The Kolhapur-based bank has raised funding from a string of PE investors and is looking for another round worth Rs 300 crore.
Another candidate shortlisted for the post is World Bank’s South Asia chief economist Kalpana Kochhar.
Although private investors remain cautious about MFI as a sector, the year 2012 has seen announcements for deals of over $130 million.
Third PE fund initiative undertaken by the SBI and it will pursue similar ventures in the near future.
TPG Capital will take 25 per cent stake in Shriram City, which is worth Rs 1,160 crore.
Baird is an employee-owned, international capital markets, private equity, wealth & asset management firm with offices in the US, Europe and Asia.
Six months back, Kotak had rejigged the top management team of the i-banking unit.
The appointments are aimed at leveraging its existing talent pool and to improve its franchise in Mumbai and Bangalore.
As the partner and co-head of Apax’s India office, Naik led investments in healthcare, financial & business services and retail & consumer sectors.
The deal will be completed in several tranches, with the PE firm initially investing Rs 80.5 crore.
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