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Bain Capital Acquires Joint Control in Manappuram Finance for ₹4,385 Crore
March 24, 2025– Bain Capital, a leading global private investment firm, has announced its acquisition of joint control in Manappuram Finance, one of India’s foremost non-banking financial companies (NBFCs) and the second-largest gold financier in the country. The firm will invest ₹4,385 crore (approximately $508 million) to acquire an 18% stake in the company through […]
Rahul Bhave Appointed as IFCI’s New MD & CEO
The Government of India has officially appointed Rahul Bhave as the Managing Director and Chief Executive Officer (MD & CEO) of IFCI Ltd, marking a significant leadership change for India’s first development financial institution. Bhave, who previously served as Deputy Managing Director at IFCI, will hold the position for three years from the date, as […]
Navadhan Raises ₹111 Crore in Series A Funding for Rural Fintech Expansion
Rural-based fintech startup Navadhan has raised ₹111 crore in its Series A round, more than its original target of ₹80 crore. It was led by NabVentures, the NABARD-borne venture capital firm, and co-led by Prime Venture Partners. The over-subscribed funding will help to fuel business expansion and grow Navadhan’s proprietary AceN tech platform, which enables […]
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Top BFSI Leaders to Gather at 9th Elets BFSI CXO Summit & Awards in...
Elets Technomedia, in collaboration with The Banking & Finance Post, is hosting the 9th Elets BFSI CXO Summit & Awards on 28th February 2025...
RBI
Government Named Sanjay Malhotra as New RBI Governor, Shaktikanta Das to...
In a significant development, Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer, has been appointed as the Governor of the Reserve Bank of...
RBI Selects Five Entities for Theme-Neutral Regulatory Sandbox Test Phase
The Reserve Bank of India (RBI) has selected five entities for the test phase of the regulatory sandbox's fifth cohort, which is theme-neutral. This...
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Dominic Vijay Kumar, Senior VP & CTO, ART Housing Finance (India) Ltd
Sameer Aggarwal, Founder & CEO, Revfin
Dhiraj Jha, Chief Risk Officer, Satin Creditcare Network Ltd
Raman Aggarwal, Director, Paisalo Digital Ltd & FIDC
