Shayan Ghosh
Stories by Shayan Ghosh
India: Non-bank lender Ess Kay Fincorp raises $46m from TPG Growth, Norwest, others
With this, the company said it has raised over $136m of external capital.
Yes Bank joins list of suitors bidding for Citibank’s Indian retail assets
Citibank India has 35 branches, 1.2 million bank accounts, and 2.2 million credit card accounts.
Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital
Techfino provides customised consumer loans in education and healthcare sectors.
PE investor JC Flowers emerges highest bidder for Sathavahana Ispat debt
The debt was tagged as non-performing in the lenders’ books more than three years ago.
India: Two PE funds mull capital infusion in Srei Equipment Finance
These are US-based Arena Investors LP and Singapore's Makara Capital Partners.
India: Srei Equipment Finance receives investor interest for capital raise
The company’s board has also constituted a strategic coordination committee (SCC) to aid in raising fresh capital.
New central bank norms may attract more investments into India’s non-bank lenders
The guidelines will provide more confidence to potential investors, experts said.
India: Reliance Capital suitors can submit EoIs till Dec 17
The asset monetization process is being managed by SBI Caps and JM Financial Services.
India’s central bank asks HDFC Bank to halt sourcing new credit card customers
There was an outage in the bank’s internet banking and payment system on Nov. 21.
India’s central bank rejects Muthoot Finance’s bid to buy IDBI’s mutual fund business
Sponsoring an MF is not in consonance with operating an NBFC, says RBI
