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KOLKATA MFI
Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issueUS Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell I...- Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
- As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...
- Satin raises $30 mn in bonds from Netherland's FMOThe MFI has a portfolio of Rs 5,561 crore at the end of September, which grew 39 per cent year on year.
- Micro-finance sector recovering from DeMo shockBandhan Bank, one of the leading players in this sector which transformed into a universal bank from an MFI, said that there had been probl...
- Uttrayan Financial Services targeting Rs 175 crore business by March 2017Sidbi will subscribe to company's optionally convertible preference shares for Rs 2 crore while internal investors will put in Rs 3 crore i...
- Smaller MFIs breaking shackles to chase bigger dreamsOverseas investors have been more keen to put their monies in Indian microfinance story but local players are now getting into the groove a...
- Village Financial Services to expand to Tripura, Sikkim, Odisha and UttarakhandVillage Financial Services Managing Director Kuldip Maity said that the MFI would soon launch operation in Tripura and subsequently expand ...
- Village MFI looks for social equity investmentMicro-finance institution, Village Financial Services, is in talks with various social security investors including IFC for funds.
- Bandhan Financial Services gets a seat at State Level Bankers' CommitteeBandhan chairman C S Ghosh said that West Bengal Finance Minister Amit Mitra had asked him to attend the meeting or send a representative.
- Arohan Financial Services raises Rs 60 crore from private equity firm Tano CapitalThe Kolkata-headquartered MFI will use the proceeds to expand its presence across the country as well as increase its gross outstanding loa...
- Bandhan Financial Services aims to grow 30% this fiscalMicrofinance company Bandhan Financial Services has set a 30% growth target for 2012-13 while it grew by 50% last fiscal.
- Bandhan Financial Services to provide technical assistance to an Indonesian microfinance institution MBK VenturaBandhan will soon become a technical partner to a leading Indonesian MFI, MBK Ventura, and assist it in fine-tuning its operation.
- Banks turn more receptive to MFIs; UBI sanctions Rs 100 crore loan to Bandhan Financial ServicesOf the Rs 30,000 crore MFIs have borrowed from the banking system till date, this is perhaps the most precious Rs 100 crore ever.
- Bandhan Securitises sells loans worth Rs 410 crThis will free up resources for Bandhan for future lending and will help banks meet their priority sector lending commitments.
- Bengal MFIs make distress call to banksFacing a shortage of lendable resources, microfinance institutions in West Bengal have huddled together and are desperately trying to convi...
- A cut above the rest, MFIs in East ease borrowers’ painAt least three MFIs based out of Kolkata are on the verge of slashing lending rates by nearly 500 basis points to 19.1% per annum.
- Sidbi lines up Rs 350 cr for Bandhan’s womenSmall Industries Development Bank of India, or Sidbi, has extended a Rs 350-crore line of credit to Bandhan Financial Services to on-lend t...
- Bandhan gets Rs 150 cr loan from PNBBandhan, one of the fastest growing micro-finance institutions (MFI), has just received a Rs 150-crore loan from Punjab National Bank (PNB)...
- Bandhan gets Rs 250-cr credit line from SidbiBandhan, one of the country’s leading microfinance institutions (MFI), has just received a shot in the arm with a Rs 250-crore credit line ...
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