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Satya MicroCapital raises Rs 153 crore in equity from Japan s Gojo & Company
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Bhubaneswar-headquartered Annapurna Finance and Kolkata-grown Janakalyan Financial Services are also looking for equity expansion, two people familiar with the matter said.
Arohan Financial Services, one of the top micro lenders, is preparing for an initial public offer later this year.
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Kolkata: Microfinance company
Satya MicroCapital has raised Rs 153 crore in equity from Japan s Gojo & Company Inc in one of the biggest fundraisings by a microfinance firm amid pandemic while at least three others are in the process of raising capital with the market showing signs of restoring normalcy.
Assam Microfinance Bill May Give A Bigger Jolt To Banks Than Pure-play MFIs moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Bandhan Bank has registered a 13 per cent decline in net profit at ₹633 crore for the quarter ended December 31, 2020, against ₹731 crore in the same period last year on the back of higher provisionin
Bandhan Bank s collection efficiency hit in Assam as state passes micro-finance bill
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MUMBAI :
Bandhan Bank, a large player in the micro-finance market, has seen its collection efficiency dip in Assam days after the Bharatiya Janata Party-ruled state passed a bill to regulate micro finance lenders.
The Kolkata-headquartered lender witnessed a 10-percentage point contraction in collection efficiency between the December quarter and 1-16 January, to 78%. Collection has dipped in West Bengal as well, but by a meagre 1 percentage point, showed data released by the bank on Thursday.
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