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ANNAPURNA FINANCE
30 lakh fake names found in West Bengal Lakshmir Bhandar scheme verification: CM Suvendu AdhikariWest Bengal Chief Minister Suvendu Adhikari said around 30 lakh fake beneficiaries were identified during verification of the Lakshmir Bhan...- 30 lakh beneficiaries of TMC govt's direct cash transfer scheme for women ineligible: Suvendu AdhikariWest Bengal's Chief Minister Suvendu Adhikari has unveiled the 'Annapurna Bhandar' initiative, set to take over from the previous 'Lakshmir...
- Annapurna Yojana launched: Who will get Rs 3,000 monthly financial assistance from June 1, 2026West Bengal's Annapurna Yojana, effective June 1, 2026, will provide Rs 3,000 monthly financial aid to eligible women aged 25-60. This sche...
- RBI rejects Annapurna Finance's application for setting up universal bankThe Reserve Bank of India (RBI) has declined the application of Annapurna Finance Private Limited to establish a universal bank. After asse...
- MFIs reduce lending rates as RBI voices concernsSeveral microfinance lenders in India have reduced their lending rates in recent months following regulatory scrutiny from the Reserve Bank...
- Piramal Group arm invests Rs 600 crore in microlender Annapurna FinancePiramal Alternatives acquired a stake in Annapurna Finance, becoming a top shareholder. Nuveen holds 11%. Kikani cited microfinance's 32% C...
- Piramal Alternatives buys 9.85% stake in Annapurna Finance for Rs 300 crPiramal Alternatives, the investment arm of the Piramal Group, has picked a 9.85% stake in Odisha-headquartered micro lender Annapurna Fina...
- Annapurna Finance raises $15 million in equity from French investor ProparcoAnnapurna will use the funds to grow its loan book, invest in technology and expand geographically, the company said on Friday.With a pan I...
- Annapurna Finance raises Rs 260 cr in latest funding roundThe MFI lender has a pan India rural distribution network, offering micro-credit loans, home improvement, and MSME loans to individuals and...
- Annapurna Finance raises $20 million equity from German DEGThis is Annapurna's second equity infusion in as many years. Annapurna had raised $30 million equity from US-based Nuveen Global Impact Fun...
- 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.
- Annapurna Finance mobilises $30 mn in equity from Nuveen Global Impact"Nuveen’s expertise and funding will help us meet our expansion plans and we look forward to working with them to develop our climate initi...
- Repayment rising in micro loans; mixed bag for MSME, retailAbout 25-40 per cent of microfinance borrowers have started paying back their dues at the end of May, better than April's 10-15 per cent, a...
- Rising stress: About 70% micro loan borrowers want moratorium as household cash flow depletesDibyajyoti Pattanaik, managing director at Odisha-based micro lender Annapurna Finance, said that the number of borrowers seeking moratoriu...
- DFID's Development Capital exit proves the investment approach to Microfinance worksDFID India has a track record on promoting financial inclusion when it earlier financed two successful India programmes.
- ADB buys 14% stake in Annapurna FinanceThe expansion of equity will help the firm expand its loan portfolio in asset classes such as MSME and affordable housing, beyond its bread...
- Belgium's Incofin plans $80-million India Progress FundBhandari said the India-fund would focus on investing in financial services, food and agricultural sector with 50-70% contribution from int...
- Incofin, SIDBI Venture to offload investments in Annapurna FinanceIncofin has about 4.13 per cent stake and the sale of the shares will fetch it about Rs 30 crore.
- Annapurna Microfinance raises Rs 61 crore from Bamboo Capital and existing investorsAnnapurna is India's ninth largest MFI in terms of loans outstanding and grew loan books 34% year-on-year to Rs 1235 crore as on March, 201...
- Annapurna MFI raises Rs 35 crore from OikocreditBhuvaneshwar based micro finance company Annapurna has raised Rs 35 crore equity infusion from Netherlands based equity financing compamy O...
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