The Small Industries Development Bank of India may revamp the microfinance equity fund scheme to support the small and medium sized micro lenders, which perennially […]
Category: BFSI
IRDAI in talks with govt for relaxation of Rs 100-crore entry capital for insurers: Debasish Panda
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore and permit […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, is planning to raise over ₹ 2,000 crore through its sixth real […]
Kotak Mahindra Bank plans to hire 20 investment bankers in bet on M&A recovery
Kotak Mahindra Bank’s investing banking arm is planning to expand its operation by hiring about 20 bankers, betting on a rebound in deals activity next […]
Indian banks’ loans rose 17.9% y/y in two weeks to Oct 21: RBI
Indian banks’ loans rose 17.9% in the two weeks to Oct. 21 from a year earlier, while deposits rose 9.5%, the Reserve Bank of India’s […]
Agri finance company Kissandhan eyes 15% of Farmers Producer Organisation business, signs up four FPOs in West Bengal
Multi-asset agri finance company Kissandhan and a subsidiary of the SLCM Group, is eyeing 15% of Farmers Producer Organisation (FPO) business from West Bengal. As […]
IIFL Finance aims to triple co-lending to over Rs 13,000 crore
Fairfax- and Capital Group-backed IIFL Finance is aiming to triple its co-lending to more than Rs 13,000 crore in a year, with the retail focused […]
Shivalik Small Finance Bank raises Rs 111 crore from Quona Capital, Accel and Bharti AXA Life Insurance
Shivalik Small Finance Bank raised Rs 111 crore in equity from global venture capital firms Accel and Quona Capital along with Bharti AXA Life Insurance. […]
Leading NBFCs offer up to 8.84% to attract retail savings
Top-deck non-bank lenders, such as Shriram Transport Finance, are seeking to grab a bigger slice of household savings, offering returns as high as 8.84% on […]
LIC increases stake in Capri Global to 9%, buying 2% more at Rs 257 crore
Insurance giant Life Insurance Corporation of India (LIC) is spending over Rs 250 crore in Capri Global to increase its stake in the company by […]