BANKING & FINANCE Muthoot Microfin Raises ₹250 Cr Via NCDs To Support Expansion Plans

Muthoot Microfin Ltd has raised ₹250 crore through the allotment of listed, rated, secured and redeemable Non-Convertible Debentures (NCDs) on a private placement basis, as the microfinance lender looks to strengthen its funding profile and support its growth plans. The NCDs will be listed on BSE Ltd. As part of the issue, the company allotted […]

CW Bureau · Sep 15, 2026

BANKING & FINANCE Jana Small Finance Bank Targets Over 80% Growth In Net Profit In FY27

Jana Small Finance Bank Ltd expects profit after tax (PAT) to grow by more than 80% in FY27, supported by normalising credit costs, improving margins and continued growth in its secured lending book. The bank said it enters FY27 with a strengthened balance sheet and will focus on profitability recovery, retail deposits, technology investments and […]

CW Bureau · Sep 4, 2026

BANKING & FINANCE ESAF Bolsters Retail Banking Push With Emerging Household Portfolio

ESAF Small Finance Bank is sharpening its focus on the emerging household (EH) loans segment, positioning it as the next major growth driver as customers transition from financial inclusion to mainstream retail banking. The bank believes the segment, comprising individuals, self-help groups (SHGs), small entrepreneurs and farmer interest groups (FIGs), will evolve into one of […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE Equitas SFB Next Big Leap: Universal Bank Licence Under Its Consideration

Equitas Small Finance Bank (SFB) has begun internal deliberations on applying for a universal banking licence and believes it is technically compliant with the Reserve Bank of India’s (RBI) eligibility norms, though the lender has not set a timeline for filing the application. Speaking during the bank’s Q1 FY27 post-results analyst call, Equitas Small Finance […]

CW Bureau · Aug 1, 2026

BANKING & FINANCE Manappuram Finance To Deepen Gold Loan leadership, Revive Microfinance

Manappuram Finance Ltd will focus on strengthening its leadership in the gold loan business, scaling up secured lending businesses and restoring the growth trajectory of its microfinance arm, while accelerating digital transformation, Chairman and Managing Director V P Nandakumar said in his message to shareholders in the company’s Annual Report 2026. The NBFC also sees […]

Sajan C Kumar · Jul 21, 2026

ECONOMY Investing In Future: Ensuring Women Owned Small Businesses Can Thrive

When we picture engines of economic growth and job creation, we tend to think of large multinational companies and global brands. Yet, in emerging and developing economies, it is primarily micro, small, and medium-sized businesses that play this critical role. Small and medium-sized businesses represent around 90% of all businesses worldwide, and account for more […]

CW Bureau · Jun 29, 2026

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 · 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 · 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 · 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

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 · 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 · Mar 19, 2026