BANKING & FINANCE
Muthoot Capital Services Steps Up AI Adoption To Improve Efficiency
Muthoot Capital Services Ltd, a non-banking financial company (NBFC) focused on vehicle and consumer finance, is accelerating the use of artificial intelligence across its operations to improve efficiency, decision-making and customer experience. The company is deploying AI-led solutions across customer acquisition, credit underwriting, collections, customer service, audit, compliance and risk management, said CEO Mathews Markose […]
CW Bureau
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Aug 8, 2026
BANKING & FINANCE
RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]
CW Bureau
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Jun 20, 2026
BANKING & FINANCE
CreditAccess Grameen Chalks Out Its Next Phase, Eyes Household Finance
CreditAccess Grameen is working on a long-term strategy to evolve from a traditional microfinance lender into a full-spectrum household finance partner for rural and semi-urban India, according to Managing Director and Chief Executive Officer Ganesh Narayanan. Narayanan told analysts that the lender is strengthening customer acquisition through three channels, such as group-based sourcing, individual lending […]
CW Bureau
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May 13, 2026
