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JANALAKSHMI FINANCIAL SERVICES
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 ...- 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.
- 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 ...
- 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 securitisation deal with Janalakshmi Financial ServicesIts chief executive Jiji Mammen told ET that the newly formed refinancing bank was trying out new instruments to help MSMEs access capital ...
- 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.
- FIPB to take up Axis Bank, 13 other FDI proposalsInvestments in sectors that are not under the automatic route require FIPB approval. Currently 98 per cent FDI into India comes through aut...
- 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.
- Microfinance companies too moving towards commercial papersJanalakshmi Financial Services and Ujjivan Financial Services have raised Rs 125 crore between them in CPs to diversify their funding sourc...
- Janalakshmi Financial Services raises around Rs 180 croreIt has raised Rs 150 crore through private placement of non convertible debentures to a single mutual fund house.
- IBM enters into a six-year agreement with Janalakshmi Financial ServicesIBM today announced that it has entered into a six-year agreement with India-based micro finance provider Janalakshmi Financial Services.
- 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 Services ties up with Manipal Global Education Services to train employeesBangalore-based microfinance institution Janalakshmi Financial Services announced a tie up with Manipal Global Education Services on Monday.
- 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...
- Janalakshmi Financial Services launches financial advisory service JanaOneJanaOne will provide financial advisory services, such as savings and pension plans, to existing Janalakshmi customers.
- Lok Capital may exit Janalakshmi Financial ServicesLok Capital invested 1.6 crore in March 2007 as series A investor. It sold 25% of its holding in June 2011 for 2.77 crore, with a return of...
- 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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