microfinance
Finance
Sector scan: Why microfinance firms are bracing for growth slowdown
In March, India’s microfinance sector recorded its biggest private equity transaction. That month, US-based Advent International and India’s Multiples PE ......
Finance
IndusInd bank to raise $150 mn from US DFC to aid women borrowers
Private-sector lender IndusInd Bank Ltd plans to raise $150 million (around Rs 1,200 crore) loan from US government’s Development Finance ......
Finance
Light Microfinance raises Series B funding from BII, others
Light Microfinance has raised Rs 196 crore ($24.1 million) in a Series B funding round, the company said in a ......
Finance
Annapurna Finance raises $15 mn from French institution Proparco
Odisha-based microfinance institution Annapurna Finance on Friday said it has secured $15 million (Rs 115.5 crore) as a part of ......
Finance
Kedaara Capital-backed Spandana Sphoorty makes peace with founder Padamaja Reddy
Spandana Sphoorty has resolved all differences with founder and managing director Padmaja Reddy by an in-principal agreement, 8 months after ......
Finance
IIFL Finance, Open Financial JV to launch neobank for MSMEs
Fairfax Financial Holdings Ltd-backed non-bank lender IIFL Finance Ltd and SME-focused neo-banking platform Open Financial Technologies Private Ltd, on Tuesday ......
Finance
Satya MicroCapital picks up 24% stake in Jaipur-based Baid Housing Finance
Swiss impact investor BlueOrchard-backed Satya MicroCapital Ltd, focused on self-employed rural women, said it has completed a strategic investment to pick ......
Finance
Annapurna Finance raises funds from Germany's DEG
Odisha-based microfinance institution Annapurna Finance, backed by Asian Development Bank (ADB) and Oman India Joint Investment Fund (OIJIF), has raised ......
Finance
India's microfinance sector hit as defaults surge in pandemic
Small loan specialists in India that typically cater to people without bank accounts are facing a jump in pandemic-related defaults ......
Finance
French agency Proparco makes a loan for IndusInd Bank's microfinance division
French development agency Proparco made a $75 million (about Rs 560 crore) loan to mid-sized private-sector lender IndusInd Bank for ......
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