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microfinance

IndusInd Bank signs pact to acquire Bharat Financial

Finance

14 October, 2017

IndusInd Bank signs pact to acquire Bharat Financial

IndusInd Bank Ltd said on Saturday it has agreed to buy microlender Bharat Financial Inclusion Ltd in an all-stock deal.The ......

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CreditAccess-backed microlender Grameen Koota readying for IPO

Finance

12 September, 2017

CreditAccess-backed microlender Grameen Koota readying for IPO

Bengaluru-based microfinance firm Grameen Koota Financial Services Pvt. Ltd is readying for an initial public offering, two persons familiar with ......

GIC-backed Bandhan Bank hires merchant bankers for IPO

Finance

12 September, 2017

GIC-backed Bandhan Bank hires merchant bankers for IPO

Bandhan Bank Ltd, India’s first micro-finance lender to receive a universal banking licence, has picked five merchant banks as it ......

Bajaj Allianz joins TPG, other existing investors to park $161 mn in Janalakshmi

Finance

11 September, 2017

Bajaj Allianz joins TPG, other existing investors to park $161 mn in Janalakshmi

Bengaluru-based microlender Janalakshmi Financial Services Pvt. Ltd, which had secured a licence for floating a small finance bank, has raised ......

IndusInd Bank inks deal to explore buying microlender Bharat Financial

Finance

11 September, 2017

IndusInd Bank inks deal to explore buying microlender Bharat Financial

Private-sector lender IndusInd Bank Ltd has entered into an exclusive pact to explore the acquisition of microfinance institution Bharat Financial ......

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In Charts: How microfinance industry performed in April-June quarter

Finance

01 September, 2017

In Charts: How microfinance industry performed in April-June quarter

India’ microfinance institutions (MFIs) have shown small signs of recovery in the first quarter of the fiscal year that began ......

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SV Creditline plans Series A funding to triple loan book

Finance

25 July, 2017

SV Creditline plans Series A funding to triple loan book

New Delhi-based microfinance company SV Creditline Pvt. Ltd is looking to raise its maiden equity funding to increase its reach ......

Annapurna Microfinance raises fresh funds from Bamboo Capital, others

Finance

20 July, 2017

Annapurna Microfinance raises fresh funds from Bamboo Capital, others

Bhubaneswar-based non-banking finance company Annapurna Microfinance Pvt. Ltd has raised Rs 61 crore ($9.5 million) from Bamboo Capital Partners and ......

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Former Satin Creditcare exec Vivek Tiwari floats NBFC

Finance

27 June, 2017

Former Satin Creditcare exec Vivek Tiwari floats NBFC

Vivek TiwariVivek Tiwari has floated a non-banking financial company (NBFC) Satya MicroCapital Ltd to provide affordable credit in the ......

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TPG-backed Janalakshmi raising large PE round from new, existing investors

Finance

16 June, 2017

TPG-backed Janalakshmi raising large PE round from new, existing investors

Bengaluru-based small finance bank licencee Janalakshmi Financial Services (JFS) is in talks to raise a fresh round of equity funding ......