BANKING & FINANCE KVB Picks Up 16.4% Stake In Sahayya Finserve To Scale Up Retail Lending

As part of its strategy to build new growth engines, Karur Vysya Bank (KVB) has invested ₹29.68 crore in Sahayya Finserve Pvt Ltd, an RBI-registered non-banking financial company (NBFC) engaged in affordable housing finance and loan-against-property financing. The investment gives the bank a 16.4% equity stake in the NBFC and is expected to strengthen KVB’s […]

CW Bureau · Aug 6, 2026

BANKING & FINANCE Aptus Value Housing Finance Q1 PAT Jumps 19%; AUM Crosses ₹13,600 Cr

Aptus Value Housing Finance India Ltd reported a 19% year-on-year increase in net profit to ₹261 crore for the first quarter of FY27, driven by robust loan growth, higher disbursements and continued expansion of its branch network. The Chennai-based affordable housing finance company had posted a net profit of ₹219 crore in the corresponding quarter […]

CW Bureau · Jul 31, 2026

BANKING & FINANCE Northern Arc Capital Banks On Tech, Retail Lending And Risk Management

Northern Arc Capital is gearing up for its next phase of growth by deepening its technology-led credit ecosystem, expanding its direct-to-customer lending business and exploring new opportunities in digital distribution and wealth management. In his message to shareholders in the company’s Annual Report 2026, Managing Director & CEO Ashish Mehrotra said the company’s long-term strategy […]

CW Bureau · Jul 26, 2026

STARTUP/TECHNOLOGY Fibe Brings AI-Powered Credit Radar To Help Users Improve Credit Health

Digital lending platform Fibe has launched Credit AI Radar (CAIR), an artificial intelligence-powered credit intelligence and management platform designed to help consumers understand, monitor and improve their credit health beyond the traditional credit score. The platform comes as formal credit adoption gathers pace in India, with digital-first lenders significantly expanding their consumer base over the […]

CW Bureau · Jul 23, 2026

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 · Jul 7, 2026

BANKING & FINANCE PNB Strengthens Digital Lending, Bets On Shram Saathi And PM e-Svanidhi

Punjab National Bank is expanding financial inclusion through its digital lending initiatives, including PNB Shram Saathi and the PM e-Svanidhi Scheme, offering collateral-free loans to frontline workers and street vendors. Punjab National Bank (PNB) has reaffirmed its commitment to advancing financial inclusion through digital banking by expanding access to formal credit for frontline workers, community […]

CW Bureau · Jul 1, 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 · Jul 1, 2026

BANKING & FINANCE CreditAccess Grameen To Focus On Portfolio Quality & Digital Inclusion 

Microfinance lender CreditAccess Grameen has outlined an ambitious growth roadmap centred on stronger asset quality, digital innovation and balance sheet resilience. In its Annual Report 2026, Ganesh Narayanan, Managing Director & Chief Executive Officer, said FY26 was a year focused on strengthening the company’s balance sheet, improving portfolio quality and sustaining business growth amid challenging […]

CW Bureau · Jun 9, 2026

RETAIL/FMCG Meesho Invests ₹100 Cr In A Loss-Making Subsidiary Meesho Payment

Meesho Ltd, the Bengaluru-based e-commerce platform focused on value commerce and small businesses, has infused nearly ₹100 crore into its lending subsidiary Meesho Payment Pvt Ltd (MPPL) despite the latter reporting losses, highlighting the growing strategic importance of embedded finance in the e-commerce ecosystem. The investment, made through a rights issue, is aimed at strengthening […]

CW Bureau · May 9, 2026

STARTUP/TECHNOLOGY MobiKwik Group Secures RBI Nod For NBFC Licence, To Set Up Lending Arm

Reserve Bank of India (RBI) has approved the application of One MobiKwik Systems Ltd group’s application for a Non-Banking Financial Company (NBFC) licence, enabling the group to expand its regulated lending operations. The licence will facilitate the launch of a new lending division, MobiKwik Financial Services Pvt Ltd (MFSPL), a wholly owned subsidiary, aimed at […]

CW Bureau · Apr 27, 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 · Mar 28, 2026