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About 31 results for "nbfc mfi"

NBFC-MFI base rate steady for fourth straight quarter at 10.09...

RBI advises the average of the base rates of the five largest banks as interest rates to be charged by NBFC-MFIs The applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) to arrive at the interest rates they can ... Business Standard, 3 weeks ago
NBFC-MFIs credit rate pegged at 10.09% in Q4 Hindu Business Line, 3 weeks ago

Manappuram Finance signs non-binding agreement to acquire majority stake in Asirvad Microfinance

Asirvad Microfinance is a Chennai based NBFC-MFI Manappuram Finance announced that the Company has signed a Non- Binding Term Sheet to acquire majority equity shareholding of Asirvad Microfinance (AMPL) through a combination of secondary purchase of equity ...
 Business Standard2 months ago Manappuram to acquire 85% stake in Asirvad MFI  The Financial Chronicle2 months ago

Satin Creditcare raises $10M from US-based WorldBusiness Capital through ECB

New-Delhi-based microfinance institution (MFI) Satin Creditcare Network Ltd has raised $10 million through external commercial borrowing (ECB), according to a press release. WorldBusiness Capital, a US-based lender, has given a eight-year loan, ...
 VC Circle3 days ago

Utkarsh MFI Secures Funding From Lok Capital, CDC Group

Impact investment fund Lok Capital along with CDC Group plc, have made an investment of $21 Mn in Varanasi based micro finance company Utkarsh. This round also witnessed participation from its existing investors Aavishkaar Goodwell, Microfinance ...
 Deal Curry1 month ago CDC and Lok Capital infuses $21 million Series D funding in Utkarsh Micro Finance  Yourstory.in1 month ago CDC & Lok Capital lead $21 mn Series D investment in Utkarsh Micro Finance  Business Standard India1 month ago

NBFC-MFIs are not what the future is: Vikram Akula

Mumbai: My kurtas that were shelved for three years will now be out, says Vikram Akula , the ousted founder chairman of SKS Microfinance Ltd , while sitting in a five-star hotel in Mumbai, wearing a crisp black business suit. Fresh out of a forced ...
 Livemint.com1 month ago

IFC may lend $40M to Sundaram BNP Paribas Home Fin, $35M to PTC India Financial

International Finance Corporation (IFC), the private sector investment arm of the World Bank, is ramping up its exposure to home finance and renewable energy projects. The firm said on Thursday that it may invest a total of $75 million in Sundaram ...
 VC Circle4 days ago

Bandhan gets big backing from GIC, IFC

Singapore's sovereign wealth fund GIC is investing Rs 1,020 crore ($165.1 million) in India's top microfinance firm Bandhan Financial Services Pvt Ltd, Reuters reported citing company's top executive. With this, Bandhan gets fresh investment ...
 VC Circle6 days ago

IFC to take minority stake in Bandhan Financial Svcs & proposed new Bank

International Finance Corporation (IFC), World Bank's investment arm, is planning to acquire stakes in Bandhan Financial Services Pvt. Ltd and Bandhan Bank by infusing around Rs 580 crore in the two entities. The investment would support Bandhan to ...
 Smart Investor1 week ago IFC may invest up to $94M to hike stake in Bandhan, pick equity in Bandhan Bank  VC Circle1 week ago

After founder Vikram Akula, SKS to seek small bank licence

MUMBAI: SKS Microfinance, the country's only listed micro lender, plans to convert itself into a small bank as it seeks to reduce cost of funds and improve profitability. A top executive at the company told ET that the company will apply for a ...
 Economic Times2 weeks ago Deadline to apply for small, payments bank licences extended  Livemint.com3 weeks ago


Mumbai: In a departure, the government has split the post of chairman and managing director at public sector banks (PSBs). In a statement on Wednesday, the finance ministry named managing directors (MDs) and chief executive officers (CEOs) of four ...
 IPA Newspack.com3 weeks ago
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