BANKING & FINANCE
Cholamandalam Finance To Expand AI Use Across Business Operations
Cholamandalam Investment and Finance Company Ltd. (Chola) is exploring artificial intelligence (AI)-led interventions in its collections business and plans to extend the technology to sales and credit functions with a strong focus on governance and accountability. In his message to shareholders, Executive Chairman Vellayan Subbiah said technology continued to be a key enabler across customer […]
CW Bureau
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Jul 7, 2026
BANKING & FINANCE
Paisalo Promoters Raise Stake To 46.72%, Back AI-Led Growth Strategy
Paisalo Digital Ltd said its promoters have increased their shareholding by 4.97% through open-market purchases, taking their stake to 46.72% in Q1 of FY27 against 41.75% in FY26. Promoter holding has risen steadily from around 26% in FY19 to about 37% in FY25, 41.75% in FY26 and 46.72% in Q1FY27, reflecting continued confidence in the […]
CW Bureau
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Jul 1, 2026
BANKING & FINANCE
Manba Finance Enters South India Through Nammaloan Partnership
Manba Finance Ltd, Mumbai-based vehicle and retail financing NBFC, has entered the South Indian market through a strategic partnership with Sreesastha (Nammaloan), marking a significant step in the Mumbai-based non-banking finance company’s national expansion strategy. The partnership will initially focus on Karnataka, followed by an entry into Tamil Nadu during the current financial year, with […]
CW Bureau
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Jun 16, 2026
BANKING & FINANCE
UGRO Capital Advances Shift To High-Yield Segments: Earnings On Track
UGRO Capital Ltd, India’s first NBFC startup, is progressing on its strategic pivot towards high-yield segments, with Emerging Market LAP (loan against property) and Embedded Finance rising to 38% of assets under management (AUM) from 32% within a quarter. Emerging Market LAP AUM increased from ₹3,199 crore to ₹3,581 crore, while Embedded Merchant Finance grew […]
CW Bureau
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Apr 21, 2026
