microfinance
Finance
Bottomline: NPA woes trouble Piramal Alts-backed Annapurna Finance
Annapurna Finance, backed by a string of investors including Piramal Alternatives, grappled with a significant rise in bad loans in FY25, ......
Finance
Bottomline: MFI sector woes hit Satya MicroCapital's loan book, profitability
Satya MicroCapital, a Delhi-based microfinance institution backed by Japanese impact investor Gojo & Company Inc, saw its loan book shrink ......
Finance
Maintaining portfolio quality a priority; growing cautiously: Satin Creditcare MD
Microfinance lender Satin Creditcare Network has projected an 8-10% growth in assets under management (AUM) for the financial year ending ......
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 ......
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