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Upon completion, this acquisition will elevate Svatantra to become India's second-largest microfinance firm, extending its reach to over 3.6 million active customers , , Svatantra Microfin, Ananya Birla, Chaitanya India Fin Credit
Deal to be concluded by 2023-end and combined entity will have assets worth Rs 12,409 cr
Mumbai: In one of the biggest deals in the microfinance industry, Ananya Birla’s Svatantra Microfin Private Limited (Svatantra), has entered into a definitive agreement to acquire Chaitanya India Fin Credit Private Limited (Chaitanya), a wholly owned
In the changed post COVID-19 business landscape, the global market for Microfinance estimated at US$187.3 Billion in the year 2022, is projected to reach a...
Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS'21 to JAS'22. Highest number of loans are issued under 30k-40k ticket size category and it witnessed annual growth of 13% from JAS&...