Lenders to seven stressed power projects are close to resolving loans totalling over 74,000 crore outside the bankruptcy framework
2 min read10 Jan 2019Banks are pursuing one-time settlements in KSK Mahanadi Power, RKM Powergen, SKS Power and Avantha Group's Jhabua Power Project
3 min read30 Jul 2018'Micro-Meltdown', written by SKS Microfinance founder Vikram Akula, once the poster boy of Indian microfinance, is a gripping tale of what it takes to build a world-class financial institution and how to destroy it
4 min read18 Jun 2018Bharat Financial receives no-objection nod from BSE and NSE for its merger with IndusInd Bank
1 min read5 Jun 2018Bharat Financial's earlier avatar SKS's quest to become a bank started in right earnest from the day it realized that once small finance banks are in place, it would be difficult to successfully run the microfinance business
12 min read23 Oct 2017Bharat Financial Inclusion, formerly SKS Microfinance and India's first listed microfinance firm, faces a potential merger with IndusInd Bank, which some experts say is the only way for its survival
6 min read12 Sep 2017The merger, if finalized, will allow IndusInd Bank to expand its retail loan book and fulfil Bharat Financial Inclusion's ambition to offer banking services
4 min read12 Sep 2017Bharat Financial Inclusion, formerly SKS Microfinance, is in talks with two potential buyers, IndusInd Bank and RBL Bank, and a deal is likely to be announced in September
3 min read8 Sep 2017Route One Fund bought 0.88% stake in Bharat Financial Inclusion for nearly Rs99 crore, through an open market transaction
1 min read15 May 2017Bharat Financial's provisions hit Rs334.6 crore during the March quarter against Rs3.8 crore a year ago
1 min read1 May 2017The 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