CCI clears JM Financial's 43 pc stake buy in JM Fin Credit SolutionsThe Competition Commission of India approved JM Financial's acquisition of a 43 percent stake in JM Financial Credit Solutions. JM Financia...
KM Birla's daughter Ananya takes a break from her music gig to devote energy to businessAnanya Birla, founder of Svatantra Microfin, pauses her music career to prioritize business endeavors. Daughter of Aditya Birla Group's cha...
Sachin Bansal’s fintech Navi in talks to raise new funding at $2 billion valuation: sourcesThe $2-billion valuation Navi is seeking is lower than the previous funding discussions it had with investors. These discussions also come ...
Advent International & Multiples to invest Rs 1,930 cr in Ananya Birla’s Svatantra MicrofinSvatantra Microfin, led by Ananya Birla, raised Rs 1,930 crore from Advent International and Multiples Private Equity. It has a business se...
PE cos Advent, Multiples to invest Rs 1,930 crore in Ananya Birla’s Svatantra MicrofinAdvent International and Multiples to invest INR 1,930 Crores or $230M in Ananya Birla’s Svatantra Microfin, marking the largest private eq...
Svatantra Microfin completes acquisition of Chaitanya India Fin CreditSvatantra Microfin has completed the acquisition of Navi Group's subsidiary, Chaitanya India Fin Credit, making it the second largest NBFC-...
Ananya Birla-founded Svatantra Microfin to acquire Sachin Bansal’s Chaitanya India Fin for Rs 1,479 crSvatantra Microfin Private Limited will be acquiring Sachin Bansal's Navi Group's subsidiary Chaitanya India Fin Credit Private Limited for...
Sequoia delays close of $2.8B fund amid probes; RBI dents Sachin Bansal’s banking dreamsThe storied venture capital firm has told its limited partners it has decided to postpone the close of its $2.8-billion India and Southeast...
Not the end of the road, says Sachin Bansal, after RBI denies banking permitThe RBI on Tuesday evening said it found Chaitanya India Fin Credit to be unsuitable for an ‘on tap’ banking licence. In total, the central...
Sachin Bansal firm denied banking licence; Musk warns Twitter deal dead without fake-accounts proofIn total, the central bank rejected six of the 11 applications it received. Of the six, four applications were for universal bank licences ...
RBI releases names of applicants under ‘on tap’ Licensing of Universal BanksVSoft Technologies, Calicut City Service Co-operative Bank and Dvara Kshetriya Gramin Financial Services have applied for a small finance b...
IFC eyes 4.5% in Navi Tech for $30 mnNavi Technologies is in the process of acquiring 100% stake in microfinance company Chaitanya Rural Intermediation Development Services Pri...
Sachin Bansal's Chaitanya India Fin Credit applies for universal banking licenseThe Reserve Bank, which is very selective about who enters the banking fray, had earlier made universal bank licenses available on tap. If ...
Vivriti Capital appoints Namrata Kaul, Srinivasan Sridhar as independent directors to its boardKaul has served as the Managing Director, Corporate and Investment Banking at Deutsche Bank AG.
ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEsIt is the first-of-its-kind programme by a bank and an NBFC, ICICI said, adding the loans of up to Rs 1 crore is for a tenure of 15 years p...
Manoj Dengla leaves Carlyle to join Arpwood PartnersAt Carlyle, Dengla anchored all its investments in financial services including HDFC, IIFL, PNB Housing Finance and SBI Cards.
Arpwood Partners buys Karvy's small business loans for $200 millionWhile Arpwood will bring in around $40 mn to the deal, one of its LPs, Chandler Corporation, will bring in the remaining, said 3 persons fa...