BANKING & FINANCE Saarathi Finance Appoints Alok Aggarwal As President & Group Head

Saarathi Finance, a non-banking financial company (NBFC) focused on expanding credit access for emerging business segments, particularly micro, small and medium enterprises (MSMEs), has appointed Alok Aggarwal as President and Group Head. Aggarwal brings more than 25 years of experience across banking, housing finance and retail lending. He has a track record of building and […]

CW Bureau · Nov 4, 2026

BANKING & FINANCE TVS Holdings Pumps ₹484 Cr Into Home Credit, Raises Stake To 74.45%

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, has increased its stake in Home Credit India Finance Pvt Ltd (HCIFPL) to 74.45% following an additional investment of ₹483.91 crore through a rights issue. The company was allotted 12,55,26,842 equity shares of ₹10 each at an issue price of ₹38.55 a share. Investment supports growth plans […]

CW Bureau · Nov 2, 2026

BANKING & FINANCE Equitas SFB CEO Vasudevan Resigns Amid Conflict-Of-Interest Concerns

P N Vasudevan, Managing Director and Chief Executive Officer of Equitas Small Finance Bank, has resigned from his position, citing persistent concerns among investors over a perceived conflict of interest arising from his daughter’s association with a non-banking financial company (NBFC). The bank, in a regulatory communication on Thursday, said it had received a letter […]

CW Bureau · Oct 29, 2026

AUTO TVS Motor To Demerge Consumer Finance Into Separate Holding Co

TVS Motor Company will demerge its consumer finance and related businesses into a separate holding company, enabling shareholders to participate in the future growth of both the automotive and financial services businesses. The company’s board of directors has approved a composite scheme of arrangement under which existing shareholders will receive an equal number of shares […]

CW Bureau · Oct 28, 2026

STARTUP/TECHNOLOGY Astranova Mobility Subsidiary Gets RBI Licence, Eyes ₹5,000-Cr Assets

Astranova Mobility, an electric vehicle financing and asset-management platform, has secured Reserve Bank of India (RBI) approval for its lending subsidiary, NovaFusion Capital, to operate as a non-banking financial company (NBFC). The licence was secured within 90 days, marking a step towards building a dedicated climate-financing platform. Astranova aims to achieve ₹5,000 crore in assets […]

CW Bureau · Oct 15, 2026

BANKING & FINANCE Bajaj Finserv To Invest ₹5,800 Cr In Bajaj Finance Convertible Warrants

Bajaj Finserv Ltd, the financial services arm of the Bajaj Group, has approved the subscription to warrants convertible into an equivalent number of equity shares of its subsidiary Bajaj Finance Ltd for an aggregate cash consideration of ₹5,800 crore. The subscription will be made through a preferential allotment on a private placement basis. Bajaj Finserv […]

CW Bureau · Oct 2, 2026

GENERAL Tata Trusts Proposes Tata Sons Regrouping With TESS & TCE Merger

Tata Trusts, which holds a 66% stake in Tata Sons has proposed a strategic reorganisation of the holding company that would involve the merger of Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons. According to Tata Trusts, the proposed restructuring is aimed at ensuring that the resulting entity […]

CW Bureau · Sep 28, 2026

BANKING & FINANCE Shriram General Insurance Pact With SK Finance To Boost Insurance Reach

Shriram General Insurance Company (SGIC) has entered into a strategic corporate agency partnership with SK Finance Ltd, a 31-year-old non-banking financial company (NBFC), to expand access to general insurance solutions across key markets. Under the partnership, SGIC will offer its portfolio of general insurance products through SK Finance’s network of more than 700 branches and […]

CW Bureau · Sep 8, 2026

BANKING & FINANCE Capri Global Capital Raises $300 Mn Through Debut Dollar Bond Issue

Capri Global Capital Ltd, a non-banking financial company, has completed its first US dollar bond issuance, raising $300 million through Senior Secured Notes maturing in 2029. The bonds carry a coupon of 7.55% a year. The issue was oversubscribed by more than 2.3 times, with the order book exceeding $700 million. Issue attracts global investors […]

CW Bureau · Sep 2, 2026

BANKING & FINANCE Hyundai Capital Services Set To Start Financial Operations In India

Hyundai Capital Services is commencing financial operations in India, one of the world’s three largest automotive markets, marking the company’s entry into the country’s vehicle financing sector. Hyundai Capital India (HCIN) is the company’s 14th financial entity and an independent, stand-alone entity fully owned and operated by Hyundai Capital Services. From consulting to financial services […]

CW Bureau · Aug 31, 2026

BANKING & FINANCE Muthoot Finance To Merge Wholly Owned Subsidiary Muthoot Money

Muthoot Finance Ltd has approved a scheme of amalgamation with its wholly owned subsidiary Muthoot Money Ltd (MML), as part of a group-wide consolidation exercise. MML is a non-deposit taking NBFC classified under the middle layer, while Muthoot Finance is an upper-layer NBFC. Both companies are primarily engaged in the gold loan business. Scheme requires […]

CW Bureau · Aug 31, 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