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To create an impact, Aavishkaar's next milestone is Rs 5200 croreThis would mean a growth of 53% in the next six months alone for one of the world's biggest and India's largest impact investment firm.- Financial services group Aavishkaar-Intellecap raises Rs 166.3 croreProceeds from the transaction, raised at the holding-company level, will be used by the Aavishkaar-Intellecap Group to significantly scale ...
- After Vikram Akula, Arohan shows door to founder Shubhankar SenguptaSpeculation suggests that ever since IntelleCash acquired majority share at Arohan, Sengupta had lost his grip over the company which he fo...
- Arohan founder-cum-CEO steps down as the MFI rejigs boardMichael Dell backed Arohan, a micro finance company that was taken over by IntelleCash Microfinance Network in 2012, has shown the door to ...
- 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...
- MFIs take pooled bond route to raise Rs 85 croreThese MFIs raised the fund through non-convertible debentures at 12-14 per cent coupon and the NCDs were subscribed to by three mutual fund...
- Small finance bank applicants like Grama Vidiyal and Sonata raise fund in pooled bondApplicants for small finance bank license such as Grama Vidiyal Microfinance and Sonata Finance have raised Rs 85 crore between them in a p...
- Small bank licence: RBI asks I-T department to verify applicants' credentialsRajan had earlier said the Reserve Bank of India would be able to announce new sets of bank licences, or at least one set of them, by Augus...
- MFIN elects MK Nambiar of Arohan Financial Services as presidentMFIN elected Nambiar for the position, replacing Ujjivan Financial Services chief executive officer and managing director Samit Ghosh.
- Arohan Microfin raises Rs 22 crore capital from 3 investorsThe IntelleCash-promoted Arohan Microfinance today said it has raised fresh capital worth Rs 22 crore from three investors.
- Don't expect fancy growth from micro finance entities: Chandra Shekhar Ghosh, Chairman, Bandhan Fin ServicesMicrolenders must cut operation costs to stay afloat, says Bandhan Financial Services' Chandra Shekhar Ghosh.
- How Vineet Rai has made microfinance advisory Intellecap into a Rs 30 crore ventureIntellecap, a microfinance advisory, has grown to a Rs 30 crore venture with four subsidiaries in nine years.
- Shell, Intellecash to provide collateral-free loans to SBUsShell Foundation and non-bank lender Intellecash have tied-up to provide collateral-free lending to small business units in the energy and ...
- Giving a fair chance: UtkarshUtkarsh is the first MFI in India to get funding from IFC.
- CEOs take macro leap, venture into microfinanceMany CEOs have walked out of glass-panelled office towers in well-lit cities and hit the dusty roads leading to villages that still have no...
- Indian MFIs to build portfolio of $6.27 billion by 2012It is estimated that there are over 1,000 MFIs operational in India currently, which have disbursed only 10% of the potential demand of ove...
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