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DISHA MICROFIN
AU Small Finance Bank to acquire Fincare Small Finance Bank in share dealAs per the agreement between the two, shareholders of Fincare Small Finance Bank shall receive 579 equity shares of AU Small Finance Bank f...
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...
Fincare SFB, Kookmin Bank get included into second schedule of RBI ActFincare Small Finance Bank and Kookmin Bank have been included in the second schedule of the Reserve Bank of India Act, according to RBI no...
Fincare SFB aims at Rs 12,500 cr loan book by FY21The bank, which launched operations in May 2017, is also aspiring to build a deposit base of Rs 7,000-8,000 crore over the next three finan...
Disha Microfin receives final licence to set up small finance bankThe small finance bank will be called Fincare Small Finance Bank, and will commence operations in July this year.
At least 3 small finance banks yet to start operationsRGVN Microfinance has received the final licence from RBIto set up a small finance bank and likely to start operations soon, Disha Microfin...
Crisis looms over south’s microfinance sectorThere are repayment concerns also in some smaller pockets of Tamil Nadu, said sources.
TA Associates, LeapFrog lead Rs 500 crore funding in FincareAs many as $1 billion has been infused into financial services companies that has got small bank licenses over the last 12-18 months, indus...
ESAF Microfinance to raise Rs 650 crore before small finance bank launchESAF will officially launch small finance bank operation on March 17 after a week’s of trail run starting from March 10.
ESAF Microfinance seeks final nod for small finance bankThe company is planning to launch operations in 60 days after it gets a final go ahead from the Central Bank.
Disha Microfin to acquire Future Financial ServicesThe small banks are considered to play a key role in lending to small businesses and farmers, who generally find it difficult to have acces...
CDC Group invests Rs 330cr in Janalakshmi Financial ServicesThe capital will provide for the Tier II capital of the lender and help the newly selected small bank aspirant to roll out its services.
Disha Microfin, Future Financial to merge before starting bankDisha is one of the 10 companies that have received licences to set up small finance banks. These entities have 18 months to comply with th...
Promoters look to sell home finance business of AU Financiers for up to Rs 1,000 croreThe company, that has a Rs 800-crore home loan portfolio, will be sold to either financial or strategic investors, as Axis Capital has been...
SKS Micro, Dewan Housing crack up to 20% on bank licence setbackSKS Microfinance cracked 20 per cent to hit a low of Rs 360.60 on NSE. On BSE, the stock fell 16.65 per cent to hit a low of Rs 376.65.
No licence! Banking aspirants SKS Micro, Diwan Housing may underperform market in short termThe 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by thr...
IFMR Capital structures Rs 98-crore debt from 11 Mutual Fund InstitutionsIFMR Capital today said it has structured the first CBO (collateral bond obligation) deal in the micro-lending space in the country.
Small microfinance institutions expect turnaround on renewed investor interestThe first four months of the year have already seen a number of mid-sized micro-lenders raising new rounds of equity and debt financing.
- MFIs team up to bundle micro loans to raise Rs 52 cr
In a first of its kind, seven microfinance lenders have come together to raise Rs 52 crore by bundling thousands of micro loans.
- Recent fund mop-up success signals better days for MFIs
Bhartiya Samruddhi Finance’s Rs 100 crore and ESAF Microfinance’s Rs 40-crore debt raising from state-owned banks in the past few days have...