Micro-credit company Bandhan Microfinance is preparing to apply for a banking license as it meets all the criteria specified in the final guidelines released by the Reserve Bank, a top company official has said. ESAF Micro concludes Rs 102-cr securitization deal ESAF Microfinance, a leading microfinance institution based in the State, has announced the conclusion of five microfinance securitization transactions aggregating to Rs 102 crore during March 2013. SKS Microfinance concludes two securitization transactions Deals aggregate to Rs 226 crore, completes 12 securitization 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 the ECB route in Suryoday Microfinance Private Ltd. Read more
