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
MUFG Bank Acquires 20% Stake In Shriram Finance For ₹39,618 Cr
MUFG Bank Ltd, a consolidated subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG), has made a strategic investment of ₹39,618 crore towards acquiring 20% equity stake in Shriram Finance Ltd (SFL), thus marking one of the largest cross-border investments in India’s financial services sector. Strategic investment completed MUFG Bank acquired 47.11 crore equity shares of […]
CW Bureau
·
Apr 8, 2026
BANKING & FINANCE
Oriental Insurance Hits ₹20,000 Cr Gross Premium Milestone In FY26
The Oriental Insurance Company Ltd (OICL) has crossed ₹20,000 crore in gross premium for FY 2025–2026, marking a significant milestone in its growth journey. This achievement reflects the growing trust of policyholders, intermediaries, and stakeholders, not only in OICL but also in public sector insurance institutions at large. The milestone aligns with the government’s broader […]
CW Bureau
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Mar 27, 2026
BANKING & FINANCE
Fino Payments Bank’s Referral Lending At ₹540 Cr, Till March 2026
Fino Payments Bank is witnessing strong momentum in its referral lending business through its merchant-led distribution channel, with disbursements reaching ₹540 crore as of March 20, 2026. The bank expects to close the current quarter at nearly 90% of the cumulative disbursements recorded in the first three quarters (₹700 crore), putting it on track to […]
CW Bureau
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Mar 25, 2026
BANKING & FINANCE
Govt Rolls Out Modified Scheme To Boost Credit Flow To Microfinance
In a move aimed at revitalising the microfinance ecosystem, the Indian government has launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), a revamped initiative designed to unlock up to ₹20,000 crore in credit flow to the sector. The scheme, operationalised through the National Credit Guarantee Trustee Company Limited (NCGTC), will provide guarantee cover to […]
CW Bureau
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Mar 22, 2026
RETAIL/FMCG
Shriram General Ties Up With Namdev Finvest To Expand Insurance Reach
Shriram General Insurance Co. Ltd. has entered into a strategic partnership with Namdev Finvest Pvt. Ltd., marking the start of a collaboration aimed at strengthening insurance access and improving customer service delivery. Under the partnership, Shriram General Insurance will offer its range of general insurance products through Namdev Finvest’s established customer network and service infrastructure. […]
CW Bureau
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Mar 14, 2026
RETAIL/FMCG
Fino Payments Bank Deposits Hit Record ₹2,900 Cr In Two Weeks
Fino Payments Bank has reported its highest-ever total deposit balance of ₹2,900 crore over the past two weeks, even as the payments bank has recently faced scrutiny and negative headlines. In a regulatory filing, the bank said deposit balances rose nearly 9% in the last two weeks to reach the all-time high as of March […]
CW Bureau
·
Mar 14, 2026
