Microfinance News Digest

Bandhan picks Deloitte for Banking Entry : News Digest

bandhan microfinance

Bandhan picks Deloitte to help in banking entry
Deloitte will assist the Kolkata-based microlender to chart out a road map to convert the entity into to a bank. Read more at Livemint

SKS Trust sells big chunk of its stake in SKS Microfin
SKS Trust has an additional stake of 4.88% in SKS Microfinance. Business Standard

SKS Microfinance set to raise Rs400 crore through QIP
The company has set the floor price at Rs.235.06 per equity share. Livemint

SKS Trust buys Outreach Financial Services India . India TV

Grameen Koota raises around $13.5M of fresh equity from existing investor MicroVentures
With the new round of equity infusion and acquisition, the total stake of MicroVentures in Grameen has risen to 64.8 per cent. VCCircle

Two FIIs pick up stake in Equitas
In the last fiscal, Equitas disbursed Rs.1,505 cr while the gross loan portfolio was Rs.1,503 cr. Business Line

Crisil upgrades ESAF Microfinance
Crisil has upgraded the rating of microfinance player ESAF to mfr2 on a scale of one to eight, where mfr represents grading of microfinance companies; mfr1 is the highest rating and mfr8, the lowest. Business Line

PEs bullish on Indian banking sector
The Indian banking sector is witnessing a sudden wave of interest from private equity (PE) investors. The past two months have seen large PE deals in listed entities such as Ratnakar Bank, Karur Vysya Bank, ING Vysya Bank and Dhanlaxmi Bank. Business Standard

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