This is a serious blow to the Ramesh Ramanathan led small finance bank licensee, which is yet to receive the final go-ahead from Reserve Ba...

The microlender, which is the country’s largest in terms of gross loan portfolio, also did not provide details about the buyers and sellers.

“This latest round of capital will fuel further expansion of the products and services we offer,” said Ramesh Ramanathan, Chairman of Janal...

The capital will provide for the Tier II capital of the lender and help the newly selected small bank aspirant to roll out its services.

“The valuation exercise and the exact stake which will be owned by TPG will be finalised soon,” one of the two persons said.

Janalakshmi has in the past worked with Wipro and recently outsourced its back-office work to the Indian unit of Accenture.

The deal between IBM and Janalakshmi involves application development, maintenance and infrastructure management for Janalakshmi Finance.

A consortium of private equity (PE) funds will pick up a significant minority stake in Janalakshmi Financial Services for close to Rs 350 c...

Microfinance cos Bandhan Financial Services and Janalakshmi Financial Services are set to file applications to acquire a banking licence.

Bangalore-based microfinance institution Janalakshmi Financial Services announced a tie up with Manipal Global Education Services on Monday.

Mohandas Pai and Ramesh Ramanathan will be part of the business groups throwing their hats in the ring for a licence to start a bank.

Two global funds have invested Rs 22 cr and Rs 30 cr, with Vallabh Bhansali, co-founder of Enam Securities, joining as an individual invest...

Lok Capital invested 1.6 crore in March 2007 as series A investor. It sold 25% of its holding in June 2011 for 2.77 crore, with a return of...

After reeling under a credit scarce situation and regulatory dilemma, the domestic microfinance industry is hopeful of steady progress.

The microfinance industry is unlikely to get much respite from the recent RBI decision to increase external commercial borrowing (ECB) limi...

Janalakshmi Financial Services, a Bangalore-based urban microfinance institution has raised third round of funding to scale up its operatio...

For Rs 3 lakh, you can get a 250-sqft home at an EMI of Rs 3,000, and a 400-sqft home for about Rs 5 lakh.