Of the Rs 1,200 crore it has raised in the ongoing quarter, around Rs 160 crore is to be earmarked for green and sustainability projects

The post-pandemic period saw massive pent-up demand amongst sectors severely impacted due to Covid-19 and the subsequent lockdowns, such as...

Through this partnership, both companies will build solutions to plug the significant challenges that MSMEs face in raising funding to grow...

Suryoday Small Finance Bank has delivered 40 per cent return in just two sessions.

Almost a year after its attempt to take over Lakshmi Vilas Bank failed, non-banking finance company Clix Capital is in discussions with Sur...

"The talks are still in early stages. NBFCs and small finance banks are both scouting for partners for different reasons and this is one su...

Clix Capital had submitted an indicative non-binding offer for LVB on October 8, but is yet to get any substantive response from the stress...

Subsequently, RBI appointed a three-member Committee of Directors (CoD) comprising independent directors Meeta Makhan, Shakti Sinha and Sat...

The old-generation Chennai-based private sector bank, which has been on the lookout for an investor and capital for long, had to face a blo...

The debt-laden Chennai based lender may need as much as Rs 2,500 crore in fresh funds to survive and grow, higher than the Rs 1500 crore as...

"Getting the paper work done, meeting people, sharing information and the general due diligence has been a challenge due to the pandemic so...

The bank has been borrowing funds for augmenting capital funds to support business growth as directed by RBI within the limits approved by ...

The bank needs capital to grow and make profit, and "we have got Clix as they have expressed their interest to merge with the bank. The adv...

Under the regulatory requirement, new shareholders and directors have to meet the ‘fit and proper’ criteria laid down by RBI.

Firm to use funds to build consumer lending business, digital platform.

This comes after negotiations between the unlisted private sector bank and Canadian billionaire Prem Watsa-controlled Fairfax fell through ...

Religare Enterprises, which owns an 87.5 per cent stake in the housing finance firm, is divesting its ownership in various companies to tid...