Sahib Sharma

India: Satin Creditcare raises $23m via QIP

Satin Creditcare sold 4.92 million shares to qualified institutional buyers (QIBs) at a price of Rs305 per share.

India: Fino Payments Bank commences operations

Fino is the fourth payments bank after Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank.

India: IDBI Bank seeks to sell $776m of non-core assets

IDBI is struggling with rising bad loans and negative return on assets.

India: IndoStar Capital appoints R Sridhar as CEO, executive VC

Ex-chief Bhandari will remain on IndoStar’s board and stay as a shareholder.

India: RBI grants final licence to RGVN Microfinance for small finance bank

India: Small bank licencee Au Financiers’ IPO plan okayed

It will launch the IPO next quarter.

India: Bank of India, Union Bank of India sell stake in TransUnion CIBIL

India: Equitas looks to trim micro-loan portfolio to 25%

It plans to enter farm loans, gold loans and unsecured business loans.

India: RGVN Microfinance reduces foreign stake to 48% to comply with RBI norms

RGVN Microfinance will now apply for the final permit to start a small finance bank

India: Ujjivan becomes 5th entity to start small finance bank