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Sachin Bansal’s Navi eyes $2B valuation; Byju’s seeks arbitration in investor battleSachin Bansal-promoted Navi Technologies is in the market to secure external funding at a valuation of around $2 billion. Details of this a...
Terra’s aftershocks torment cryptoThis week, Terra’s creator Do Kwon was fined $78 million by tax authorities and faces an investigation in South Korea, another stablecoin l...
View: Microfinance institutions, not corporate houses, should be the banks of the futureThe last two decades have demonstrated the appalling inefficiency and corruption of PSBs, saddled with enormous dud loans. India urgently n...
UK's CDC Group invests Rs 320 crore in pooled bond issuance of 6 Indian MFIsThe investment -- the first ever by CDC in a pooled bond structure -- is aimed at providing systemic liquidity to these lenders.
Liquidity tap opens for micro lenders and housing finance companiesThe two key refinanciers with specific mandates are granting loans from the Covid-special refinance window opened by the RBI, raising hopes...
Sachin Bansal in talks to put microfinance firm in cart, may become chief executiveSachin Bansal is expected to buy up to 75% stake in Chaitanya Rural Intermediation Development Services.
Vivriti Capital appoints Namrata Kaul, Srinivasan Sridhar as independent directors to its boardKaul has served as the Managing Director, Corporate and Investment Banking at Deutsche Bank AG.
ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEsIt is the first-of-its-kind programme by a bank and an NBFC, ICICI said, adding the loans of up to Rs 1 crore is for a tenure of 15 years p...
Bankers, the frontline warriors in India’s coming fintech revolutionA number of senior bankers, armed with intimate understanding of strengths and weaknesses of traditional banking, are breaking new ground i...
Northern Arc Investments' sixth fund of Rs 150 crore takes off in styleThe sixth fund for Northern Arc Capital has a base corpus of Rs 150 crore ($23 million) with a green shoe option to increase it to up to Rs...
Manoj Dengla leaves Carlyle to join Arpwood PartnersAt Carlyle, Dengla anchored all its investments in financial services including HDFC, IIFL, PNB Housing Finance and SBI Cards.
Arpwood Partners buys Karvy's small business loans for $200 millionWhile Arpwood will bring in around $40 mn to the deal, one of its LPs, Chandler Corporation, will bring in the remaining, said 3 persons fa...
Chaitanya Microfinance raises Rs 33 crore through NCD issueThe Bengaluru-based microfinance institution currently operates across Karnataka, Maharashtra and Bihar.
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...