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

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

STARTUP/TECHNOLOGY Paisalo Digital BC Channel Crosses $1 Bn In Total Gross Transaction Value

NBFC firm Paisalo Digital Ltd’s Business Correspondent (BC) channel has crossed $1 billion in cumulative gross transaction value (GTV), marking a key milestone in its distribution franchise and last-mile delivery capabilities. The milestone highlights the growing scale of Paisalo’s BC ecosystem and the increasing customer engagement across the channel. BC network expands The company has […]

CW Bureau · Aug 10, 2026

BANKING & FINANCE Muthoot Finance Sets FY27 Priorities On Gold Loans, Diversification

Muthoot Finance Ltd, one of India’s leading gold financing companies, will focus on deepening its gold loan franchise while scaling non-gold lending businesses in FY27, with asset quality and capital adequacy remaining key priorities. “We will deepen the gold loan franchise and continue to acquire customers at pace. We will scale our non-gold lending lines, […]

CW Bureau · Aug 8, 2026

BANKING & FINANCE TVS Motor Buys 4.39% Stake Of TVS Credit For ₹711 Cr From Lucas-TVS

TVS Motor Company Ltd has increased its stake in subsidiary TVS Credit Services Ltd (TVS CS) to 85.15% by acquiring 4.39% equity from Lucas-TVS Ltd for an aggregate cash consideration of ₹711 crore. The transaction involved the acquisition of 1,13,37,297 equity shares of TVS Credit Services and was completed on July 27, 2026, the company […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Northern Arc Capital Q1 Profit Jumps 41% To ₹114 Cr On Loan Book Growth

Diversified financial services platform Northern Arc Capital Ltd reported a 41% year-on-year increase in its consolidated profit after tax (PAT) to ₹114 crore in the first quarter of FY27, driven by healthy growth in lending assets, higher net interest income and improving asset quality. The company’s net interest income (NII) rose 32% year-on-year to ₹394 […]

CW Bureau · Jul 27, 2026

GENERAL Sundaram Finance’s Key Whites Road Branch Marks 25 Years Of Service

Sundaram Finance has celebrated the 25th anniversary of its Chennai Whites Road Commercial Branch, highlighting the branch’s long-standing relationship with customers, employees and their families, while reaffirming its commitment to values-driven financial services. The milestone event recognised the contribution of customers, employees and their families in building the branch’s legacy over the past quarter century. […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Northern Arc Capital Banks On Tech, Retail Lending And Risk Management

Northern Arc Capital is gearing up for its next phase of growth by deepening its technology-led credit ecosystem, expanding its direct-to-customer lending business and exploring new opportunities in digital distribution and wealth management. In his message to shareholders in the company’s Annual Report 2026, Managing Director & CEO Ashish Mehrotra said the company’s long-term strategy […]

CW Bureau · Jul 26, 2026