BANKING & FINANCE Hyundai Capital Services Set To Start Financial Operations In India

Hyundai Capital Services is commencing financial operations in India, one of the world’s three largest automotive markets, marking the company’s entry into the country’s vehicle financing sector. Hyundai Capital India (HCIN) is the company’s 14th financial entity and an independent, stand-alone entity fully owned and operated by Hyundai Capital Services. From consulting to financial services […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Wheels India Revises Preferential Issue Price To ₹1,461 Per Share

Wheels India Ltd, a leading manufacturer of wheels and automotive components, has revised the issue price of its proposed preferential share issue to the promoter group to ₹1,461 a share from ₹1,418 per shre, while reducing the total number of shares to 12.32 lakh. The revision follows observations raised by the National Stock Exchange of […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Muthoot Finance To Merge Wholly Owned Subsidiary Muthoot Money

Muthoot Finance Ltd has approved a scheme of amalgamation with its wholly owned subsidiary Muthoot Money Ltd (MML), as part of a group-wide consolidation exercise. MML is a non-deposit taking NBFC classified under the middle layer, while Muthoot Finance is an upper-layer NBFC. Both companies are primarily engaged in the gold loan business. Scheme requires […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Karur Vysya Bank Opens 16 Branches In A Single Day, Network Reaches 919

Karur Vysya Bank (KVB) has expanded its physical banking footprint with the inauguration of 16 new branches in a single day, taking its branch network to 919 across India. The expansion strengthens the private sector lender’s presence across key markets in southern India and the Delhi NCR region, with the new branches spread across Tamil […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Piramal Finance Raises ₹2,100 Cr Via QIP As Investors Back Retail Growth

Piramal Finance Ltd has successfully raised ₹2,100 crore through a Qualified Institutions Placement (QIP), strengthening its capital base as it accelerates its transformation into a scaled, retail-led and diversified financial services franchise. The QIP, which opened on August 24 and closed on August 28, 2026, saw strong participation from a broad mix of leading domestic […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE J&K Bank Eyes National Expansion With Focus On Digital & Growth

Jammu & Kashmir Bank Ltd is focusing on quality credit growth, stable retail deposits, digital expansion and stronger risk management as it seeks to build a larger presence beyond its traditional markets in Jammu & Kashmir and Ladakh. The bank also plans to expand its branch network, improve customer service, maintain a healthy CASA ratio […]

CW Bureau · Aug 30, 2026

BANKING & FINANCE Sashidhar Jagdishan To Step Down As HDFC Bank MD & CEO On Oct 26

HDFC Bank Managing Director & CEO Sashidhar Jagdishan has decided not to seek reappointment to the top executive position, bringing his six-year tenure as head of India’s largest private sector bank to an end. HDFC Bank said Jagdishan has conveyed his decision not to seek reappointment as Managing Director & Chief Executive Officer (MD & […]

CW Bureau · Aug 29, 2026

BANKING & FINANCE Karnataka Bank Launches Capital Gains Account Scheme For Taxpayers

Private sector lender Karnataka Bank has launched the Capital Gains Account Scheme (CGAS), providing customers with a banking facility to deposit unutilised capital gains while planning eligible reinvestments under the provisions of the Income-tax Act. The scheme is aimed at taxpayers who have earned capital gains from the transfer of eligible capital assets but are […]

CW Bureau · Aug 28, 2026

BANKING & FINANCE HSBC Consumption Fund Delivers 15.13% Return Since Inception

HSBC Mutual Fund’s HSBC Consumption Fund, an open-ended equity scheme following the consumption theme, has delivered a 15.13% return since inception under the Regular Growth Option, outperforming its benchmark, Nifty India Consumption TRI, which returned 14.81%. The fund, which completed three years since its launch in August 2023, had assets under management (AUM) of ₹1,762 […]

CW Bureau · Aug 27, 2026

BANKING & FINANCE IndiaFirst Life Launches GOLD Plan With Health, Family-Focused Benefits

IndiaFirst Life Insurance Company Ltd. has launched the IndiaFirst Life GOLD Term Plan, a non-linked, non-participating pure risk or savings plan designed to provide comprehensive protection through life insurance, healthcare, spouse cover and flexible benefit options. The launch comes amid a significant insurance protection gap in India, with a large section of the population still […]

CW Bureau · Aug 26, 2026

BANKING & FINANCE InvIT Sector Starts FY27 Strongly As Investor Base Rises 17% To 6.53 Lakh

India’s Infrastructure Investment Trust (InvIT) sector has started FY27 on a strong note, with a sharp increase in investor participation and higher distributions highlighting growing confidence in the infrastructure-focused investment vehicle. According to the Bharat InvITs Association (BIA), the sector’s unitholder base increased to 6.53 lakh in the quarter ended June 2026, up 17% from […]

CW Bureau · Aug 24, 2026

BANKING & FINANCE UPI Turns 10: How It Scaled From 1.78 Crore To 24,162 Crore Transactions

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), completes a decade of transforming the way India makes payments. What started as a digital payments platform has evolved into the backbone of India’s digital payments […]

CW Bureau · Aug 24, 2026