BANKING & FINANCE Bajaj Finserv To Invest ₹5,800 Cr In Bajaj Finance Convertible Warrants

Bajaj Finserv Ltd, the financial services arm of the Bajaj Group, has approved the subscription to warrants convertible into an equivalent number of equity shares of its subsidiary Bajaj Finance Ltd for an aggregate cash consideration of ₹5,800 crore. The subscription will be made through a preferential allotment on a private placement basis. Bajaj Finserv […]

CW Bureau · Oct 2, 2026

BANKING & FINANCE HDFC Bank Appoints ICICI Honcho Anup Bagchi As Its New MD & CEO

The Reserve Bank of India (RBI) has approved the appointment of Anup Bagchi as Managing Director & Chief Executive Officer of HDFC Bank for a three-year term with effect from October 27, 2026. Bagchi will succeed Shashidhar Jagdishan, who will complete his tenure as HDFC Bank’s MD & CEO at the close of business hours […]

CW Bureau · Oct 1, 2026

BANKING & FINANCE Kotak Mahindra Bank Appoints Anup Kumar Saha As Its New MD & CEO

Kotak Mahindra Bank Ltd has announced that the Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer (MD & CEO) for a three-year term effective January 1, 2027. The Board of Directors will initiate further steps to formalise the appointment and seek […]

CW Bureau · Oct 1, 2026

BANKING & FINANCE CPP Investments To Invest ₹3,000 Cr In Prestige Hospitality Ventures

Canada Pension Plan Investment Board (CPP Investments) has proposed to invest ₹3,000 crore (C$441 million) in Prestige Hospitality Ventures Ltd (PHVL), the hospitality platform of Prestige Estates Projects Ltd (Prestige Group). The investment will be made in three tranches through a combination of primary infusion and secondary purchase, subject to regulatory and lender approvals, including […]

CW Bureau · Sep 29, 2026

BANKING & FINANCE MCA Warns Public Against High-Return Promises By Nidhi Companies

The Ministry of Corporate Affairs (MCA) has advised the public to conduct a proper background check before making investment decisions involving Nidhi companies, particularly where unusually high returns are promised. The advisory follows the MCA’s examination of applications filed in Form NDH-4, during which it found that several Nidhi companies were not complying fully with […]

CW Bureau · Sep 24, 2026

BANKING & FINANCE Bank Of Baroda Incorporates Pension Fund Management Arm With ₹100 Cr

Public sector lender Bank of Baroda has incorporated a subsidiary, BOB Pension Fund Management Company Ltd, with an authorised share capital of ₹100 crore. The new entity has received its certificate of incorporation from the Registrar of Companies, Ministry of Corporate Affairs, and will operate as a pension fund manager. New company to manage pension […]

CW Bureau · Sep 21, 2026

BANKING & FINANCE Non-Life Insurance Premium Growth Rises To 10% In August: CareEdge

 Non-life insurance premiums grew 10.0% year-on-year to ₹27,455 crore in August 2026, sharply improving from 5.7% growth in July, as the drag from fire and crop insurance narrowed, according to CareEdge Ratings. The improvement took cumulative premium growth for April-August FY27 to 9.6%, up from 6.0% during the corresponding period a year earlier. Crop insurance […]

CW Bureau · Sep 19, 2026

BANKING & FINANCE Manipal Health Enterprises Redeems ₹5,310 Cr NCDs Using IPO Proceeds

Manipal Health Enterprises Ltd (Manipal Hospitals) has fully redeemed non-convertible debentures (NCDs) with a nominal value of ₹5,310 crore issued by its wholly owned subsidiary, Manipal Hospitals Private Ltd. The redemption was undertaken using the relevant portion of the IPO proceeds, in accordance with the objects of the Initial Public Offering disclosed in the prospectus […]

CW Bureau · Sep 18, 2026

BANKING & FINANCE Ujjivan SFB Launches New Brand Campaign With Actor R Madhavan

Ujjivan Small Finance Bank (Ujjivan SFB), which serves more than 1 crore customers through 800 branches across 26 states and Union territories, has launched a new brand campaign, ‘Nothing Small About Us’, featuring actor R Madhavan as its brand ambassador. The campaign seeks to address a customer perception that the word ‘Small’ in the bank’s […]

CW Bureau · Sep 18, 2026

BANKING & FINANCE UGRO Capital Raises ₹380 Cr From Dutch Bank FMO Through NCD Issue

UGRO Capital Ltd, an MSME-focused DataTech lending platform, has raised ₹380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable non-convertible debentures (NCDs) to FMO, the Dutch entrepreneurial development bank. This is FMO’s third investment in UGRO Capital in less than three years. It follows NCD investments of ₹250 crore in […]

CW Bureau · Sep 16, 2026

BANKING & FINANCE Hero Motors Raises ₹300 Cr From Anchor Investors Ahead Of IPO

Hero Motors Ltd has raised ₹300 crore from anchor investors ahead of its initial public offering (IPO), which opens for public subscription on September 16. The company informed the stock exchanges that it allocated 3,57,14,284 equity shares at ₹84 per share to anchor investors. Domestic institutions participate The anchor book saw participation from institutions including […]

CW Bureau · Sep 16, 2026

BANKING & FINANCE Muthoot Microfin Raises ₹250 Cr Via NCDs To Support Expansion Plans

Muthoot Microfin Ltd has raised ₹250 crore through the allotment of listed, rated, secured and redeemable Non-Convertible Debentures (NCDs) on a private placement basis, as the microfinance lender looks to strengthen its funding profile and support its growth plans. The NCDs will be listed on BSE Ltd. As part of the issue, the company allotted […]

CW Bureau · Sep 15, 2026