Tag: credit underwriting
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 · 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 · May 13, 2026