BANKING & FINANCE UGRO Capital Raises ₹380 Cr From Dutch Bank FMO Through NCD Issue

UGRO Capital Ltd, an MSME-focused DataTech lending platform, has raised ₹380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable non-convertible debentures (NCDs) to FMO, the Dutch entrepreneurial development bank. This is FMO’s third investment in UGRO Capital in less than three years. It follows NCD investments of ₹250 crore in […]

CW Bureau · Sep 16, 2026

STARTUP/TECHNOLOGY Paisalo Digital Targets ₹1,000-Cr Co-Lending Partnership With LoanKhata

Paisalo Digital Ltd, a technology-enabled lending platform focused on expanding formal credit access to micro-enterprises, MSMEs and underserved borrowers, has entered into a memorandum of understanding (MoU) with LoanKhata for a proposed co-lending partnership of up to ₹1,000 crore. Under the proposed arrangement, Paisalo would fund 80% and LoanKhata 20% of each eligible loan. The […]

CW Bureau · Aug 19, 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

BANKING & FINANCE KVB Picks Up 16.4% Stake In Sahayya Finserve To Scale Up Retail Lending

As part of its strategy to build new growth engines, Karur Vysya Bank (KVB) has invested ₹29.68 crore in Sahayya Finserve Pvt Ltd, an RBI-registered non-banking financial company (NBFC) engaged in affordable housing finance and loan-against-property financing. The investment gives the bank a 16.4% equity stake in the NBFC and is expected to strengthen KVB’s […]

CW Bureau · Aug 6, 2026

BANKING & FINANCE Retail Deposits, Diversified Lending To Boost Bandhan Bank’s Growth: MD

Bandhan Bank has outlined a clear roadmap to strengthen its retail deposit franchise, expand its diversified loan portfolio, improve asset quality and accelerate technology-led transformation, as it pursues sustainable growth under its Bandhan Bank 2.0 strategy. In his message to shareholders in the bank’s Annual Report 2026, Managing Director and Chief Executive Officer Partha Pratim […]

CW Bureau · Jul 31, 2026

BANKING & FINANCE Federal Bank Charts Next Phase With Credit Cards, Wealth Management

Kerala-based private sector lender Federal Bank is sharpening its focus on the mass affluent segment by expanding its credit card business, wealth management offerings and specialised lending portfolio, as part of a broader strategy to emerge as one of India’s leading private sector banks. In his message to shareholders in the bank’s Annual Report 2026, […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE CSB Bank’s Diversification Strategy Eyes Balanced Loan Book By 2030

Private sector lender CSB Bank is accelerating its transformation into a diversified, pan-India bank by expanding its retail, wholesale and MSME portfolios, while gold loans will continue to remain a key pillar providing stability and liquidity. The Kerala-headquartered bank is  investing heavily in technology and distribution under its long-term SBS 2030 strategy. In his message […]

Sajan C Kumar · Jul 28, 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

BANKING & FINANCE RBI Approves Mahesh Muralidhar Pai As MD & CEO Of South Indian Bank

The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director & Chief Executive Officer of South Indian Bank for a period of three years, effective October 1, 2026. Pai, 50, brings nearly three decades of banking experience spanning governance, strategy, treasury, foreign exchange, retail banking, agriculture finance […]

CW Bureau · Jul 8, 2026

BANKING & FINANCE Karur Vysya Bank Expects Its Credit Growth Above Industry Level In FY27

The Karur Vysya Bank Ltd expects its credit growth to outpace industry growth by 1-2% during FY27 despite global macroeconomic uncertainties, geopolitical tensions and pressure on margins. The bank expects slippages to remain below 1% of the asset book during FY27, while liquidity coverage ratio (LCR) is projected to remain in the range of 115-120%. […]

CW Bureau · May 13, 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

STARTUP/TECHNOLOGY Meesho Pumps ₹100 Cr Into FinTech Subsidiary To Bolster Payments Flow

Meesho Ltd, a leading e-commerce marketplace, is infusing ₹100 crore into its subsidiary, Meesho Payments Pvt Ltd (MPPL), through a rights issue or further capital issuance in one or more tranches. The board of directors has approved the fund infusion, underlining the company’s continued focus on strengthening its fintech capabilities alongside its core commerce operations. […]

CW Bureau · May 6, 2026