Management rejig at IFMR, two executives call it quitsIFMR CFO confirmed that he resigned from IFMR Capital, and was currently serving his notice period with the organisation. He, however, decl...
IFMR Holdings raises Rs 163 crore from Accion, LeapFrog, Lok CapIFMR Holdings has raised $25 million (aboutRs 163 crore) from investment firms, the Chennai-based financial inclusion platform’s first roun...
IFMR Holdings raises $25 mn from Accion, LeapFrog & Lok CapitalIFMR Holdings said it has raised $25 million (about Rs 163 crore) in equity from Accion, LeapFrog Investments and Lok Capital.
IFMR Investment Managers launches fund for MFIsChennai-based IFMR Investment Managers today launched a fund to provide long-term debt funding to high-quality microfinance institutions.
Leapfrog invests $29 million in IFMR Capital FinanceUS-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for $29 million (Rs 174 crore).
Sundaram Infotech bags big contract from IFMR CapitalSundaram Infotech, the IT subsidiary of non-banking finance company Sundaram Finance, has bagged one of its biggest deals in the domestic m...
- CDC plans to grow debt portfolio in India
The British agency, which aims to invest $1 billion (Rs 5,500 crore) in India over the next five years, will pick a mix of direct debt and ...
- CDC recasts strategy; to invest more in debt fund
The British agency, which aims to invest $1 bn in India over the next five years, will pick a mix of direct debt and equity-linked instrume...
- Nachiket Mor's MFI different from others: Ex-Starbucks executive, VP Deidra Wager
Wager was on the plane to India for the first time ever after failing to convince Mor that she knew nothing about financial services.
- Liquidity affected by MFI crisis: Bindu Ananth, President, IFMR Trust
IFMR Trust, a private trust with an initial corpus raised through long-term borrowings from ICICI Bank, was set up in 2008 and has backed a...
- 'Inclusive growth a ripe biz model'
Bindu Ananth is President, IFMR Trust lists the factors involved in building a business around financial inclusion.
- The Local Touch: Financial inclusion in Pudhuaaru, Thanjavur
Banks have failed to provide that kind of access. According to the RBI, 292 of 626 districts were underbanked.
- Equitas securitisation deal with ICICI Prudential MF
ICICI Prudential Mutual fund has invested Rs 48.12 crore in Chennai-based Equitas Micro Finance through a securitisation deal with the MFI.
- IFMR, HDFC Ergo redefine cattle insurance using RFID technology
IFMR, HDFC Ergo introduce livestock insurance with lower premium and health services using RFID technology.
- IFMR and Equitas complete rated securitisation of micro loans
IFMR Capital, an NBFC based in Chennai and Equitas Micro Finance India have completed the first rated micro loan pool backed securitisation...
- Crisil to rate MFIs, ULBs to enable funding access
Financial rating agency Crisil along with ICICI Foundation and IFMR Trust has entered into an agreement to develop viable commercial enterp...
- IFMR Trust to float two funds to support start-ups and MFIs
The IFMR Trust, supported by a group of investors, including ICICI Bank, will be floating two funds- the Network Enterprise Fund, a $100 mi...