The government’s decision to demonetise high-value currency notes will take its toll on the microfinance industry and could lead to losses in the range of Rs 1,500 crore to Rs 1,700 crore, Chandrashekhar Ghosh, CEO of Bandhan Bank, has said
Private sector lender IDFC Bank on Tuesday announced that it will acquire Tamil Nadu-based microfinance institution (MFI) Grama Vidiyal for an undisclosed amount in a move aimed at helping it widen its reach.
Mumbai: Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 per cent over the next three years, a study said.
Mumbai Sep 19: The Bangalore-based urban markets focused microfinance firm Ujjivan Financial Services today said it is planning to raise Rs 100 crore through a private placement by November.“We are looking at raising fresh equity
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