MFI’s in India conclude securitization deals of Rs 650 Crore – News Digest

Bandhan Microfinance keen on banking foray; securitises Rs 355 crore loans
Micro-credit company Bandhan Microfinance is preparing to apply for banking licence as it meets all the criteria specified in the final guidelines released by the Reserve Bank, a top company official has said. Read more

Bandhan sks

ESAF Micro concludes Rs 102-cr securitisation deal
ESAF Microfinance, a leading microfinance institution based in the State, has announced conclusion of five microfinance securitisation transactions aggregating to Rs 102 crore during March, 2013. Read more

SKS Microfinance concludes two securitisation transactions
Deals aggregate to Rs 226 crore, completes 12 securitisation transactions with the deals. Read more

Lok Capital exits Satin Creditcare
Satin Creditcare said it has raised fresh equity to the tune of Rs.41 crore from three other venture capital firms. Read more

IFC to lend up to $11M to Pune-based Suryoday Microfinance
International Finance Corporation (IFC), the private sector investment arm of the World Bank, is planning to make a quasi-equity and senior debt investment of up to $11 million (Rs 60 crore) through ECB route in Suryoday Microfinance Private Ltd. Read more

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