BANKING & FINANCE
IIFL Finance Raises ₹6,414 Cr From Blackstone, Promoters & Others
IIFL Finance Ltd, a retail-focused non-banking financial company (NBFC), has approved a primary capital raise of ₹6,414 crore ($686 million) through preferential allotments to funds managed by Blackstone Private Equity, the company’s promoters and Anchorage Capital. Blackstone will invest ₹5,000 crore ($535 million) through compulsorily convertible preference shares (CCPS), while promoters Nirmal Jain and R. […]
CW Bureau
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Nov 10, 2026
BANKING & FINANCE
Digital NBFCs’ Personal Loan Book Set To Surpass ₹3.6 Lakh Cr By FY30
The personal loan portfolio of digital NBFCs is expected to exceed ₹3.6 lakh crore by FY30, translating into a CAGR of 26%–28% over FY25–FY30. Growth prospects remain strong, driven by increasing digital penetration and an expanding borrower base, according to a CareEdge report. Outstanding Personal Loan Portfolio Doubles As per data from the Fintech Association […]
CW Bureau
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Mar 28, 2026
BANKING & FINANCE
TMB Eyes Co-Lending, To Up Focus On Retail Sector For Credit Growth
Tamilnad Mercantile Bank (TMB) is setting the stage for its next phase of growth by strengthening its core MSME franchise, preparing for a measured entry into co-lending, and gradually expanding its footprint beyond Tamil Nadu, even as it maintains a conservative risk posture. The bank is gearing up to enter the co-lending space, but management […]
CW Bureau
·
Feb 7, 2026
