Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance Company have also come in as new investors.

The current round of funding is a crucial step in enabling JFS to complete its transition into a SFB, the financial institution told in a p...

Sources said Janalakshmi is facing financial stress and may have to write off loans worth Rs 1500-2000 cr before transforming into a small ...

When the window opens in the future, we will debate if it makes sense to convert ourselves into a small finance bank or continue as an NBFC...

Avendus Capital has been mandated to run a formal process, sources said. The funds would be used for expanding the loan book and widening r...

Asset under management (outstanding loans or gross loan portfolio) fell Rs 3,000 crore to close at Rs 20,500 crore in 2011-12.

Credit Ratings has reaffirmed its ratings on four non-bank firms that have received licences from RBI to run as small finance banks (SFBs),...

SKS 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.

The 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by thr...