STARTUP/TECHNOLOGY MobiKwik Focuses On 30-35% FY27 Growth, Eyes 10x Revenue By FY28

MobiKwik is targeting 30-35% growth in payments and digital credit GMV in FY27 and has set an ambitious goal of 10x revenue by FY28, as the fintech platform looks to scale its payments, lending, merchant acquiring and artificial intelligence businesses. In their message to shareholders in the company’s Annual Report 2026, Bipin Preet Singh, Co-Founder, […]

Sajan C Kumar · Aug 21, 2026

STARTUP/TECHNOLOGY Paisalo Digital Targets ₹1,000-Cr Co-Lending Partnership With LoanKhata

Paisalo Digital Ltd, a technology-enabled lending platform focused on expanding formal credit access to micro-enterprises, MSMEs and underserved borrowers, has entered into a memorandum of understanding (MoU) with LoanKhata for a proposed co-lending partnership of up to ₹1,000 crore. Under the proposed arrangement, Paisalo would fund 80% and LoanKhata 20% of each eligible loan. The […]

CW Bureau · Aug 19, 2026

BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026

STARTUP/TECHNOLOGY IITM, CAMS Deepen FinTech Ties To Drive AI, Digital Payment Research

Indian Institute of Technology Madras (IIT Madras) and Computer Age Management Services (CAMS) are expanding their collaboration under the CAMS IIT Madras FinTech Innovation Lab (CIFIL), with a focus on financial technology innovation, startup development, industry-driven research and professional education. The renewed partnership seeks to strengthen India’s rapidly evolving digital financial ecosystem by deepening industry-academia […]

CW Bureau · Aug 12, 2026

STARTUP/TECHNOLOGY Paisalo Digital BC Channel Crosses $1 Bn In Total Gross Transaction Value

NBFC firm Paisalo Digital Ltd’s Business Correspondent (BC) channel has crossed $1 billion in cumulative gross transaction value (GTV), marking a key milestone in its distribution franchise and last-mile delivery capabilities. The milestone highlights the growing scale of Paisalo’s BC ecosystem and the increasing customer engagement across the channel. BC network expands The company has […]

CW Bureau · Aug 10, 2026

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