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MICROLENDING MARKET INDIA
NBFC Dhruva Capital announces merger with microlender Vector FinanceDhruva Capital Services Ltd is set to merge with Vector Finance, marking its entry into the microfinance sector. The merger, approved by Dh...- Kumar Mangalam Birla's daughter Ananya announces new beauty and cosmetics ventureAnanya Birla, daughter of billionaire Kumar Mangalam Birla, is entering the beauty and cosmetics industry with a new venture. Targeting the...
- Bihar overtakes Tamil Nadu to become biggest MFI market in IndiaThe report by Crif High Mark has put the overall Microfinance (MFI) borrowings in Bihar at Rs 48,900 crore as of March, which represents 14...
- RBI raises concerns over dual microfinance regulation in AssamDuring the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said...
- Millions of defaults threaten microfinance's future in IndiaBorrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the financ...
- A loan firm in Bengaluru holds clue to Xiaomi's next big bet in IndiaXiaomi has just launched its first lending product in India on the lines of the microlending product Mi Credit that it offers in China.
- Bharat Financial enters exclusivity contract with IndusInd Bank for mergerThe implied price is likely be set at 10-12 per cent premium over the prevailing market price of Bharat Financial Inclusion, ET Now had rep...
- RedCarpet raises $2.5 million in funding led by Lightspeed VentureGurgaon-based RedCarpet, which began operations in November 2015, arranges loans of up to Rs 60,000 per borrower, with the average loan siz...
- With RBI planning periodic licences, companies may not rush in with applicationsBanking aspirants that had lost out when the regulator issued one licence each to microlender Bandhan and infra financier IDFC in 2014, may...
- Small Finance Banks will shift microlending focus away from MFIs: Ind RaSmall Finance Banks will shift the focus of the microlending business away from the dedicated MFIs, domestic rating agency India Ratings sa...
- Arohan Financial Services raises Rs 60 crore from private equity firm Tano CapitalThe Kolkata-headquartered MFI will use the proceeds to expand its presence across the country as well as increase its gross outstanding loa...
- Bandhan Bank may begin operations by early 2015; partners Fidelity Information Services for techFIS would provide a fully integrated banking and payments solution platform to allow Bandhan to offer services to the underprivileged peopl...
- Nabard seeks additional capital support from governmentAmong other things Nabard plans to enhance its operations through NABFINS a subsidiary engaged in microlending at lower than market rates, ...
- SKS Microfinance preparing for a return to Andhra Pradesh“We are waiting for the Microfinance Bill to be passed so that there will officially be only a single regulator to govern microfinance inst...
- SKS Microfinance plans a return in Andhra Pradesh amid scepticism, government resistanceSKS Microfinance is preparing for a return to Andhra Pradesh, a former hub from which it has retrenched significantly in the past two years.
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
- Share Microfin gets Rs 1,200-crore debt recast dealIn a big respite, Hyderabad-based microlender Share Microfin today said 31 bankers, led by SIDBI and ICICI Bank, have agreed to restructure...
- Suicides reveal how men made a mess of MFIsMore than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...
- Gurumani fired due to interpersonal issues: SKS chief AkulaSKS chief Vikram Akula said that CEO termination was not due to financial irregularities. He said that SKS will work closely with SEBI, RBI...
- Akula shines light on India microlending in SKS IPOAs a controversial $250-$350 million IPO draws nearer, Vikram Akula, founder of India's largest microlender, SKS Microfinance, crunches num...
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