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BENGALURU BASED MICROFINANCE
Goldman Sachs downgrades CreditAccess Grameen to sell, stock down 12%CreditAccess Grameen shares fell 11.8% after Goldman Sachs downgraded the stock, citing asset quality stress and risks related to over-leve...- NCLT approves merger of Slice and North East Small Finance BankPost-merger, Slice which provides prepaid wallets and UPI-based products will look to offer technology-backed financial services to the las...
- CreditAccess Grameen reports Rs 96 crore profit in Q1The MFI has further expanded its presence in Rajasthan and Gujarat in July.
- Sachin Bansal invests Rs 25 cr in Chaitanya India FinanceAs per filings, Bansal has been allotted 250 shares of the company, each with a face value of Rs 10 lakh, as unrated non-convertible debent...
- Fincare Small Finance Bank plans Rs 1,200 crore IPO, hires bankersAs per central bank norms, SFBs need to have a holding company as a promoter and the bank to be listed in three years of commencement of op...
- Sachin Bansal in talks to put microfinance firm in cart, may become chief executiveSachin Bansal is expected to buy up to 75% stake in Chaitanya Rural Intermediation Development Services.
- Muthoot Microfin to raise Rs 1,000 crore via IPOMuthoot Microfin is a wholly-owned subsidiary of Muthoot FinCorp.
- Chaitanya Microfinance raises Rs 33 crore through NCD issueThe Bengaluru-based microfinance institution currently operates across Karnataka, Maharashtra and Bihar.
- Investors bet on MFIs despite headwindsIFC’s investment is likely to be completed in a week’s time.
- International Finance Corporation to invest Rs 135 crore in Grameen KootaIFC’s investment is likely to be completed in a week’s time, Grameen Koota Managing Director Udaya Kumar told ET.
- Bandhan Bank cuts micro loan rates by 60 bpsThe bank said it s committed to pass on the benefit of lower cost of resources to its customers at the bottom of the pyramid.
- Smaller MFIs breaking shackles to chase bigger dreamsOverseas investors have been more keen to put their monies in Indian microfinance story but local players are now getting into the groove a...
- Axis Bank forays into urban microfinance segmentThe lender plans to commence urban microfinance operations in 85 branches across Bengaluru, Chennai, Kolkata and Mumbai, in addition to Pun...
- BSS Micro Finance calls off deal talks with Essel Finance"Any talks BSS micro finance may have had with Essel group for possible investment have been terminated," said a BSS Micro Finance spokespe...
- Essel Finance in talks to buy BSS MicrofinanceBSS Microfinance, founded by Bengaluru born gastroenterologist Ramesh Bellamkonda, is a non-deposit taking non-banking financial company.
- Zephyr Peacock, Omidyar Network invest Rs 100 crore in Swarna PragatiPrivate equity funds Zephyr Peacock and Omidyar Network have picked up about 15 % stake in housing microfinance firm Swarna Pragati for abo...
- Ujjivan Financial Services plans to raise Rs 500 crore via NCDs in FY16Microfinance lender Ujjivan Financial Services today said it is planning to raise Rs 500 crore this fiscal through non-convertible debentur...
- Artoo IT Solutions raises Rs 3.1 crore Series A funds from Accion Venture Lab, Artha InitiativeThe company plans to use this funding to hire more people in order to expand to South East Asia, starting with the Philippines by the end o...
- Britain's CDC invests $48 million in Narayana HrudayalayaNarayana Hrudayalaya will use funds to expand affordable treatment in Eastern, Central and Western regions of the country.
- Ujjivan Financial gets Rs 600 crore in biggest microfinance dealBengaluru-based Ujjivan, founded by former Citibanker Samit Ghosh, is a microfinance lender serving urban poor through a network of over 40...
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