Posts Tagged ‘NBFC’

Microfinance Focus, Aug 21, 2010: Bangalore based Janalakshmi Financial Services has recently completed a securitization transaction worth INR 250 million with IFMR Capital. Closed on August 18th, IFMR Capital’s latest transaction Delta Pioneer IFMR Capital 2010, is backed by 35,560 microloans originated by Janalakshmi, a microfinance NBFC (Non-Banking Financial Company).   This takes the total funding facilitated by IFMR Capital for this sector to more than ... Full story

Microfinance Focus, June 1, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. AP, Kerala govts seek to regulate NBFCs, MFIs: Two key southern states are demanding that NBFCs and microfinance firms register under the local money lending laws, seeking to muscle into the territory of RBI which has the authority to regulate these institutions. Andhra ... Full story

Microfinance Focus, March 8, 2010: Bangalore-based Janalakshmi Microfinance NBFC has announced the closure of fundrasing for its Series B amounting to $10 million. The fund was subscribed by Treeline Asia Master Fund (Singapore), Bellwether Microfinance Fund, Narayan Ramachandran, former J.P. Morgan head in India have committed the required amount. Grameen Capital India has acted as the sole advisor to the deal. Janalakshmi is promoted by Ramesh ... Full story

Microfinance Focus, Feb 10, 2010: Aloysius Fernandez, the former Director of MYRADA and a veteran in the field of rural development, livelihoods and microfinance, has been appointed as Director of NABARD Financial Services and elected as Chairman of the Board from January 18, 2010. NABARD Financial Services Limited (NABFINS) is a Non-Banking Financial Company and ... Full story

Microfinance Focus, Sept. 15, 2009: Kolkata-based Bandhan microfinance has raised a Rs 250-crore ($51 million) credit from the Small Industries Development Bank of India (SIDBI) Full story

By Naagesh Naaraayana Microfinance Focus, Aug. 31, 2009: Apparently there is no avenue of microfinance that it does not enter.  Kolkata-based microfinance institution Bandhan has recently launched a new product for the unemployed youth called "Employing the Unemployed". In less than two months, it has reached 35 beneficiaries in 18 districts spread over two districts in West bengal. Unlike Bandhan's other ... Full story