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MADURA MICROFINANCE
CreditAccess Grameen reports 184% rise in profit at Rs 160 croreTotal income for India's largest NBFC-MFI rose 13.6% at Rs 825 crore against Rs 726 crore on healthy business growth. Its consolidated gros...- CreditAccess Grameen disbursements up 25% to Rs 2,257 cr in MarchCreditAccess Grameen's total disbursements in March 2022 rose 25 per cent to Rs 2,257 crore. The company's disbursements were of Rs 1,806 c...
- CreditAccess, Suryoday post double-digit loan growth in DecemberIt disbursed Rs 1,485 crore in the months of December, higher than Rs 1,237 crore loan given in the preceding month.
- CreditAccess Grameen to infuse Rs 250 crore in subsidiary Madura Micro Finance"This is a precautionary measure. We want to ensure that Madura has adequate growth capital till it is merged with us," CreditAccess Gramee...
- CreditAccess Grameen's consolidated gross loan outstanding rises 18% to Rs 14,071 crCreditAccess Grameen said that its group gross loan portfolio grew by 18 per cent year-on-year to Rs 14,071 crore at the end of November wh...
- CreditAccess Grameen Q2 results: Consolidated net profit slips 25% to Rs 60 crThe lender said the higher provision was needed as it aligned its wholly-owned Madura Micro Finance's (MMFL) provisioning policy with that ...
- CreditAccess Grameen gets into expansion mode“Time has come to take a position for the future,” managing director Udaya Kumar Hebbar told ET in an interview. “How long can we hold back...
- Early provisioning to lower asset quality pressure for CreditAccessThe return of its loan disbursement growth to pre-COVID levels and last week’s fund-raising are likely to improve the company’s performance...
- Why is this MNC-backed midcap getting big premium over its peersThe market share of the NBFC is set to rise after it acquired Madura Microfinance (MMFL) in March 2020. Analysts pegged CreditAccess’ marke...
- CreditAccess Grameen Q1 net profit down 22% to Rs 75 crThe lender had registered a net profit of Rs 96 crore in the corresponding quarter of the previous fiscal year.
- CreditAccess Grameen-Madura Micro Finance merger to be completed by FY21MD & CEO Udaya Kumar says their microloans have grown at about 48-49% in the last four-five years on a CAGR basis, though going forward, th...
- CreditAccess Grameen to acquire Madura MicrofinanceThe transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.
- MFIs with Rs 3000 crore loans on Federal Bank radar for acquisitionMicrofinance business has gained stability, setting aside the funding woes with banks backing micro lenders.
- Race intensifies for Madura MicrofinSources said that Madura had a few other suitors including a mid-sized MFI.
- More suitors join race to acquire Madura MicrofinanceMadura Microfinance was founded by late banker-turned-entrepreneur KM Thiagarajan and is now run by his non-resident Indian, neuro scientis...
- Warburg Pincus in talks to invest up to $100m in Fusion MicrofinanceWarburg will acquire stake in the New Delhi-based mid-sized non-banking financial company (NBFC) from existing investors along with a prima...
- Federal Bank looks to acquire Madura MicrofinanceThe deal is expected to be partly in share-swap, and partly in cash for the micro lender backed by private equity firm Elevar Equity Maurit...
- Kedaara in talks to buy up to 30% in Madura MicroAvendus Capital has been mandated to run a formal process, sources said. The funds would be used for expanding the loan book and widening r...
- Microfinance: Time to move towards financial inclusionSmall may be beautiful, but it is also limiting. Truly effective markets will enable micro enterprises to thrive and set them on the path t...
- SKS Micro-finance raises Rs 366 croreSources close to the development said the list of investors include Kismat Capital, SBD India Capital, and Standstone Partners.
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