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

BANKING & FINANCE TVS Venu Entity Home Credit To Buy Varthana Finance In All-Cash Deal

Home Credit India, part of the TVS Venu Group, has signed an agreement to acquire 100% equity stake in Varthana Finance Pvt Ltd through an all-cash transaction, marking its entry into the specialised education finance segment. The proposed acquisition is part of TVS Venu’s long-term strategy to build and scale high-quality financial services businesses catering […]

CW Bureau · Jul 15, 2026

BANKING & FINANCE Tata Capital Buys 89% In Yogloans For ₹318 Cr, Enters Gold Loan Space

Tata Capital Ltd (TCL), the flagship financial services company of the Tata Group, has approved the acquisition of a majority stake in Kerala-based Yogakshemam Loans Ltd (Yogloans), marking its entry into India’s fast-growing gold loan segment. The proposed all-cash transaction will see Tata Capital acquire approximately 88.6% of the issued and paid-up share capital of […]

CW Bureau · Jul 13, 2026

INFRASTRUCTURE Bharti Airtel Bets On AI, Cloud And Data Centres To Drive Growth

Bharti Airtel Ltd., one of India’s leading telecommunications and digital services provider, is strengthening its presence in financial services, data centres and cloud computing as part of its strategy to build new growth engines beyond telecom, said Chairman Sunil Bharti Mittal. In his letter to shareholders, Mittal said Airtel’s calibrated investments over the past few […]

CW Team · Jul 12, 2026

BANKING & FINANCE Cholamandalam Finance To Expand AI Use Across Business Operations

Cholamandalam Investment and Finance Company Ltd. (Chola) is exploring artificial intelligence (AI)-led interventions in its collections business and plans to extend the technology to sales and credit functions with a strong focus on governance and accountability. In his message to shareholders, Executive Chairman Vellayan Subbiah said technology continued to be a key enabler across customer […]

CW Bureau · Jul 7, 2026

BANKING & FINANCE Paisalo Promoters Raise Stake To 46.72%, Back AI-Led Growth Strategy

Paisalo Digital Ltd said its promoters have increased their shareholding by 4.97% through open-market purchases, taking their stake to 46.72% in Q1 of FY27 against 41.75% in FY26. Promoter holding has risen steadily from around 26% in FY19 to about 37% in FY25, 41.75% in FY26 and 46.72% in Q1FY27, reflecting continued confidence in the […]

CW Bureau · Jul 1, 2026

BANKING & FINANCE Manba Finance Enters South India Through Nammaloan Partnership

Manba Finance Ltd, Mumbai-based vehicle and retail financing NBFC, has entered the South Indian market through a strategic partnership with Sreesastha (Nammaloan), marking a significant step in the Mumbai-based non-banking finance company’s national expansion strategy. The partnership will initially focus on Karnataka, followed by an entry into Tamil Nadu during the current financial year, with […]

CW Bureau · Jun 16, 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