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Bottomline: Kunal Shah-controlled Newtap in the red as loan write-offs jump

Finance

20 February, 2025

Bottomline: Kunal Shah-controlled Newtap in the red as loan write-offs jump

Non-bank lender Newtap Finance Pvt Ltd, an associate company of fintech unicorn CRED and controlled by founder Kunal ......

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Bottomline: FMO-backed NeoGrowth's profitability weakens as bad loans surge

Finance

19 February, 2025

Bottomline: FMO-backed NeoGrowth's profitability weakens as bad loans surge

NeoGrowth Credit Pvt. Ltd, a non-bank lender backed by several impact investors and private equity firms, has recorded a......

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Criterion Africa Partners to onboard returning LP for third private equity fund

Finance

19 February, 2025

Criterion Africa Partners to onboard returning LP for third private equity fund

Criterion Africa Partners, an American private equity firm that backs assets across the forestry value chain in sub-......

VC-backed Credit Fair gets fresh capital from impact investor

Finance

19 February, 2025

VC-backed Credit Fair gets fresh capital from impact investor

Non-bank lender Credit Fair has received $5 million (about Rs 43.4 crore) in debt capital from a British International ......

HSBC to sell Bahrain retail banking operations as restructuring progresses

Finance

19 February, 2025

HSBC to sell Bahrain retail banking operations as restructuring progresses

HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid ......

Banks' infra bond funding to turn expensive as investors demand higher returns

Finance

18 February, 2025

Banks' infra bond funding to turn expensive as investors demand higher returns

Fundraising through infrastructure bonds is set to become more expensive for Indian lenders that have used them to raise......

Alvarez & Marsal hires former Accenture exec to helm life sciences vertical in India

Finance

18 February, 2025

Alvarez & Marsal hires former Accenture exec to helm life sciences vertical in India

Global professional services firm Alvarez & Marsal (A&M) has appointed Akash Kedia to head its healthcare and life ......

Thousands of Indian investors lose $100 mn in Falcon Invoice Ponzi scheme

Finance

18 February, 2025

Thousands of Indian investors lose $100 mn in Falcon Invoice Ponzi scheme

Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme ......

360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance

Finance

18 February, 2025

360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance

Asset management firm 360 ONE Asset has agreed to acquire a 15% stake in Bharti AXA Life Insurance.   The investment......

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CPPIB quietly spins one of its best returns from India harvest

Finance

18 February, 2025

CPPIB quietly spins one of its best returns from India harvest

Canada Pension Plan Investment Board (CPPIB), which has moderated the pace of its private equity-style investments in ......

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