IIFL Finance to acquire Samasta Microfinance
India Infoline Finance Ltd (IIFL Finance) and its financial services firm IIFL Holdings Ltd are all set to to acquire…
23 NOV 2016
Microfinance
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Microfinance
LIC Chairman resigns two years ahead of term
State-run Life Insurance Corporation of India (LIC) chairman S K Roy has reportedly tendered resignation two years before his term…
23 JUN 2016
Ujjivan gears up to open 100 branches to meet small bank licence norms
After launching a Rs 885 crore initial public offering (IPO), Microfinance firm— Ujjivan Financial Services Ltd has decided to open…
03 MAY 2016
Connectivity a must for rural parts: GB Bhuyan
GB Bhuyan, General Manager (Financial Inclusion), Bank of Baroda, advocates seamless connectivity in far-flung areas to render financial services to people.…
26 APR 2016
Village Financial Services expands in northeast
Seen as creating a fresh opportunity for microfinance companies, micro lender Village Financial Services has claimed that it would start…
25 JAN 2016
PMJDY accounts deposits cross Rs 30,000 crore
Ushering financial stability as well as generating a huge deposit amount for those who cannot afford it, the government’s flagship…
23 JAN 2016
Bandhan Bank opens its first Lucknow branch
Bandhan Bank, the first example in India of a microfinance entity transforming into a commercial bank, has registered its presence…
16 JAN 2016
Banking giant JP Morgan to invest in India for a social cause
Initiating change through upliftment of the underprivileged Indian women, world’s biggest bank by assets JP Morgan, shall invest over half…
12 JAN 2016
UK’s CDC invests USD 50mn in Indian MicroFin institution
Making way into becoming a small finance bank, CDC, a microfinance institution of UK-based development finance entity, has invested $50…
12 JAN 2016
PAN made must for transactions above Rs.2 lakh
To curb the menace of black money and counterfeiting, the Ministry of Finance has issued a mandate for citizens where…
02 JAN 2016
