BANKING & FINANCE IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat

Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]

CW Bureau · Jun 2, 2026

STARTUP/TECHNOLOGY Paytm Infuses About ₹99 Cr Into Its European Arm To Support Expansion

One 97 Communications Ltd (OCL), which owns digital payments and financial services platform Paytm, has infused €9 million (about ₹99 crore) into its Luxembourg-based step-down wholly owned subsidiary, Paytm Europe Payments S.A., to support its business and operational requirements in Europe. The investment has been made through Paytm Cloud Technologies Ltd (PCTL), a wholly owned […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE Indian Bank To Sharpen Focus On AI-Led Digital Banking, RAM Segments

As part of its growth strategy for FY27, the leading public sector lender Indian Bank will sharpen its focus on AI-driven digital innovation in banking products and services while deepening its presence in retail, agriculture and MSME (RAM) segments. “Our priorities include deepening customer trust through seamless digital product penetration and embedding compliance as a […]

CW Bureau · May 23, 2026

BANKING & FINANCE Repco Home Finance Q4 Profit Rises To ₹129 Cr; Asset Quality Improves

Repco Home Finance Ltd, a housing finance company focused on retail home loans, reported a standalone net profit of ₹129 crore for the March quarter, up ₹4 crore over the corresponding period last year on improved income and asset quality. Loan sanctions registered a 25% increase at ₹1,320 crore, while loan disbursements grew 22% to […]

CW Bureau · May 22, 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

STARTUP/TECHNOLOGY Hexaware Acquires UK-Based CPS To Strengthen Consulting, AI Businesses

Hexaware Technologies Ltd, a global IT services and digital solutions provider, has entered into an agreement to acquire Consulting Professionals Services Holdings Ltd along with its wholly owned subsidiary Consulting Professionals Services Ltd (CPS) for ₹140 crore to strengthen its consulting, AI and cloud transformation capabilities. The transaction is expected to close within two weeks. […]

CW Bureau · May 21, 2026

BANKING & FINANCE Muthoot Finance Targets 15% Growth In Assets Under Management In FY27

Muthoot Finance Ltd, India’s largest gold loan non-banking finance company, is targeting around 15% growth in assets under management (AUM) this year, supported by continued demand for household gold loans and expansion across subsidiaries. “For the last 10 years, we have been giving a guidance of 15% in first quarter. In the next two quarters, […]

CW Bureau · May 20, 2026

RETAIL/FMCG Manappuram Finance Bets On Gold Loans, Plans 550 Branches In FY27

Manappuram Finance Ltd, the gold loan-focused NBFC, plans to open 500-550 new branches during FY27 to strengthen its gold loan business amid favourable regulatory changes and rising consumer demand. Chairman and Managing Director V.P. Nandakumar said during earnings call that gold loans continue to remain the key growth driver, while the microfinance business is still […]

CW Bureau · May 11, 2026

GENERAL AI, Data And Digital To Drive Aditya Birla Capital’s Growth Strategy

Aditya Birla Capital Ltd, one of India’s leading diversified financial services companies, is placing data, digital and technology at the core of its growth strategy, with Artificial Intelligence (AI) emerging as a key operating layer across businesses to drive growth, profitability and customer experience. Speaking during the earnings call, Aditya Birla Capital Ltd, Managing Director […]

CW Bureau · May 9, 2026

BANKING & FINANCE Fairfax India To Invest ₹2,000 Cr In IIFL Capital, Increase Stake To 51%

Fairfax India Holdings Corporation is set to increase its stake in IIFL Capital Services Ltd to 51% through an investment of ₹2,000 crore via preferential allotment of shares at ₹350 apiece. The proposed transaction will trigger a mandatory public offer under takeover regulations. Following the preferential allotment, Fairfax India’s wholly-owned subsidiary Fairfax Mauritius Investments Ltd […]

CW Bureau · May 7, 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

RETAIL/FMCG Shriram General Ties Up With Namdev Finvest To Expand Insurance Reach

Shriram General Insurance Co. Ltd. has entered into a strategic partnership with Namdev Finvest Pvt. Ltd., marking the start of a collaboration aimed at strengthening insurance access and improving customer service delivery. Under the partnership, Shriram General Insurance will offer its range of general insurance products through Namdev Finvest’s established customer network and service infrastructure. […]

CW Bureau · Mar 14, 2026