BANKING & FINANCE
ESAF Bank Business Crosses ₹50,000 Cr As Retail Deposits Remain Robust
ESAF Small Finance Bank Ltd has crossed the ₹50,000 crore total business milestone, reflecting the lender’s expanding footprint and sustained growth across deposits and advances. The bank said its total business stood at ₹50,029 crore as of June 11, 2026, comprising total deposits of ₹26,197 crore and gross advances of ₹23,832 crore. Deposits maintain steady […]
CW Bureau
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Jun 12, 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
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Jun 11, 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
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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
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May 11, 2026
BANKING & FINANCE
Equitas SFB Reports Fivefold Rise In Q4 Profit; Asset Quality Improves
Equitas Small Finance Bank Ltd reported a fivefold increase in net profit at ₹213 crore for the March quarter of FY26 compared with the year-ago period, supported by strong growth and improved margins. Net interest margin rose to 7.29% from 7.13%, while cost-to-income ratio declined to 67.52% from 70.28%. Asset quality and capital position Gross […]
CW Bureau
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Apr 30, 2026
RETAIL/FMCG
RBI Clears Bain Capital’s Joint Control In Manappuram Subsidiaries
Manappuram Finance Ltd on Thursday said its subsidiaries, Asirvad Micro Finance Ltd (AMFL) and Manappuram Home Finance Ltd (MHFL), have received approvals from the Reserve Bank of India for an indirect change in control and management by affiliates of Bain Capital. The regulatory clearances mark a key milestone in the proposed strategic investment, which is […]
CW Bureau
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Mar 19, 2026
STARTUP/TECHNOLOGY
Satin Creditcare Expands Into Cybersecurity, Picks Stake In QTrino
Satin Creditcare Network announced that its wholly owned subsidiary, Satin Technologies has entered into a share subscription-cum-shareholders agreement to acquire upto 76.40% equity share capital of QTrino Labs, in one or more tranches. QTrino Labs is an IIT incubated deep-tech cybersecurity startup engaged in the development of cost-effective, cutting-edge, quantum-safe security solutions for enterprises and government institutions. Operating in a rapidly evolving and high-growth technology […]
CW Bureau
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Jan 21, 2026
