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BASIX GROUP
BASIX Sub-K raises Rs 350 million from Accion and Nordic Microfinance InitiativeFounded in 2010, Basix Sub-K iTransactions Ltd., is a associate company of BASIX Social Enterprise Group.- Ex-Google CIO Douglas Merrill just raised $150 million to power a service launched three months agoIt was only about three months ago when ZestFinance, the online lending startup founded by ex-Google CIO Douglas Merrill, launched a new lo...
- Sundaram Alliance insurance ties up for Common Service CentresAimed at benefiting rural customers, city-based Royal Sundaram Alliance Insurance Company has launched Common Service Centres in associatio...
- BSFL and Royal Sundaram launch online sale of health insurance productThe technological advancement aims to provide customer convenience, and encourage better adoption of insurance products in rural areas.
- Basix Group looking to expand Africa footprintOne of India’s oldest microfinance institutions is heading to Africa to try and spread its risks because of the troubles the sector is faci...
- 'Basix may transform to fin services firm if CDR not approved'Basix Microfinance may transform itself into a financial services offering company if the debt restructuring plan that it has proposed to b...
- Basix seeks Rs 800 cr CDR, Rs 500 cr in fresh fundingBasix said that it has formally approached its principal lender Sidbi with an Rs 800-cr debt recast proposal and expects the plan to be rea...
- To look for overseas investors if banks don't lend soon: Leading microfinance firm BasixBasix, which is facing a huge debt crisis, said it will wait till the middle of the month for an urgent Rs 450-crore funding from banks
- Banks should remember that 80 percent of the money at stake is theirs: Vijay Mahajan, BasixIn a telephonic interview to M Rajshekhar yesterday, Vijay Mahajan, founder, Basix talks about the microlender's struggles to survive and e...
- MFIs witness talent drain; find it tough to retain senior professionalsWith RBI, government and banks tightening the noose, MFIs are finding it tough to offer attractive salaries. The sector, which once attract...
- How to fix flaws in the present microfinance modelThe flaws in the present microfinance model stand exposed. The next model will weave microfinance around livelihoods, and it's gaining trac...
- AP govt mulls law to regulate MFI interest ratesThe Andhra Pradesh government is mulling to put a cap on the interest rates charged by the microfinance companies through a new law, a top ...
- Bhartiya Samruddhi Finance to raise up to Rs 250 cr from PEsMicrofinance major BASIX Group's flagship company Bhartiya Samruddhi Finance Ltd today said it will raise up to Rs 250 crore by selling sta...
- Matrix invests Rs 100 cr in BasixMICRO finance group, Basix, has raised Rs 118 crore by placing equity shares with private equity investor Matrix Partners and few other inv...
- Basix eyes Africa for global reachVijay Mahajan-promoted microfinance firm Basix is planning to expand its international operations. The company recently forayed into Papua ...
- UTI to offer micro-pension product to poorUTI Asset Management Company and Invest India Micro Pension Services (IIMPS) on Wednesday announced plans to take the UTI-Retirement Benefi...
- Bottom that is climbing upMicrofinance can help those who can’t find work under NREGS. Today, over 50 million poor households in India are getting microcredit.
- Global investors line up for microfinance pieGrameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kin...
- Micro-finance firms turn into delivery boysFuelled by private equity investment and expansion, many of these entities are looking at reaching as many as five million people each in t...
- Microcredit catching up with peopleBanks and micro-finance institutions (MFIs) are now offering credit to community-based projects like provision of clean water, common energ...
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