BANKING & FINANCE Jio Payments Bank Introduces UPI-Based Cash Withdrawal Service

Jio Payments Bank Ltd (JPBL), a wholly-owned subsidiary of Jio Financial Services Ltd, has introduced a UPI-based cash withdrawal facility, enabling customers to access cash seamlessly through its business correspondent (BC) network. Bridging Digital Payments And Cash Access The newly launched feature allows users, particularly in rural and semi-urban areas, to withdraw cash by simply […]

CW Bureau · Mar 17, 2026

BANKING & FINANCE IOB Outlines Key Growth Strategies To Boost Overall Operating Outcome

Indian Overseas Bank (IOB) has outlined a set of key growth strategies aimed at improving overall operating performance as part of its ongoing non-deal roadshows with investors. The public sector lender said it plans to strengthen its existing business franchise while leveraging digital technology capabilities and the experience of its leadership team to drive the […]

CW Bureau · Mar 17, 2026

BANKING & FINANCE DWS To Buy 40% Stake In Nippon Life India AIF Management For ₹733 Cr

DWS Group GmbH & Co. KGaA, the German asset management firm, will acquire a 40% stake in Nippon Life India AIF Management Ltd (NAIF) for ₹733 crore through a preferential allotment of shares. NAIF will issue 3.40 lakh equity shares to DWS as part of the transaction. Following the allotment, NAIF will cease to be […]

CW Bureau · Mar 15, 2026

BANKING & FINANCE CreditAccess Advances Inclusive Growth With $75-Mn Loan Facility

CreditAccess Grameen, the non-banking financial company-micro finance institution (NBFCMFI), has signed a syndicated social loan facility of $75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). HSBC acted as the sole mandated lead arranger and bookrunner for the social loan fund raise, securing participations from HSBC (Gift […]

CW Bureau · Mar 10, 2026

BANKING & FINANCE Govt Pushes For Faster Resolution Of Pending Major Insolvency Cases

In a renewed push to accelerate corporate insolvency resolutions and strengthen recovery outcomes for lenders, the Department of Financial Services (DFS) has conducted a high-level review meeting with senior officials, public sector banks and the Insolvency and Bankruptcy Board of India (IBBI) to assess the progress of key insolvency cases pending before the National Company […]

CW Bureau · Mar 9, 2026

BANKING & FINANCE Canara Bank Classifies RCom, Reliance Tele Accounts As ‘Fraud’

Public sector lender Canara Bank has classified the loan accounts of Reliance Communications Ltd (RCom) and its subsidiary Reliance Telecom Ltd (RTL) as “fraud” and will report the case to the Reserve Bank of India for inclusion in the Central Fraud Registry, even as the company is undergoing the corporate insolvency resolution process (CIRP). In […]

CW Bureau · Mar 7, 2026

BANKING & FINANCE RBI Approves Vinay Tonse As Yes Bank MD & CEO For Three-Year Term

Mumbai-based Yes Bank Ltd has received the Reserve Bank of India (RBI) approval for the appointment of Vinay Muralidhar Tonse as Managing Director & Chief Executive Officer for a period of three years. The tenure will commence from the date he assumes charge as MD & CEO of the private sector lender. To ensure a […]

CW Bureau · Mar 6, 2026

BANKING & FINANCE UGRO Capital Opts For All-Cash Route To Finalise MyShubhLife Acquisition

UGRO Capital has moved a step closer to completing the acquisition of Datasigns Technologies Pvt Ltd, the technology company that operates the MyShubhLife platform, after amending the transaction terms to streamline the deal structure. The non-banking financial company informed stock exchanges that it has entered into an Amended and Restated Share Purchase Agreement with the […]

CW Bureau · Mar 6, 2026

BANKING & FINANCE ADB Provides $100Mn Credit Support To Motilal Oswal Home Finance

Motilal Oswal Home Finance Ltd (MOHFL) has signed a $100 million debt financing agreement with the Asian Development Bank (ADB), marking a significant step in expanding affordable housing finance and promoting green housing development across India. The company will raise the rupee-equivalent amount through non-convertible debentures (NCDs). The transaction underscores strong confidence from a leading […]

CW Bureau · Mar 4, 2026

BANKING & FINANCE Fino Payments Bank CEO Rishi Gupta Arrested in GST Probe, CFO Take Reins

Fino Payments Bank Ltd said that its Chief Financial Officer Ketan Merchant has been named Head of the Organisation to to carry on day-to-day operations following the arrest of Managing Director and Chief Executive Officer Rishi Gupta under provisions of Sections 132(1)(a) and 132(1)(i) of the CGST and SGST Acts, 2017, respectively, on February 27, […]

CW Bureau · Feb 28, 2026