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Don’t miss the latest developments in business and finance.
Belstar Microfinance to prioritise consolidation over growth in coming qtrs
MFI's stressed loans rise sharply to 3.5% in September from 1.47%
RBI imposes penalty on Sundaram Home Finance, Belstar Microfinance
The RBI stated that Sundaram Home Finance failed to conduct periodic updates of KYC for certain customers within the prescribed time frame
Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO
According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors
Belstar Microfinance raises Rs 275 cr from Affirma Capital, others
Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round
Muthoot Finance net profit rises 4% at Rs 1,044 cr in December quarter
The Company's net profit stood at Rs 1,006.60 crore in the corresponding quarter a year ago
Belstar raises $28 mn from Muthoot Finance and Denmark-based fund
While Maj has picked up an 11% stake in the company, Muthoot, which had around 71% before this infusion, now owns 74%