BANKING & FINANCE Manappuram Finance To Deepen Gold Loan leadership, Revive Microfinance

Manappuram Finance Ltd will focus on strengthening its leadership in the gold loan business, scaling up secured lending businesses and restoring the growth trajectory of its microfinance arm, while accelerating digital transformation, Chairman and Managing Director V P Nandakumar said in his message to shareholders in the company’s Annual Report 2026. The NBFC also sees […]

Sajan C Kumar · Jul 21, 2026

STARTUP/TECHNOLOGY Paytm Defers Bonus Issue For Now, To Focus On Growth And Profitability

One 97 Communications Ltd (Paytm), a leading digital payments and financial services company, has decided not to proceed with its proposed bonus share issue for the time being, choosing instead to prioritise growth and profitability to create long-term shareholder value. The company said the Board, after evaluating the proposal and holding detailed deliberations, concluded that […]

CW Bureau · Jul 21, 2026

BANKING & FINANCE Aditya Birla Capital Scales Up Gen AI, Agentic AI To Boost Customer Service

Aditya Birla Capital Ltd (ABCL) is stepping up its focus on artificial intelligence, data and automation as it prepares for its next phase of growth, with the financial services major embedding AI across underwriting, sales, customer service and operations to improve efficiency, strengthen customer engagement and build a future-ready franchise. In her message to shareholders […]

CW Bureau · Jul 17, 2026

BANKING & FINANCE TVS Venu Entity Home Credit To Buy Varthana Finance In All-Cash Deal

Home Credit India, part of the TVS Venu Group, has signed an agreement to acquire 100% equity stake in Varthana Finance Pvt Ltd through an all-cash transaction, marking its entry into the specialised education finance segment. The proposed acquisition is part of TVS Venu’s long-term strategy to build and scale high-quality financial services businesses catering […]

CW Bureau · Jul 15, 2026

BANKING & FINANCE Tata Capital Buys 89% In Yogloans For ₹318 Cr, Enters Gold Loan Space

Tata Capital Ltd (TCL), the flagship financial services company of the Tata Group, has approved the acquisition of a majority stake in Kerala-based Yogakshemam Loans Ltd (Yogloans), marking its entry into India’s fast-growing gold loan segment. The proposed all-cash transaction will see Tata Capital acquire approximately 88.6% of the issued and paid-up share capital of […]

CW Bureau · Jul 13, 2026

INFRASTRUCTURE Bharti Airtel Bets On AI, Cloud And Data Centres To Drive Growth

Bharti Airtel Ltd., one of India’s leading telecommunications and digital services provider, is strengthening its presence in financial services, data centres and cloud computing as part of its strategy to build new growth engines beyond telecom, said Chairman Sunil Bharti Mittal. In his letter to shareholders, Mittal said Airtel’s calibrated investments over the past few […]

CW Team · Jul 12, 2026

STARTUP/TECHNOLOGY CIBC Opens Global Capabilities Hub In Hyderabad To Expand Talent Base

CIBC has opened a global capabilities hub in Hyderabad as part of its strategy to strengthen its global operations and expand its talent base across Canada, the U.S., Europe and Asia. The new centre will support the bank’s ongoing transformation initiatives by insourcing work that was previously managed by third-party service providers and accelerating the […]

CW Bureau · Jul 8, 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 Standard Chartered Completes Swift Remittance To India In 37 Seconds

Standard Chartered has processed an end-to-end international remittance to India in 37 seconds using Swift’s retail payments scheme, marking what the bank described as a world-first transaction under the framework. The payment originated from Westpac in Australia and was routed through Standard Chartered, which enabled near real-time credit to the beneficiary bank in India. Faster […]

CW Bureau · Jul 3, 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

BANKING & FINANCE Mahindra Finance Eyes Disciplined Growth, AI-Led Transformation

Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) will focus on disciplined growth, deeper customer relationships and a diversified lending franchise as it enters a “more deliberate phase of growth.” In his message to shareholders, Chairman Anish Shah said the company’s priority remains to strengthen its leadership in vehicle financing while gradually building a more […]

CW Bureau · Jun 26, 2026

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