Microfinance

Rs. 1,100-Crore CreditAccess Grameen IPO Opens: Should You Subscribe?

Business | NDTV Profit Team | Wednesday August 8, 2018

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

To Check Employee Details, Bureau Launched For Those Working In This Sector

Business | Press Trust of India | Tuesday December 12, 2017

Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.

Bharat Financial Shares Gain Over 4%; IndusInd Bank Slips

Business | Press Trust of India | Monday October 16, 2017

IndusInd Bank on Saturday said it will acquire country's second largest microfinance player Bharat Financial Inclusion Ltd (BFIL) and the transaction is expected to be completed in the next 10 months.

Why Bharat Financial Inclusion Shares Are Down 10% In 2 Days

Business | Tuesday December 20, 2016

Bharat Financial Inclusion was the top loser among the microfinance companies in today's session, with the stock falling 4.2 per cent.

Treasury Gains For PSU Banks To Cross Budgeted Funds Infusion: Icra

Business | Press Trust of India | Wednesday November 23, 2016

Icra noted that microfinance institutions (MFIs) have observed a considerable decline in collections with the rates dropping to 30-60 per cent for most entities and a virtual standstill on incremental disbursements following government banning Rs 500 and Rs 1,000 notes.

Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings

Business | Press Trust of India | Thursday November 17, 2016

Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.

Bharat Financial Inclusion Posts 87% Rise In Q2 Profit

Business | Press Trust of India | Friday October 28, 2016

The company had reported a net profit of Rs 77.86 crore for the corresponding three-month period of 2015-16.

Kotak Mahindra Bank To Acquire BSS Microfinance

Business | Press Trust of India | Friday September 30, 2016

Kotak Mahindra Bank said the transaction is subject to obtaining all necessary regulatory and other approvals, including from the RBI.

Bharat Financial Inclusion Raises Rs 749 Crore

Business | Press Trust of India | Thursday September 29, 2016

Bharat Financial Inclusion Ltd on Thursday said it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

India's Microfinance Industry Clocks 60% Growth In 2015-16: Report

Business | Press Trust of India | Wednesday September 14, 2016

India's microfinance industry was pegged at Rs 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report.

Ratan Tata, Nandan Nilekani To Set Up Microfinance Firm Avanti Finance

Business | Press Trust of India | Monday August 29, 2016

Avanti Finance will apply for registration to the Reserve Bank of India in the coming days and will establish operations before the end of the financial year, it added.

Stay Invested; Midcap, Smallcap Rally Not Over: Sunil Subramaniam

Business | NDTV Profit | Sunday August 28, 2016

Continuing their stellar run, the Bombay Stock Exchange's sub-indices for midcap and smallcap shares have jumped 23 per cent and 17 in last one year respectively, compared to nearly 8 per cent gain in the broader Sensex.

Bharat Financial Shares Slump On Arrest Of President Dilli Raj

Business | NDTV Profit Team | Tuesday August 2, 2016

The microfinance lender, in a release to the exchanges on Monday, clarified that the investigation does not relate to Bharat Financial Inclusion Limited.

Ujjivan Financial June Quarter Net Doubles To Rs 71 Crore

Business | Press Trust of India | Friday July 29, 2016

Microfinance company Ujjivan Financial Services reported a 102.51 per cent jump in net profit at Rs 71.37 crore for the June quarter, driven by growing business and reduction in cost of finance.

IDFC Bank Acquires Tamil Nadu-Based Grama Vidiyal Microfinance

Business | Press Trust of India | Wednesday July 13, 2016

Private sector lender IDFC Bank on Tuesday announced the acquisition of Tamil Nadu-based Grama Vidiyal Microfinance that will help it widen the reach.