Motilal Oswal Alternate Investment Advisors is seeking regulatory approval to launch its first private credit fund, aiming to raise up to 30 billion rupees. The fund, expected to begin fundraising in 2026, will primarily target mid-sized companies needing growth capital or facing special situations. This move signifies Motilal’s entry into India’s increasingly competitive private credit landscape.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.