Axis Bank evaluating the acquisition route to scale up microfinance business
Axis Bank managing director and chief executive Amitabh Chaudhry said the bank has studied the market but has not found a perfect match yet. "We are evaluating opportunities all the time," he said, adding that the microfinance firms, which are doing well and can be a good fit, are mostly overvalued. "Nothing is on the cards at present."
Microfinance industry grew by 42.9% in Q1 of FY'20
Banks hold the largest share of portfolio in micro-credit with total loan outstanding of R...
IndusInd Bank-Bharat Financial merger to be effective from July 4
In accordance with the scheme, Bharat Financial shareholders will get 639 s...
Spandana Sphoorty's Rs 1,200-crore IPO to open on August 5
The price band of the issue was fixed between Rs 853-856 per share. The issue will close on August 7.
MFIs with Rs 3000 crore loans on Federal Bank radar for acquisition
Microfinance business has gained stability, setting aside the funding woes with banks backing micro lenders.
Bharat Financial-IndusInd Bank merger to complete in 4 weeks
Post-merger, microfinance firm Bharat Financial will become a subsidiary of the private lender.
Bandhan Bank slashes micro loan rates below 18%
The new lending rate will be applicable to new loans from June 18, 2019, the bank said Monday.
Bharat Financial Inclusion's net profit rises 73% at Rs 233 crore
The profit was buoyed by a 46% year-on-year growth in gross loan portfolio to Rs 15,482 crore and healthy repayment of loans.
Bharat Financial Inclusion looks to grow business in newer locations
The Hyderabad-based entity has also chalked out plans to have footprints in Tamil Nadu, Gujarat, Assam and Tripura
CCI clears IndusInd-Bharat Financial merger
IndusInd Bank in October decided to acquire country's leading microfinance player Bharat Financial Inclusion Ltd (BFIL).
Tarun Khanna shares how certain rumours brought SKS Microfinance to a standstill
The Harvard professor said that it was vital to re-cultivate trust as SKS Microfinance went back to rebuilding relationships.
Bharat Financial Inclusion back in black
The microfinance company said its collection efficiency rose to 99.8% for loans disbursed after January which accounted for 82% of its gross loan portfolio of Rs 10,597 crore till September 30.
Bharat Financial Inclusion shareholders nod for bond issue
The company would raise money through these bonds within overall borrowing limit of Rs 12,500 crore, Bharat Financial Inclusion, formerly SKS Microfinance.
Svatantra Microfin lowers lending rate to 19.25%
Svatantra Microfin Pvt Ltd has lowered lending rate by 350 basis points to 19.25%, making it the lowest rate by any microfinance firm in the country.
SKS Microfinance renamed Bharat Financial Inclusion
The company was mired in serious controversy in late 2010 due to rising spate of suicides by its borrowers, triggered by allegedly coercive recovery practices.
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