BANKING & FINANCE CreditAccess Grameen Names Devika Praveen As Chief Compliance Officer

CreditAccess Grameen Ltd., a rural-focused inclusive financing platform, has appointed Devika Praveen as its Chief Compliance Officer (CCO). Devika brings nearly three decades of experience in banking and financial services, with expertise in regulatory compliance, governance, anti-money laundering (AML), regulatory supervision, policy management, compliance testing and Board-level oversight. Extensive experience Prior to joining CreditAccess Grameen, […]

CW Bureau · Jun 11, 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

BANKING & FINANCE Fino Bank Adds 2.9 Lakh Customers In May 2026, Loan Referrals Rise 2.9x

Fino Payments Bank continued to witness strong customer acquisition momentum in May 2026, opening 2.9 lakh new accounts during the month, a 29% year-on-year increase, as the lender advances its transition towards becoming a Small Finance Bank (SFB). The growth reflects the bank’s expanding reach, rising customer engagement and continued focus on building a broader […]

CW Bureau · Jun 8, 2026

BANKING & FINANCE Gold, Personal And Home Loans Drive Retail Credit Growth In FY26: Experian

India’s retail credit market witnessed strong momentum in FY26, driven by rising demand for gold loans, personal loans and home loans, according to Experian’s latest Industry Insights – May 2026 report. The report highlights robust growth in loan originations, increasing preference for secured lending and improving repayment behaviour, indicating a healthier and more stable credit […]

CW Bureau · Jun 3, 2026

BANKING & FINANCE Karnataka Bank Partners Tobacco Board To Support Tobacco Growers

Karnataka Bank has entered into a strategic partnership with the Tobacco Board, Government of India, to provide customised banking and credit solutions to registered tobacco growers across Karnataka, strengthening financial access for the farming community. The collaboration aims to address the specific financial requirements of tobacco farmers by offering a dedicated suite of banking products […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE CRIF India Unveils Credit Goes to HER Kolkata Chapter To Empower Women

CRIF India, part of the global credit information and business intelligence company CRIF, has launched the first regional chapter of its ‘Credit Goes to HER’ initiative in Kolkata, aimed at strengthening women’s leadership and participation in India’s credit ecosystem. Launched nationally in March this year, the initiative seeks to create a community of women professionals […]

CW Bureau · Jun 1, 2026

BANKING & FINANCE Canara HSBC Life Insurance Company Partners West Bengal Gramin Bank

Canara HSBC Life Insurance Company Ltd has entered into a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB) to expand insurance penetration and strengthen financial inclusion across rural India. Under the partnership, Canara HSBC Life Insurance will offer its range of life insurance products through WBGB’s network of 960 branches spread across West Bengal. […]

CW Bureau · May 26, 2026

STARTUP/TECHNOLOGY Angel One Bets On AI, Data & Digital Infrastructure For Long-Term Growth

Angel One Ltd, a fintech and digital financial services platform, is betting on artificial intelligence, data science and scalable digital infrastructure to drive its next phase of growth while expanding financial access and investor participation across India. Angel One aims to evolve from a digital brokerage platform into a long-term financial partner supporting investing, wealth […]

CW Bureau · May 21, 2026

BANKING & FINANCE Shriram Finance’s AAA Leap Signals New Regime For Its Deposit Business

Shriram Finance Executive Vice Chairman Umesh Revankar has said Shriram Unnati Fixed Deposits have secured AAA ratings from all leading credit rating agencies, positioning the programme among the safest fixed deposit offerings in the country. The ratings upgrade comes even as the company effected a marginal reduction in interest rates on Shriram Unnati Deposits from […]

CW Bureau · May 7, 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 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 · Mar 27, 2026