BANKING & FINANCE
RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]
CW Bureau
·
Jun 20, 2026
BANKING & FINANCE
YES Bank, Northern Arc Capital Tie Up For Credit Access, Digital Lending
YES Bank and Northern Arc Capital have entered into a strategic partnership to expand access to credit, scale digital lending and provide debt investment opportunities to customers. The collaboration brings together YES Bank’s balance-sheet strength, digital infrastructure and distribution capabilities with Northern Arc Capital’s underwriting expertise, technology platforms and origination network to expand formal credit […]
CW Bureau
·
Jun 19, 2026
BANKING & FINANCE
ESAF Bank Business Crosses ₹50,000 Cr As Retail Deposits Remain Robust
ESAF Small Finance Bank Ltd has crossed the ₹50,000 crore total business milestone, reflecting the lender’s expanding footprint and sustained growth across deposits and advances. The bank said its total business stood at ₹50,029 crore as of June 11, 2026, comprising total deposits of ₹26,197 crore and gross advances of ₹23,832 crore. Deposits maintain steady […]
CW Bureau
·
Jun 12, 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
Muthoot MCred Profit Jumps 223% In Q4, Income Rises 54% To ₹337 Cr
Muthoot MCred Ltd, formerly known as Muthoottu Mini Financiers Ltd, a gold loan non-banking financial company (NBFC), reported a 222.67% year-on-year rise in net profit for the fourth quarter of FY26 at ₹62.97 crore, compared to ₹19.52 crore in the corresponding quarter of the previous financial year. The company reported total income of ₹337.24 crore […]
CW Bureau
·
May 22, 2026
BANKING & FINANCE
TVS Venu Group Set To Acquire 9.9% Stake In Jana Small Finance Bank
TVS Motor Company promoter group TVS Venu Group has agreed to acquire a minority stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase. The proposed transaction will give TVS Venu Group an equity ownership of up to 9.9% in Jana Small Finance Bank on a fully […]
CW Bureau
·
May 18, 2026
BANKING & FINANCE
Prudential Redraws India Play With ₹3,500-Cr Bharti Life Acquisition
Asia-focused insurance giant Prudential plc is sharply repositioning its India strategy with a ₹3,500 crore acquisition of a controlling stake in Bharti Life Insurance Company Ltd, signalling a deeper long-term commitment to one of the world’s fastest-growing insurance markets. The transaction will see Prudential acquire a 75% stake in Bharti Life from Bharti Life Ventures […]
CW Bureau
·
May 17, 2026
BANKING & FINANCE
Satin Finserv Scales Past ₹1,000 Cr AUM With Strong FY26 Momentum
Satin Finserv Ltd (SFL), a wholly owned subsidiary of Satin Creditcare Network Ltd (SCNL), has crossed ₹1,000 crore in assets under management (AUM) in FY26, marking a key scale milestone and a 93% year-on-year growth. The performance underscores strong operating momentum, portfolio expansion, and continued parent support, as the company advances its strategy of building […]
CW Bureau
·
Apr 3, 2026
