth management. In his message to shareholders in the company’s Annual Report 2026, Managing Director & CEO Ashish Mehrotra said the company’s long-term strategy […]

CW Bureau · Jul 26, 2026

BANKING & FINANCE Five-Star Business Finance Q1 Profit At ₹271 Cr; Posts High Disbursements

Chennai-based non-banking finance company (NBFC) Five-Star Business Finance Ltd reported a 2% year-on-year increase in net profit to ₹271 crore for the first quarter ended June 30, 2026, compared with ₹266 crore in the corresponding quarter of the previous fiscal. The company’s Net Interest Margin (NIM) remained largely stable at 19.97%, marginally lower than 19.99% […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE IDFC FIRST Bank Q1 Profit Rises 132% To Record ₹1,075 Cr, Bad Loans Drop

IDFC FIRST Bank delivered its strongest quarterly performance to date, reporting a record profit after tax (PAT) of ₹1,075 crore for the first quarter of FY27, more than doubling from ₹463 crore in the corresponding quarter last year, driven by improved margins, healthier asset quality and robust business growth. The bank’s net interest margin (NIM) […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE YES Bank Charts Growth Around ‘One Team, One Vision, One YES BANK’

YES Bank will leverage its partnership with Sumitomo Mitsui Banking Corporation (SMBC), strengthen governance and accelerate retail growth as it pursues its ambition of becoming one of India’s most trusted private sector banks. The private sector bank will focus on customer trust, technology, people and governance while building a unified banking franchise under its “One […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE Shriram Finance Q1 Profit Zooms 60% As Lending Momentum Stays Strong

Shriram Finance Ltd has reported around 60% year-on-year jump in its standalone net profit in the June quarter, driven by strong growth in lending, higher net interest income and expansion of its loan portfolio. The non-banking financial company (NBFC) posted a profit after tax (PAT) of ₹3,444.56 crore for the first quarter ended June 30, […]

CW Bureau · Jul 24, 2026

BANKING & FINANCE Karur Vysya Bank Targets NRI, SME Growth; Sees Margin Pressure Ahead

Karur Vysya Bank (KVB) is stepping up its focus on NRI deposits and small business lending while preparing for pressure on lending yields as competition for quality borrowers intensifies. Speaking during the bank’s post-earnings conference call, Managing Director & CEO B. Ramesh Babu said the lender has begun seeing traction in customised lending products and […]

Sajan C Kumar · Jul 24, 2026

BANKING & FINANCE Cholamandalam Investment Aims To Become Leading Financial Institution

Cholamandalam Financial Holdings Ltd (CFHL), the Core Investment Company of  the Murugappa Group said its financial services arm Cholamandalam Investment and Finance Company Ltd (Chola) is making steady progress towards its long-term goal of emerging as a leading financial institution. The company said investments in technology, product expansion and customer engagement continue to support sustainable […]

CW Bureau · Jul 23, 2026

BANKING & FINANCE Manba Finance Launches Battery Replacement Loans For E3Ws

Manba Finance Ltd, a non-banking financial company (NBFC) focused on vehicle financing, has launched a Battery Replacement Financing product to provide loans for purchasing new lithium-ion batteries for electric three-wheelers, including e-rickshaws and e-carts. The company said the new offering will enable customers to replace batteries when required through affordable, small-ticket, short-tenure loans, helping them […]

CW Bureau · Jul 22, 2026

BANKING & FINANCE SBI Funds Makes Stock Market Debut After IPO Subscribed 41.66 Times

SBI Funds Management Ltd (SBI Funds), India’s largest asset management company, on Tuesday made its stock market debut with the listing of its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a significant milestone in its nearly four-decade journey. The listing follows the company’s highly successful Initial Public […]

CW Bureau · Jul 21, 2026

BANKING & FINANCE Cholamandalam Investment To Get ₹1,425-Cr IFC Fund For CV Financing

The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has proposed an investment of up to ₹1,425 crore (around $150 million) in securitised assets of Cholamandalam Investment and Finance Company Ltd (Chola) to expand credit access for micro, small and medium enterprises (MSMEs), particularly in rural and semi-urban India. […]

CW Bureau · Jul 21, 2026

BANKING & FINANCE Manappuram Finance To Deepen Gold Loan leadership, Revive Microfinance

Manappuram Finance Ltd will focus on strengthening its leadership in the gold loan business, scaling up secured lending businesses and restoring the growth trajectory of its microfinance arm, while accelerating digital transformation, Chairman and Managing Director V P Nandakumar said in his message to shareholders in the company’s Annual Report 2026. The NBFC also sees […]

Sajan C Kumar · Jul 21, 2026

BANKING & FINANCE City Union Bank Steps Up Investments In Cybersecurity & AI

Private sector lender City Union Bank Ltd is accelerating investments in cybersecurity, digital banking and artificial intelligence as part of its strategy to strengthen customer protection and enhance banking services. The bank said it is continuing to invest aggressively in cybersecurity to ensure customers remain protected against evolving digital threats while building a technology-driven banking […]

CW Bureau · Jul 20, 2026