BANKING & FINANCE RBI Approves Record ₹2.86 Lakh Cr Surplus Transfer To Central Govt

Reserve Bank of India (RBI) has approved the transfer of a surplus of ₹2,86,588.46 crore to the Central Government for the accounting year 2025-26, marking one of the highest-ever payouts by the central bank. The decision was taken during the 623rd meeting of the Central Board of Directors of the RBI held in Mumbai under […]

CW Bureau · May 22, 2026

BANKING & FINANCE Non-Metro Drives Motor Insurance Growth As EV Policies Surge 670%

India’s motor insurance market witnessed strong growth in FY26, led by rising adoption in non-metro cities and a sharp surge in electric vehicle (EV) insurance demand. According to a motor insurance trend analysis by Policybazaar, the car insurance market recorded an 8% year-on-year growth during FY26, while two-wheeler and commercial vehicle insurance segments grew by […]

CW Bureau · May 22, 2026

BANKING & FINANCE Sammaan Capital Targets ₹70,000 Cr AUM In FY27 After IHC Investment

Sammaan Capital Ltd, one of India’s leading non-banking financial companies (NBFCs), has set a target of achieving assets under management (AUM) of ₹70,000 crore in FY27, backed by annual disbursements of around ₹30,000 crore. The company had reported a total AUM of ₹53,160 crore as of March 2026. Strong balance sheet position The NBFC said […]

CW Bureau · May 22, 2026

BANKING & FINANCE Muthoot MCred Profit Jumps 223% In Q4, Income Rises 54% To ₹337 Cr

Muthoot MCred Ltd, formerly known as Muthoottu Mini Financiers Ltd, a gold loan non-banking financial company (NBFC), reported a 222.67% year-on-year rise in net profit for the fourth quarter of FY26 at ₹62.97 crore, compared to ₹19.52 crore in the corresponding quarter of the previous financial year. The company reported total income of ₹337.24 crore […]

CW Bureau · May 22, 2026

BANKING & FINANCE Repco Home Finance Q4 Profit Rises To ₹129 Cr; Asset Quality Improves

Repco Home Finance Ltd, a housing finance company focused on retail home loans, reported a standalone net profit of ₹129 crore for the March quarter, up ₹4 crore over the corresponding period last year on improved income and asset quality. Loan sanctions registered a 25% increase at ₹1,320 crore, while loan disbursements grew 22% to […]

CW Bureau · May 22, 2026

BANKING & FINANCE Muthoot Finance Targets 15% Growth In Assets Under Management In FY27

Muthoot Finance Ltd, India’s largest gold loan non-banking finance company, is targeting around 15% growth in assets under management (AUM) this year, supported by continued demand for household gold loans and expansion across subsidiaries. “For the last 10 years, we have been giving a guidance of 15% in first quarter. In the next two quarters, […]

CW Bureau · May 20, 2026

BANKING & FINANCE TSF Investments Posts 29% Jump In FY26 Consolidated Profit At ₹530 Cr

TSF Investments Ltd has reported a consolidated net profit of ₹530.21 crore for FY26, registering a growth of 28.66 per cent compared with ₹412.09 crore recorded in the previous financial year. The FY26 performance includes a gain of ₹40.99 crore arising from the fair valuation of previously held equity interest in Axles India Ltd following […]

CW Bureau · May 20, 2026

BANKING & FINANCE TVS Venu Group Set To Acquire 9.9% Stake In Jana Small Finance Bank

TVS Motor Company promoter group TVS Venu Group has agreed to acquire a minority stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase. The proposed transaction will give TVS Venu Group an equity ownership of up to 9.9% in Jana Small Finance Bank on a fully […]

CW Bureau · May 18, 2026

BANKING & FINANCE Prudential Redraws India Play With ₹3,500-Cr Bharti Life Acquisition

Asia-focused insurance giant Prudential plc is sharply repositioning its India strategy with a ₹3,500 crore acquisition of a controlling stake in Bharti Life Insurance Company Ltd,  signalling a deeper long-term commitment to one of the world’s fastest-growing insurance markets. The transaction will see Prudential acquire a 75% stake in Bharti Life from Bharti Life Ventures […]

CW Bureau · May 17, 2026

BANKING & FINANCE HDFC Life Announces Record Bonus Payout Of ₹4,596 Cr For Policyholders

HDFC Life has announced a bonus of ₹4,596 crore for participating policyholders, marking the highest bonus declaration in the company’s history. The bonus was approved at the company’s board meeting held on April 16, 2026, and will benefit around 22.2 lakh participating policyholders, underlining HDFC Life’s focus on long-term value creation and customer-centric growth. Majority […]

CW Bureau · May 15, 2026

BANKING & FINANCE LIC Housing Finance Q4 Profit Surges 9% To Rs 1,497 Cr, Revenue Stays Flat

LIC Housing Finance reported a 9% year-on-year rise in net profit at Rs 1,497.41 crore for the quarter ended March 31, 2026, compared with Rs 1,367.96 crore in the corresponding quarter last year. The company’s revenue from operations stood at Rs 7,194.34 crore during the quarter, as against Rs 7,281.17 crore a year ago, reflecting […]

CW Bureau · May 14, 2026

BANKING & FINANCE CreditAccess Grameen Chalks Out Its Next Phase, Eyes Household Finance

CreditAccess Grameen is working on a long-term strategy to evolve from a traditional microfinance lender into a full-spectrum household finance partner for rural and semi-urban India, according to Managing Director and Chief Executive Officer Ganesh Narayanan. Narayanan told analysts that the lender is strengthening customer acquisition through three channels, such as group-based sourcing, individual lending […]

CW Bureau · May 13, 2026