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

BANKING & FINANCE Shriram Finance Q1 Profit Zooms 60% As Lending Momentum Stays Strong

Shriram Finance Ltd has reported around 60% year-on-year jump in its standalone net profit in the June quarter, driven by strong growth in lending, higher net interest income and expansion of its loan portfolio. The non-banking financial company (NBFC) posted a profit after tax (PAT) of ₹3,444.56 crore for the first quarter ended June 30, […]

CW Bureau · Jul 24, 2026

BANKING & FINANCE Manba Finance Launches Battery Replacement Loans For E3Ws

Manba Finance Ltd, a non-banking financial company (NBFC) focused on vehicle financing, has launched a Battery Replacement Financing product to provide loans for purchasing new lithium-ion batteries for electric three-wheelers, including e-rickshaws and e-carts. The company said the new offering will enable customers to replace batteries when required through affordable, small-ticket, short-tenure loans, helping them […]

CW Bureau · Jul 22, 2026

BANKING & FINANCE Cholamandalam Investment To Get ₹1,425-Cr IFC Fund For CV Financing

The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has proposed an investment of up to ₹1,425 crore (around $150 million) in securitised assets of Cholamandalam Investment and Finance Company Ltd (Chola) to expand credit access for micro, small and medium enterprises (MSMEs), particularly in rural and semi-urban India. […]

CW Bureau · Jul 21, 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 Tata Capital Raises $400 Mn Via 3.5 Year Fixed Rate Sr. Unsecured Bond

Tata Capital Ltd, one of India’s largest diversified non-banking financial companies (NBFCs), has raised $400 million through a 3.5-year Fixed Rate Senior Unsecured Reg S Bond. The fund raise will diversify the company’s funding sources. It will also strengthen its access to international capital markets. Issue oversubscribed The transaction was priced at UST +107 basis […]

CW Bureau · Jul 15, 2026