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RGVN MICROFINANCE LTD
NCLT approves merger of Slice and North East Small Finance BankPost-merger, Slice which provides prepaid wallets and UPI-based products will look to offer technology-backed financial services to the las...- CCI approves merger of Slice with North East Small Finance BankGaragepreneurs Internet, which operates the brand Slice, will merge with its in-house non-banking finance company Quadrillion Finance and t...
- Fintech unicorn Slice picks 5% in North East Small Finance BankMove signals new-age biz reliance on licensed banks; More investments could be on cards
- Northeast India’s first small bank, North East Small Finance bank starts operation, Ratan Tata launches the first branch of the bankRashtriya Gramin Vikas Nidhi (North East) Microfinance Limited received the Small Finance Bank License from the Reserve Bank of India (RBI)...
- North East Small Finance Bank starts operations: RBIRGVN (North East) Microfinance Limited, Guwahati was one of the 10 applicants which was issued in-principle approval for setting up a small...
- Utkarsh looks to raise Rs 125-150 crore from existing investorsWorld Bank's invest arm IFC sold a part of its holding in Utkarsh -- 4.9 per cent -- to Switzerland-based responsAbility Investments AG in ...
- North East's first small finance bank to start operations from JuneSIDBI Venture Capital infused Rs 40 crore in RGVN (NE) MFL, PI Venture LLP put in Rs 20 crore. RNT Associates invested another Rs 40 crore.
- At least 3 small finance banks yet to start operationsRGVN Microfinance has received the final licence from RBIto set up a small finance bank and likely to start operations soon, Disha Microfin...
- ESAF Microfinance to raise Rs 650 crore before small finance bank launchESAF will officially launch small finance bank operation on March 17 after a week’s of trail run starting from March 10.
- 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.
- Promoters look to sell home finance business of AU Financiers for up to Rs 1,000 croreThe company, that has a Rs 800-crore home loan portfolio, will be sold to either financial or strategic investors, as Axis Capital has been...
- Micro lender Village Financial Services to get first institutional equity investmentCompany MD Kuldip Maity told ET that Small Investment Development Bank of India (Sidbi) has cleared a proposal to invest Rs 3 crore.
- Why Raghuram Rajan turned a blind eye to microfinance firms from eastRajan, many believe, has played it safe. Doling out licences to MFIs with a strong eastern connect would have put the fledgling Bandhan Ban...
- SKS Micro, Dewan Housing crack up to 20% on bank licence setbackSKS Microfinance cracked 20 per cent to hit a low of Rs 360.60 on NSE. On BSE, the stock fell 16.65 per cent to hit a low of Rs 376.65.
- No licence! Banking aspirants SKS Micro, Diwan Housing may underperform market in short termThe 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by thr...
- RGVN (North East) Microfinance raises Rs 49.26 cr via NCDsRGVN (North East) Microfinance Ltd today said it has raised Rs 49.26 crore from two foreign investors by issuing Non-Convertible Debentures.
- Small bank licence: RBI asks I-T department to verify applicants' credentialsRajan had earlier said the Reserve Bank of India would be able to announce new sets of bank licences, or at least one set of them, by Augus...
- RGVN Microfinance raises about Rs 42 crore in fresh round of equity fundingThe latest round of equity funding also saw KS Norway and global co-operative and social investor Oikocredit participate in the transaction.
- Sidbi offers Rs 30 crore support to microfinance companiesSidbi has committed 30% of its Rs 100-crore microfinance development fund to some of the country’s poorest microfinance companies
- MFI apex body wants lenders to cut ratesSa-Dhan, the apex organisation of micro-finance institutions (MFIs) and self-help groups (SHGs), has suggested moderation of interest rates...
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