Ajay Ramanathan

Ajay writes on the banking, financial services, and insurance segment. He is keen on analysing the multi-fold impact of any news development, and putting it across in the long-form.

EQT, ChrysCapital-controlled Credila pre-files DRHP for IPO

Finance

30 December, 2024

EQT, ChrysCapital-controlled Credila pre-files DRHP for IPO

Nearly 18 months after private equity firms EQT and ChrysCapital bought out HDFC Bank from HDFC Credila Financial ......

Finance

26 December, 2024

Japan's SMFG infuses $350 mn into Indian NBFC arm

Japan’s Sumitomo Mitsui Financial Group (SMFG) has invested an additional Rs 3,000 crore, or over $350 million, into ......

Pro

Finance

26 December, 2024

Flashback 2024: Top banking and financial services deals of the year

Dealmaking in the banking, financial services and insurance segment in India was patchy in 2024 as private equity as ......

Premium

Finance

19 December, 2024

Sector Scan: Fresh slippages add to asset quality woes of MSME-focused NBFCs

Non-bank lenders enjoyed two years of high growth post COVID-19 as a pent-up demand in the economy led to a ......

Pro

Finance

17 December, 2024

How are Aye Finance's PE-VC backers faring as it eyes over $500 mn valuation in IPO?

A clutch of private equity, venture capital and impact investors are looking to monetise their investment in Aye ......

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Finance

17 December, 2024

Bottomline: Multiples PE-backed Shubham Housing sustains loan growth, profitability

Shubham Housing Development Finance Company, a darling of private equity firms, has clocked a steady growth in its ......

Finance

13 December, 2024

Svakarma Finance secures $10.4 mn funding from Encourage Capital, others

Svakarma Finance, which lends mostly to small businesses, has raised $10.4 million (Rs 88 crore) through a combination ......

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Finance

12 December, 2024

Advent, TPG-backed KreditBee plans $150 mn pre-IPO round

Lending startup KreditBee, which counts private equity firms Motilal Oswal Alternates, TPG NewQuest and Advent ......

Finance

11 December, 2024

Sanlam to buy 23% in Shriram Asset Management, makes open offer

South African financial services group Sanlam is picking up a 23% stake in Shriram Asset Management Company Ltd and has ......

Premium

Finance

11 December, 2024

Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

Adar Poonawalla-backed Ambit Finvest managed to raise both its asset under management (AUM) and net profit in the ......