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microfinance

Serum Institute chief exec, others pump more money in Svasti Microfinance

Finance

11 March, 2021

Serum Institute chief exec, others pump more money in Svasti Microfinance

Svasti Microfinance, which focuses on women, has raised Rs 31 crore (around $4.3 million) from existing investors, it said on ......

Aavishkaar Group-promoted Arohan Financial files for IPO

Finance

15 February, 2021

Aavishkaar Group-promoted Arohan Financial files for IPO

Aavishkaar Group-promoted Arohan Financial Services Pvt Ltd has filed for an initial public offering (IPO). The Kolkata-based microlender’s public offer will ......

Japan's Gojo doubles down on Satya MicroCapital

Finance

03 February, 2021

Japan's Gojo doubles down on Satya MicroCapital

Satya MicroCapital Ltd, focused on self-employed rural women, has raised fresh equity of Rs 153 crore ($21 million) from Japan-based ......

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CX Partners scores neat returns in partial exit from financial services firm

Finance

26 November, 2020

CX Partners scores neat returns in partial exit from financial services firm

Private equity firm CX Partners has scored neat returns by selling a little over a third of its stake in ......

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Bandhan Bank's Chandra Shekhar Ghosh on credit growth, NPA outlook and more

Finance

28 September, 2020

Bandhan Bank's Chandra Shekhar Ghosh on credit growth, NPA outlook and more

Bandhan Bank received a banking licence in 2014, beating out many large conglomerates in the process. In the last five ......

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New York-based Kora gets sharp haircut on exit from microfinance firm

Finance

16 September, 2020

New York-based Kora gets sharp haircut on exit from microfinance firm

US-based investment firm Kora Management, focussed on internet and financial services, has exited its maiden India bet on a listed ......

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Annapurna Finance to raise funding as coronavirus roils MFIs

Finance

04 June, 2020

Annapurna Finance to raise funding as coronavirus roils MFIs

Microfinance institution Annapurna Finance Pvt. Ltd is in advanced discussions to raise equity funding from a few institutional investors, two ......

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Small finance banks predict six-month recovery from corona, MSME loans to reel most

Finance

04 May, 2020

Small finance banks predict six-month recovery from corona, MSME loans to reel most

As the country relaxes the lockdown and permits agricultural, construction and industrial activity in rural red zones, small finance banks ......

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India's $28-bn microfinance sector braces for turmoil as third crisis hits in a decade

Finance

14 April, 2020

India's $28-bn microfinance sector braces for turmoil as third crisis hits in a decade

Gagan Kumar, who runs a small hair salon in Mumbai’s Borivali suburb, is a worried man these days. Kumar had ......

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Satya MicroCapital raising fresh equity funding from global investor

Finance

06 April, 2020

Satya MicroCapital raising fresh equity funding from global investor

Satya MicroCapital Ltd is raising a large equity round of funding from a global investor, a top executive at the ......