Kolkata: IIFL Finance‘s microfinance subsidiary IIFL Samasta Finance is all set to hit the market with to raise Rs 1000 crore in its maiden public bond issue at 9.6-10.5% interest rate.One of the leading NBFC-MFI with Rs 12200 crore of assets under management, IIFL Samasta plans to use the proceeds to fund its growth and … Read more
India’s largest NBFC-MFI CreditAccess Grameen is for the first time planning to tap the retail bond market to raise up to Rs 1,500 crore as it looks to diversify its funding source and reduce the on bank borrowing. The retail bonds – likely to be for three- to five-years tenure – may bear interest rates … Read more
Kolkata: Overseas private equity investors are making a beeline to raise their stakes in India’s small and micro lending landscape, which has turned around from the lows seen during Covid-19 and is again back on the growth track. In one of the biggest investments in the microfinance space in recent times, British International Investment along … Read more