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- 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.
- Bhartiya Samruddhi Finance fears default, seeks RBI lifelineBhartiya Samruddhi Finance, the 2nd biggest micro lender for the poor, is headed to RBI to have its loans restructured to avoid a possible ...
- Bhartiya Samruddhi Finance wants to convert loans into preference sharesBasix arm Samruddhi Finance also seeks Rs 700 cr of fresh funds from its lenders to secure an immediate line of credit.
- Basix gets Rs 350-cr lifeline from lendersPart of this will be fresh capital while the rest will involve a conversion of debt into preference shares, a form of equity.
- 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...
- 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...
- BSFL's promoter to buy-back 2.8 pc stake from ICICI BankBhartiya Samruddhi Finance's (BSFL) promoter, BASIX Microfinance, plans to buy back 2.8 per cent stake from private sector lender, ICICI Ba...
Load More- Basix gets Rs 350-cr lifeline from lenders
