"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 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...

The lender said the higher provision was needed as it aligned its wholly-owned Madura Micro Finance's (MMFL) provisioning policy with that ...

“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...

The return of its loan disbursement growth to pre-COVID levels and last week’s fund-raising are likely to improve the company’s performance...

The market share of the NBFC is set to rise after it acquired Madura Microfinance (MMFL) in March 2020. Analysts pegged CreditAccess’ marke...

The lender had registered a net profit of Rs 96 crore in the corresponding quarter of the previous fiscal year.

MD & 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...

The transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.

Microfinance business has gained stability, setting aside the funding woes with banks backing micro lenders.

Sources said that Madura had a few other suitors including a mid-sized MFI.

Madura Microfinance was founded by late banker-turned-entrepreneur KM Thiagarajan and is now run by his non-resident Indian, neuro scientis...

Warburg will acquire stake in the New Delhi-based mid-sized non-banking financial company (NBFC) from existing investors along with a prima...

The 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...

Avendus Capital has been mandated to run a formal process, sources said. The funds would be used for expanding the loan book and widening r...

Small may be beautiful, but it is also limiting. Truly effective markets will enable micro enterprises to thrive and set them on the path t...

Sources close to the development said the list of investors include Kismat Capital, SBD India Capital, and Standstone Partners.