E-PaperMicrolender News
RBL Bank raises stake in Swadhaar to 60%, holds rights to increase it to 100%
RBL Bank has increased its stake in microlender Swadhaar Finserve to 60.48% for an undisclosed sum and now possess rights to up it to 100%
1 min read27 Nov 2017Microlender Grameen Koota to assign mentors to individual borrowers
The mentors would guide the borrowers in setting up small businesses like grocery stores or tea stalls and help in maintaining accounts.
2 min read27 Aug 2015SKS Microfinance posts Rs49.32 crore profit in Q1
SKS is India's only publicly traded microlender that benefited from higher demand for loans outside its home base of Andhra Pradesh
3 min read24 Jul 2014SKS Microfinance: enough fuel for growth
With a `400 crore capital-raising exercise done, a lack of competition in an under-penetrated market makes its outlook brighter as well
2 min read18 Jun 2014SKS raises Rs400 crore through QIP issue
The QIP, which was launched on 19 May at a floor price of Rs235, was oversubscribed three times
1 min read22 May 2014Bandhan picks Deloitte to help in banking entry
Deloitte will assist the Kolkata-based microlender to chart out a road map to convert the entity into to a bank
2 min read15 May 2014SKS shares surge as much as 6% on reports of trust’s exit
The trust has appointed Adharaya Financial Advisors to find a buyer for its stake, 'The Economic Times' reported
1 min read14 May 2014SKS Microfinance posts Rs27.12 crore profit in March quarter
Reports net profit of `69.9 crore for fiscal ended 31 March
1 min read29 Apr 2014Bandhan Financial Services leads push to get poor to banks
Bandhan says deposits will help lower funding costs as it expands into credit for companies to sustain profits as a bank
4 min read22 Apr 2014RBI sets average base rate for NBFCs at 10.09% for April-June quarter
MFIs operating as NBFCs can calculate interest rates in the April-June quarter based on the rate set by the central bank
1 min read28 Mar 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared