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MICROFINANCE INITIATIVE
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- 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...
- Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorpMuthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its curr...
- As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
- Himanta Biswa Sarma brings back BJP for third consecutive term in AssamHimanta Biswa Sarma led the BJP to a historic victory in Assam, winning 82 seats. His aggressive campaign, focusing on welfare schemes like...
- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- Arohan Financial plans to file for IPO within a monthMicrofinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary iss...
- Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPOArohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With be...
- CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
- PM Mudra Yojana has redefined access to credit by empowering millions: ModiPrime Minister Narendra Modi highlighted the PM Mudra Yojana's impact. The scheme has empowered millions by providing collateral-free credi...
- Svatantra Microfin said to prepare for $250 million India IPOSvatantra Microfin, backed by Advent International, is preparing for an initial public offering that could raise up to $250 million. The mi...
- Jagaran Microfin raises Rs 22 crore from BlueOrchard Finance through NCD issuanceThe funding was raised through the issuance of non-convertible debentures that were subscribed to by BlueOrchard from its Microfinance Init...
- Nordic Microfinance Initiative raises its investment in Svasti MicrofinanceNordic Microfinance Initiative (NMI) has raised its investment in Mumbai-based Svasti Microfinance while Michael & Susan Dell Foundation an...
- Svasti Microfin gets Rs 34 croreSet up in 2010, the company has a loan portfolio of Rs 255 crore and services 1,41,000 customers in four states through 38 branches.
- Muthoot Microfinance aims to raise Rs 1,000 crore from IPOAccording to market sources, the company plans to hit the market in the first half of the 2019.
- Utkarsh raises $21 million from Lok Capital, Commonwealth Development CorporationVaranasi-based microfinance institution Utkarsh has raised $21 million (Rs 132 crore) in a fresh round of funding from Lok Capital and Comm...
- Norwegian Microfinance Initiative, IRIF invest Rs 25 crore in Fusion MicrofinanceNorwegian Microfinance Initiative, IRIF invest Rs 25 cr second round of fund raising by Fusion Microfinance Pvt Ltd.
- IFC, KfW set up $1bn MFI fundInternational Finance Corporation (IFC) and German development bank KfW have announced the Microfinance Initiative for Asia (MIFA) to commi...
- Reliance Capital forays into microfinanceReliance Capital, the financial services arm of Reliance ADA group, has launched its microfinance initiative in partnership with two Gujara...
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