Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance Company have also come in as new investors.

Janalakshmi, India's largest MFI in terms of loan outstanding, said this appointment is a part of its transition into a small finance bank.

Sources said Janalakshmi is facing financial stress and may have to write off loans worth Rs 1500-2000 cr before transforming into a small ...

Janalakshmi said it would commence operations in the second quarter of the current fiscal. It plans to set up 300 branches during the year ...

RGVN Microfinance has received the final licence from RBIto set up a small finance bank and likely to start operations soon, Disha Microfin...

This 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 fail to secure a small finance banking license while Janalakshmi is in the process of becoming one. Ujjivan has already la...

This marks MUDRA's first ever participation in a capital market deal as the MSME (micro, small and medium enterprises) loan facilitator loo...

The microlender, which is the country’s largest in terms of gross loan portfolio, also did not provide details about the buyers and sellers.

“This latest round of capital will fuel further expansion of the products and services we offer,” said Ramesh Ramanathan, Chairman of Janal...

The capital will provide for the Tier II capital of the lender and help the newly selected small bank aspirant to roll out its services.

“The valuation exercise and the exact stake which will be owned by TPG will be finalised soon,” one of the two persons said.

Janalakshmi has in the past worked with Wipro and recently outsourced its back-office work to the Indian unit of Accenture.

The deal between IBM and Janalakshmi involves application development, maintenance and infrastructure management for Janalakshmi Finance.

A consortium of private equity (PE) funds will pick up a significant minority stake in Janalakshmi Financial Services for close to Rs 350 c...

Two global funds have invested Rs 22 cr and Rs 30 cr, with Vallabh Bhansali, co-founder of Enam Securities, joining as an individual invest...

Janalakshmi Financial Services, a Bangalore-based urban microfinance institution has raised third round of funding to scale up its operatio...