Indian Bank CEO Binod Kumar says India’s development will likely push interest rates higher, while net interest margins thin. To meet regulatory Expected Credit Loss norms, the bank plans to raise capital and build a wealth management business. It also targets faster retail and MSME loan growth, arguing that bank consolidation could help achieve global scale.
UCO Bank’s CEO Ashwani Kumar said the bank is not seeing stress in its MSME loan portfolio despite global shocks like US tariffs and the Iran war. He pointed to improving loan quality, noting that MSME special mention accounts with exposure of ₹1 crore and above fell to 1.05% of the MSME loan book in March, down from ₹582 crore in December.
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MSME-focused NBFC Aye Finance reported a sharp rebound in Q4 FY26, with net profit rising 111% year-on-year to ₹85.9 crore. Sequentially, profit climbed 102% from the previous quarter. Operating revenue increased 29% YoY to ₹528.4 crore, while total income reached ₹545.3 crore. Full-year PAT grew 13% to ₹193.6 crore.
Axis Finance has raised Rs 750 crore from Kedaara Capital through a preferential issuance, adding to a recent Rs 1,500 crore infusion from Axis Bank. The company says the capital will strengthen its financial base and support expansion across retail, MSME and wholesale lending. Axis Finance’s business also grew 22% to Rs 47,692 crore.
UGRO Capital has stopped originating new loans in its low-yield, DSA-led book, marking a major shift toward profitability. The firm is cutting costs and exiting a model it says has offered thin margins, with an aim to lift yields and avoid future shareholder dilution. It plans to focus instead on MSME lending and merchant partnerships.
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