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Fintech firm BASIX Sub-K raises Rs 75 croreSub-K facilitates affordable financial services to more than 3 million under-banked households and micro-enterprises across the country.- 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...
- 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...
- Rupee seen in 49.20-50.25 band: KN Dey, Basix ForexThe Dec IIP numbers, its lowest since mid-2009, were also disappointing. This week, the rupee is likely to trade between 49.20 and 50.25.
- 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
- 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.
- 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...
- Basix, Aviva to launch automated microinsurance policy processBhartiya Samruddhi Finance and a leading insurance provider Aviva have launched an automated retail microinsurance policy process.
- Basix Microfinance reworks business plan, to share network for FundsLack of regulatory clarity and unfavourable business climate in Andhra Pradesh have forced Basix Microfinance to redesign its business mode...
- MFI Basix boss, Vijay Mahajan goes on 12-state padyatraBasix chief goes on padyatra across 12 states to check ground reality as MFIs struggle to retain pro-poor image.
- 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...
- 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...
- Peace accord may be in works at SKSVijay Mahajan, the founder of Basix, a leading microfinance company, and a respected industry veteran, said he does not want to intermediat...
- 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 ...
- Citi ties up with SKS, BasixMFIs are working out credit arrangements with banks to sell their acquired portfolios to spruce up capital base.
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