Tag: Financial Services
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
BANKING & FINANCE IndusInd Bank Charts Three-Year Growth Plan, Target 1% RoA Exit

Private sector lender IndusInd Bank has outlined a three-year transformation roadmap aimed at strengthening its franchise, accelerating growth and building leadership across key business segments. The strategy begins with restoring the bank to industry-aligned growth and achieving an exit Return on Assets (RoA) of 1% in FY27, before focusing on scaling operations in the second […]

CW Bureau · Aug 6, 2026
GENERAL Sundaram Finance’s Key Whites Road Branch Marks 25 Years Of Service

Sundaram Finance has celebrated the 25th anniversary of its Chennai Whites Road Commercial Branch, highlighting the branch’s long-standing relationship with customers, employees and their families, while reaffirming its commitment to values-driven financial services. The milestone event recognised the contribution of customers, employees and their families in building the branch’s legacy over the past quarter century. […]

CW Bureau · Jul 27, 2026
BANKING & FINANCE Cholamandalam Investment Aims To Become Leading Financial Institution

Cholamandalam Financial Holdings Ltd (CFHL), the Core Investment Company of  the Murugappa Group said its financial services arm Cholamandalam Investment and Finance Company Ltd (Chola) is making steady progress towards its long-term goal of emerging as a leading financial institution. The company said investments in technology, product expansion and customer engagement continue to support sustainable […]

CW Bureau · Jul 23, 2026
GENERAL IIM Mumbai Launches Executive MBA In Wealth Management In Neo Tie-up

The Indian Institute of Management (IIM) Mumbai has launched a one-year Executive MBA in Wealth Management in collaboration with Neo Wealth and Asset Management, aiming to equip financial services professionals with specialised expertise in one of India’s fastest-growing segments. The programme was formally inaugurated on July 15 at the institute’s Powai campus, with classes commencing […]

CW Bureau · Jul 22, 2026