Banking & NBFCs
India's banks and NBFCs, daily: credit growth, gold loans, microfinance, leadership changes and RBI actions, with what each one means for lending.
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Banking & NBFCs
HSBC Joins Global Private Equity Giants in Race for $1.8 Billion Stake in Nuvama Wealth
When a global banking powerhouse like HSBC enters a bidding war against the world’s largest private equity buyout funds for a 1.8 billion dollar stake, the race to dominate India’s wealth management market reaches an institutional fever pitch.
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Banking & NBFCs
NCLT Approves ₹6.5 Crore Resolution Plan for Subhash Chandra as Lenders Prepare NCLAT Appeal
When a tribunal approves a 6.5 crore rupee settlement against 22,000 crore rupees in admitted claims, the mechanics of promoter personal guarantees face their most consequential legal stress test.
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Banking & NBFCs
PNB Housing expects to cross Rs 1 lakh crore AUM in Q3 FY27: MD Ajai Shukla
PNB Housing Finance expects to cross the Rs 1 lakh crore assets under management (AUM) mark in Q3 FY27, with the lender retaining its 18-20 per cent growth guidance despite the impact of rate cuts on margins and balance transfers. The housi
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Banking & NBFCs
Svatantra Microfin: 88% of the book is microfinance as it files for a ₹3,000 crore IPO
India's second-largest NBFC-MFI filed its DRHP on 13 August with microfinance still 88.56% of a ₹23,818 crore book — the same concentration that saw two small finance banks turned back from universal licences.
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Banking & NBFCs
Five of Six Major NBFCs Expand Workforce in FY26 as Private Banks Rationalise Staff; Bajaj Finance Adds 46,000+
When five out of six major non-bank lenders expand headcount while top private banks trim ten thousand jobs, the credit delivery model splits into two opposing operating philosophies.
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Banking & NBFCs
L&T Finance Plans 500 New Gold Loan Branches in FY27; Aims to Triple Portfolio Share by 2031
The planned rollout will expand the company's dedicated gold loan footprint from 330 branches as of March 31, 2026, to over 830 branches by the end of the current fiscal year, accelerating its transition into a dominant secured retail lender.
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Banking & NBFCs
When a Wall Street titan commits ₹18,268 crore to back an Indian non-bank lender, global institutional conviction in India's retail credit story hits a new benchmark.
Bank of America and Jio Financial Services (JFSL) have signed a definitive agreement to form a strategic joint venture in Jio Credit Limited (JCL).
Banking & NBFCs
CBI court rejects Purvi Modi's video-conference plea in the PNB fraud case
"An accused cannot dictate the method or procedure of an investigation," the special court held — narrowing the room offshore accused have to negotiate remotely.
Banking & NBFCs
Shriram Finance breaks a six-month range to hit a record ₹1,153
The NBFC cleared the ₹1,100 resistance zone it had struggled against since February. Analysts see ₹1,280 ahead — if the breakout holds.
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