Finance

In a strategic move to strengthen digital financial inclusion, L&T Finance has partnered with Google Pay to offer personal loans through the fintech giant’s platform. The initiative reflects the growing convergence between traditional financial institutions and digital payment ecosystems, aiming to reach a broader customer base with quick, paperless lending solutions. By leveraging Google Pay’s expansive user network and L&T Finance’s expertise in credit delivery, the partnership seeks to simplify access to credit, particularly for young professionals and small-business owners.

Honda Finance India has intensified its focus on retail sales financing, responding to the rising demand for automobiles across urban and semi-urban markets. By offering tailored financial solutions, including competitive interest rates, flexible repayment plans, and quick loan approvals, the company aims to enhance vehicle accessibility and drive customer loyalty. This initiative reflects Honda Finance India’s strategic emphasis on expanding its lending portfolio while supporting the broader growth of the Indian automotive sector.

Muthoot Finance Ltd. shares surged after the company reported a sharp rise in first-quarter earnings, driven by higher loan disbursements and healthy margins in its gold loan business. The non-banking financial company (NBFC) posted a notable year-on-year increase in net profit, supported by strong demand for secured lending amid volatile market conditions. Management attributed the growth to strategic expansion, efficient cost management, and a sustained uptick in average loan ticket sizes.

The initial public offering of Laxmi India Finance was subscribed 1.85 times, indicating a healthy appetite from investors, particularly within the retail and non-institutional categories. The Jaipur-based non-banking financial company (NBFC), focused on vehicle loans and small-ticket financing, launched its public issue with the aim of strengthening its capital base and supporting future growth plans. The IPO’s solid subscription performance suggests investor confidence in the company’s regional footprint, lending model, and its focus on underbanked segments.

Reliance Infrastructure Ltd (RInfra), a key player in India’s engineering and infrastructure landscape, has announced plans to raise up to Rs. 9,000 crore through a combination of equity and debt instruments. This ambitious capital raising initiative aims to significantly reduce existing liabilities and provide fresh impetus to the company’s infrastructure and energy ventures. By strengthening its financial position, RInfra seeks to navigate sectoral challenges, tap into emerging opportunities, and reinforce investor confidence.

In a move underscoring its rigorous oversight of India’s financial system, the Reserve Bank of India has imposed fines on two prominent players—HDFC Bank and Shriram Finance—citing lapses in regulatory compliance. These penalties, while modest relative to the institutions’ balance sheets, reflect the central bank’s sharpened scrutiny of governance practices across the sector.

Sipan Kumar Garg has officially taken charge as Director (Finance) of SJVN Limited, a significant move that underscores the company’s commitment to reinforcing its financial leadership amid ambitious expansion plans. Garg’s appointment is set to play a pivotal role in steering SJVN’s financial strategy, capital management, and governance as it accelerates its renewable and hydroelectric power projects.

Muthoot FinCorp Ltd, a leading gold loan financier, announced a Rs 290 crore fund-raising initiative through secured and redeemable non-convertible debentures (NCDs). The tranche VI NCD issue, open for subscription until July 17, 2025, offers flexible tenure options ranging from 24 to 72 months and various interest payout modes, with effective yields between 9.2% and 9.8% per annum.