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ICICI Venture reports fall in fee income, profits 

Madhav A Chanchani

ICICI Venture, led by Vishakha Mulye, also states it has managed to raise $685 million for its three new funds.

Bangalore-based microlender Samasta in talks to raise over $5M 

Bruhadeeswaran R

This will be the first round of equity funding for Samasta in over three years after scooping Rs 2 crore in December’09 from Kalpathi Investments.

Subbarao overruled panel view on rate action in May

Reuters

A majority of external members of the central bank's monetary policy committee recommended no change in the policy repo rate at a May 3 policy meeting.

RentWorks hires investment banker for sale of Indian arm, L&T Finance seen among suitors 

Bruhadeeswaran R & Madhav A Chanchani

RentWorks India has been on the block for over six months and has held discussions with some of the leading NBFCs that have been looking to grow their business through acquisition.


Vikram Pandit buys stake in JM Financial, to apply for banking licence

Former Citigroup CEO Vikram Pandit will spearhead Nimesh Kampani-led JM Financial’s proposed banking venture and make a strategic investment in the financial services group. He will also set up a $100 million distressed asset fund, along with JM Financial.

UPCOMING EVENTS
19 Jun, 2013
The Leela Palace, Bengaluru
27 Jun, 2013
ITC Sheraton Hotel, New Delhi
18 Jul, 2013
The Lalit, Mumbai

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