BANKING & FINANCE UGRO Capital Raises ₹380 Cr From Dutch Bank FMO Through NCD Issue

UGRO Capital Ltd, an MSME-focused DataTech lending platform, has raised ₹380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable non-convertible debentures (NCDs) to FMO, the Dutch entrepreneurial development bank. This is FMO’s third investment in UGRO Capital in less than three years. It follows NCD investments of ₹250 crore in […]

CW Bureau · Sep 16, 2026

BANKING & FINANCE Muthoot Microfin Raises ₹250 Cr Via NCDs To Support Expansion Plans

Muthoot Microfin Ltd has raised ₹250 crore through the allotment of listed, rated, secured and redeemable Non-Convertible Debentures (NCDs) on a private placement basis, as the microfinance lender looks to strengthen its funding profile and support its growth plans. The NCDs will be listed on BSE Ltd. As part of the issue, the company allotted […]

CW Bureau · Sep 15, 2026

BANKING & FINANCE RBI Backs Fintech As Key Strategic Partner To Develop Next-Gen System

The Reserve Bank of India (RBI) is positioning fintech not merely as an industry under regulation but as a strategic partner in building the next generation of India’s financial system, with artificial intelligence (AI), quantum technology and tokenisation emerging as key areas of focus. Reserve Bank of India Governor Sanjay Malhotra said the central bank […]

CW Bureau · Sep 10, 2026

HOSPITALITY Swiggy Enables 50,000 Delivery Partners To File IT Returns

Swiggy has enabled more than 50,000 delivery partners across India to file their Income Tax Returns (ITRs) directly through its delivery partner app, covering partners working across its Food Marketplace and Instamart businesses. The initiative resulted in cumulative income tax refund claims of ₹6.5 crore for the delivery partners, while more than one-third of those […]

CW Bureau · Sep 10, 2026

ECONOMY India’s Fintech Journey Enters Next Phase As UPI Becomes Cornerstone

India’s fintech story has moved well beyond digital payments, with the Unified Payments Interface (UPI) emerging as a cornerstone of the country’s digital economy and financial inclusion. The next phase, however, will require the industry to extend the same scale and simplicity to credit, insurance, savings, investments and pensions. The evolution of India’s fintech ecosystem […]

CW Bureau · Sep 9, 2026

BANKING & FINANCE AU SFB Gets Shareholders’ Nod To Raise Borrowing Limit To ₹30,000 Cr

AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments. The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to […]

CW Bureau · Sep 6, 2026

BANKING & FINANCE Jana Small Finance Bank Targets Over 80% Growth In Net Profit In FY27

Jana Small Finance Bank Ltd expects profit after tax (PAT) to grow by more than 80% in FY27, supported by normalising credit costs, improving margins and continued growth in its secured lending book. The bank said it enters FY27 with a strengthened balance sheet and will focus on profitability recovery, retail deposits, technology investments and […]

CW Bureau · Sep 4, 2026

BANKING & FINANCE J&K Bank Eyes National Expansion With Focus On Digital & Growth

Jammu & Kashmir Bank Ltd is focusing on quality credit growth, stable retail deposits, digital expansion and stronger risk management as it seeks to build a larger presence beyond its traditional markets in Jammu & Kashmir and Ladakh. The bank also plans to expand its branch network, improve customer service, maintain a healthy CASA ratio […]

CW Bureau · Aug 30, 2026

BANKING & FINANCE UPI Turns 10: How It Scaled From 1.78 Crore To 24,162 Crore Transactions

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), completes a decade of transforming the way India makes payments. What started as a digital payments platform has evolved into the backbone of India’s digital payments […]

CW Bureau · Aug 24, 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 FM Calls For Sharper PSL Monitoring, Youth-Focused Banking Campaign

Union Finance and Corporate Affairs Minister Nirmala Sitharaman has called upon public sector banks (PSBs) to sharpen monitoring of priority sector lending (PSL) targets and sub-targets, while ensuring that credit reaches intended beneficiaries in a productive and timely manner. Addressing the concluding session of the two-day PSB Confluence 2026, Sitharaman stressed the need for granular […]

CW Bureau · Aug 19, 2026

HOSPITALITY NPS Contribution By Zomato Delivery Partners Crosses ₹1 Cr, PRAN 2 Lakh

Food ordering and delivery platform Zomato said the National Pension System (NPS) corpus built by its delivery partners has crossed ₹1 crore, with enrolments under the scheme surpassing 2 lakh Permanent Retirement Account Numbers (PRANs). The milestone comes less than a year after Zomato launched the NPS Platform Workers Model in October 2025 in partnership […]

CW Bureau · Aug 19, 2026