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JANALAKSHMI FINANCE
TVS, other investors keen to buy into Jana Small Finance BankJana Small Finance Bank is poised for a significant capital infusion. TVS Venu Group plans to acquire a 10% stake. Several other investors ...- Jana Small Finance Bank begins operation, to foray into affordable housing, consumer durable loansThe bank said it plans to foray into affordable housing loans and consumer durable loans while it will continue with focus on microfinance.
- Janalakshmi Financial in last leg of transition into small finance bankThe microfinance company is awaiting the ‘commencement of business’ certificate from the RBI, which is the last of the several approvals ne...
- Janalakshmi Financial Services raises Rs 1,030 crore from TPG, Treeline and new investorsBajaj Allianz Life Insurance and Bajaj Allianz General Insurance Company have also come in as new investors.
- TPG's Ajay Kanwal to join Janalakshmi Financial Services as CEOJanalakshmi, India's largest MFI in terms of loan outstanding, said this appointment is a part of its transition into a small finance bank.
- Goldman, Credit Suisse keen to bank on micro lender Janalakshmi, eye Rs 1200 cr investmentSources said Janalakshmi is facing financial stress and may have to write off loans worth Rs 1500-2000 cr before transforming into a small ...
- Janalakshmi gets final small finance bank licenceJanalakshmi said it would commence operations in the second quarter of the current fiscal. It plans to set up 300 branches during the 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...
- ICRA cuts Janalakshmi's rating outlook to negativeThis is a serious blow to the Ramesh Ramanathan led small finance bank licensee, which is yet to receive the final go-ahead from Reserve Ba...
- Bharat Financial Inclusion looks to improve operational efficiency to reduce cost of fundBharat Financial fail to secure a small finance banking license while Janalakshmi is in the process of becoming one. Ujjivan has already la...
- MUDRA Bank invests Rs 50 crore in a securitisation deal with JanalakshmiThis marks MUDRA's first ever participation in a capital market deal as the MSME (micro, small and medium enterprises) loan facilitator loo...
- TPG leads $210-million funding in Janalakshmi Financial ServicesThe microlender, which is the country’s largest in terms of gross loan portfolio, also did not provide details about the buyers and sellers.
- Janalakshmi Financial Services raises $210 million via equity round led by TPG“This latest round of capital will fuel further expansion of the products and services we offer,” said Ramesh Ramanathan, Chairman of Janal...
- 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.
- TPG Capital to buy Janalakshmi Financial Services Ltd minority stake for Rs 610 crore“The valuation exercise and the exact stake which will be owned by TPG will be finalised soon,” one of the two persons said.
- IBM signs Rs 550 crore deal with microfinance firm Janalakshmi Financial ServicesJanalakshmi has in the past worked with Wipro and recently outsourced its back-office work to the Indian unit of Accenture.
- IBM signes deal worth Rs 550 crore with microfinance firm Janalakshmi Financial ServicesThe deal between IBM and Janalakshmi involves application development, maintenance and infrastructure management for Janalakshmi Finance.
- Private equity funds to buy stake in Janalakshmi Financial Services for Rs 350 croreA consortium of private equity (PE) funds will pick up a significant minority stake in Janalakshmi Financial Services for close to Rs 350 c...
- Janalakshmi Financial raises Rs 80 cr in third round of fundingTwo global funds have invested Rs 22 cr and Rs 30 cr, with Vallabh Bhansali, co-founder of Enam Securities, joining as an individual invest...
- Citi Venture Capital International invests in Janalakshmi Financial ServicesJanalakshmi Financial Services, a Bangalore-based urban microfinance institution has raised third round of funding to scale up its operatio...
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