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Business News: Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra

Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra : Rashtra News #Profitability #subdued #NBFCMFIs #SFBs #fiscal #credit #costs #stay #elevated #Icra In view of the muted performance in the first half of this fiscal, Icra has revised the FY22 growth outlook for the AUM of NBFC-MFIs to ....

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Rabo, others back Avanti Finance with $24 mn cheque

Technology-led non-bank finance company (NBFC) Avanti Finance raised $24 million (about ₹197 crore) in funding from Rabo Partnerships, a wholly-owned unit of the Rabobank Group, and IDH Farmfit Fund. Existing investors Oikocredit and NRJN Trust also joined the fundraise.

The Bengaluru-based company said it will use the funds to enhance its .. ....

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Latest News | Kotak Mahindra Bank Acquires Microlender Sonata for Rs 537 Cr in All Cash Deal

Get latest articles and stories on Latest News at LatestLY. Kotak Mahindra Bank (KMB) on Friday announced that it has fully acquired microlender Sonata Finance for Rs 537 crore.
Latest News | Kotak Mahindra Bank Acquires Microlender Sonata for Rs 537 Cr in All Cash Deal. ....

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India offers huge potential for digital challenger banks, says report

Read more about India offers huge potential for digital challenger banks, says report on Business Standard. But currency depreciation and local regulations are concerns for foreign investors: Report ....

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India offers huge potential for digital banks: Report

Leading consultancy BCG said in the report on Wednesday that the revenue opportunity in India, which has a population of 130 crore people, was pegged at being up to ten times higher than that of rest of South East Asia. ....

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