Bangalore-based, urban market-focused microfinance firm Ujjivan Financial Services today said it plans to raise Rs 100 crore through private placement by November.
"We are looking at raising fresh equity of
The Andhra Pradesh Microfinance Act unveiled to hold horses of the once thriving microfinance industry seems to have affected the largest microfinance company SKS in more ways than one.
BANGALORE-based NBFC Microfinance Institution Janalakshmi Financial has raised Rs 65 crore as part of Series C funding. Global investment firm Citi Venture Capital International has taken a significant minority
The microfinance industry in India, which was strongly commanded over by private players, could now see options like the creation of a government agency either directly as an NBFC for
Fresh lending by microfinance companies in Andhra Pradesh has virtually come to a standstill after the October 15 ordinance which was issued to regulate the sector, government officials said today.
Banks on Wednesday asked the Reserve Bank of India (RBI) to ask, as an interim measure, all micro-finance institutions not to expand their portfolios until regulations are in place for
State Bank of India (SBI) has an exposure of Rs 300 crore to the troubled microfinance sector in Andhra Pradesh and the public sector lender feels the loans are "safe".
Prime Minister's economic panel today pitched for a regulatory mechanism for the microfinance sector, which has run into rough weather recently for charging high interest rates and strong-arm loan recovery
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