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

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