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
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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
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May 20, 2026
BANKING & FINANCE
Karur Vysya Bank Expects Its Credit Growth Above Industry Level In FY27
The Karur Vysya Bank Ltd expects its credit growth to outpace industry growth by 1-2% during FY27 despite global macroeconomic uncertainties, geopolitical tensions and pressure on margins. The bank expects slippages to remain below 1% of the asset book during FY27, while liquidity coverage ratio (LCR) is projected to remain in the range of 115-120%. […]
CW Bureau
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May 13, 2026
RETAIL/FMCG
Manappuram Finance Bets On Gold Loans, Plans 550 Branches In FY27
Manappuram Finance Ltd, the gold loan-focused NBFC, plans to open 500-550 new branches during FY27 to strengthen its gold loan business amid favourable regulatory changes and rising consumer demand. Chairman and Managing Director V.P. Nandakumar said during earnings call that gold loans continue to remain the key growth driver, while the microfinance business is still […]
CW Bureau
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May 11, 2026
BANKING & FINANCE
City Union Bank Inaugurates 1,000th Branch Ahead Of CEO Kamakodi Exit
City Union Bank Ltd, Managing Director and Chief Executive Officer, N. Kamakodi, is a man of few words, but his actions have often spoken louder. Media, business associates, customers and colleagues vouch for his understated style of leadership. Days before demitting office, Kamakodi guided the bank to yet another milestone, crossing 1,000 branches, a symbolic […]
CW Bureau
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Apr 28, 2026
BANKING & FINANCE
Satin Creditcare Accelerates Growth In FY26 With Strong AUM Expansion
NBFC-MFI Satin Creditcare Network Ltd delivered a strong financial performance in FY26, with its assets under management (AUM) growing by 19% year-on-year to reach ₹15,275 crore on a consolidated basis. This growth was driven by a steady increase in disbursements and enhanced operational capabilities. Disbursement and borrower expansion Disbursements rose by 17% YoY to ₹12,516 […]
CW Bureau
·
Apr 8, 2026
