Tag: Financial Services
BANKING & FINANCE Hyundai Capital Services Set To Start Financial Operations In India

Hyundai Capital Services is commencing financial operations in India, one of the world’s three largest automotive markets, marking the company’s entry into the country’s vehicle financing sector. Hyundai Capital India (HCIN) is the company’s 14th financial entity and an independent, stand-alone entity fully owned and operated by Hyundai Capital Services. From consulting to financial services […]

CW Bureau · Aug 31, 2026
BANKING & FINANCE Muthoot Finance To Merge Wholly Owned Subsidiary Muthoot Money

Muthoot Finance Ltd has approved a scheme of amalgamation with its wholly owned subsidiary Muthoot Money Ltd (MML), as part of a group-wide consolidation exercise. MML is a non-deposit taking NBFC classified under the middle layer, while Muthoot Finance is an upper-layer NBFC. Both companies are primarily engaged in the gold loan business. Scheme requires […]

CW Bureau · Aug 31, 2026
GENERAL LIC Housing Finance Names Sandeep Kumar As MD & CEO For Five Years

LIC Housing Finance Ltd has appointed Sandeep Kumar as Additional Director and Managing Director & Chief Executive Officer with effect from August 29 for a period of five years. His appointment will remain valid as long as he continues to be deputed to LIC Housing Finance as a nominee director of Life Insurance Corporation of […]

CW Bureau · Aug 29, 2026
STARTUP/TECHNOLOGY Protean eGov Targets AI-Led Digital Expansion And Global Growth

Protean eGov Technologies Ltd, an IT-enabled solutions company, is pursuing a three-pillar strategy focused on scaling Digital Public Infrastructure (DPI), building AI-driven enterprise digital ecosystems and taking its capabilities to international markets. The company plans to strengthen its existing digital platforms while developing new foundational digital rails across financial services, insurance, agriculture, healthcare, education and […]

CW Bureau · Aug 29, 2026
STARTUP/TECHNOLOGY Guidehouse Opens Hyderabad Hub, Plans To Hire 1,000 Professionals

Guidehouse, a global professional services firm, has opened a new hub in Hyderabad as part of its expansion in India and plans to hire more than 1,000 professionals over the next 12 months. The hiring will cover managed services, technology, analytics and digital transformation, with a focus on supporting clients in the healthcare and financial […]

CW Bureau · Aug 20, 2026
BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026
BANKING & FINANCE TVS Capital-Backed Saarathi Finance Opens 100th Branch In Telangana

TVS Capital-backed Saarathi Finance, an MSME-focused NBFC, has opened its 100th branch in Jagtial, Telangana. The new branch will strengthen its presence across northern Telangana. The branch will provide customer-focused financial solutions to MSMEs, entrepreneurs and small business owners in the region. Saarathi Finance commenced operations in April 2025. Focus on MSME lending The NBFC […]

CW Bureau · Aug 10, 2026
STARTUP/TECHNOLOGY Paisalo Digital BC Channel Crosses $1 Bn In Total Gross Transaction Value

NBFC firm Paisalo Digital Ltd’s Business Correspondent (BC) channel has crossed $1 billion in cumulative gross transaction value (GTV), marking a key milestone in its distribution franchise and last-mile delivery capabilities. The milestone highlights the growing scale of Paisalo’s BC ecosystem and the increasing customer engagement across the channel. BC network expands The company has […]

CW Bureau · Aug 10, 2026
BANKING & FINANCE IDFC First Bank Regrets Fraud At Chandigarh, Vows Stronger Controls

IDFC First Bank has expressed regret over the recent misappropriation of funds of ₹590 crore at its Chandigarh branch and said it is determined to ensure that such an incident does not happen again. “The incident has reinforced in us the requirement to be more vigilant and never to be too sure of ourselves or […]

CW Bureau · Aug 9, 2026
BANKING & FINANCE Muthoot Finance Sets FY27 Priorities On Gold Loans, Diversification

Muthoot Finance Ltd, one of India’s leading gold financing companies, will focus on deepening its gold loan franchise while scaling non-gold lending businesses in FY27, with asset quality and capital adequacy remaining key priorities. “We will deepen the gold loan franchise and continue to acquire customers at pace. We will scale our non-gold lending lines, […]

CW Bureau · Aug 8, 2026
BANKING & FINANCE Muthoot Capital Services Steps Up AI Adoption To Improve Efficiency

Muthoot Capital Services Ltd, a non-banking financial company (NBFC) focused on vehicle and consumer finance, is accelerating the use of artificial intelligence across its operations to improve efficiency, decision-making and customer experience. The company is deploying AI-led solutions across customer acquisition, credit underwriting, collections, customer service, audit, compliance and risk management, said CEO Mathews Markose […]

CW Bureau · Aug 8, 2026