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BANK OF MADURA
PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...- CreditAccess, Suryoday post double-digit loan growth in DecemberIt disbursed Rs 1,485 crore in the months of December, higher than Rs 1,237 crore loan given in the preceding month.
- CreditAccess Grameen to acquire Madura MicrofinanceThe transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.
- MFIs with Rs 3000 crore loans on Federal Bank radar for acquisitionMicrofinance business has gained stability, setting aside the funding woes with banks backing micro lenders.
- Race intensifies for Madura MicrofinSources said that Madura had a few other suitors including a mid-sized MFI.
- More suitors join race to acquire Madura MicrofinanceMadura Microfinance was founded by late banker-turned-entrepreneur KM Thiagarajan and is now run by his non-resident Indian, neuro scientis...
- Federal Bank looks to acquire Madura MicrofinanceThe deal is expected to be partly in share-swap, and partly in cash for the micro lender backed by private equity firm Elevar Equity Maurit...
- Now buy Railway tickets on IRCTC directly through SBI BuddyNow customers can buy tickets online at IRCTC through SBI Buddy and even use Buddy to make payments at Madura fashion’s 1,200 retail outlet...
- Kedaara in talks to buy up to 30% in Madura MicroAvendus Capital has been mandated to run a formal process, sources said. The funds would be used for expanding the loan book and widening r...
- Paytm ropes in former Amazon India executive Vikas Purohit to lead payments businessPurohit, an IIM-Bangalore alumnus who till recently headed the fashion and lifestyle category at Amazon, joins Paytm as VP.
- Birla consolidates garment biz to form a Rs 5,290-cr entity with 1,869 exclusive storesThe move will create India's largest pure-play fashion firm with a strong bouquet of leading brands, group chairman KM Birla said.
- Aditya Birla Group shortlists PEs for Rs Rs 2,400 crore retail company stakeBirla will raise $200 million each from two investors, which values the new retail company at $2.2 billion (Rs 13,000 crore) in enterprise ...
- Retail biggies like Madura Fashion & Lifestyle, DLF Brands, Reliance Brands log on to e-fashionAditya Birla group’s Madura, which owns brands like Louis Philippe & Allen Solly, has just gone live with an e-commerce project trendin.com...
- ICICI Bank keen on local buysICICI Bank, the nation’s second largest, is keen to acquire more local banks to expand in booming smaller towns in India.
- BoR staff to get 2-stage wage hike in exchange for ICICI termsICICI Bank has completed the integration of employees of the erstwhile Bank of Rajasthan with its own workforce within 30 days of getting o...
- RBI approves merger of BOR with ICICIIn May, both the banks agreed for the amalgamation and after getting the shareholders' approval moved RBI on June 25 for approval of the sc...
- ICICI open to domestic acquisition; rules out overseasIndia's largest private sector lender ICICI Bank today ruled out overseas acquisitions, but said it is open to buying local banks to increa...
- Madura Micro Finance aims to turn SHG women into corporate ladiesMadura Micro Finance to scale operations via new initiatives motivating more women to join the stream through a feature film based on the t...
- AVB reviews garment export, rules out saleAditya Birla Nuvo is reviewing its garment export operations parked with wholly-owned subsidiary Madura Garments Exports Ltd (MGEL), as the...
- Staff issues key for ICICI in Sangli buyICICI Bank’s planned acquisition of Sangli Bank is yet another example of how market forces lead to consolidation in the banking sector.
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