MFI’s in India conclude securitization deals of Rs 650 Crore – News Digest

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Bandhan Microfinance keen on banking foray; securitizes Rs 355 crore loans

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.MFI’s in India conclude securitization deals of Rs 650 Crore – News Digest

ESAF Micro concludes Rs 102-cr securitization deal

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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.

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SKS Microfinance concludes two securitization transactions

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Deals aggregate to Rs 226 crore, completes 12 securitization transactions with the deals. Read more

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Lok Capital exits Satin Creditcare

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Satin Creditcare said it has raised fresh equity to the tune of Rs.41 crore from three other venture capital firms. Read more

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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

Sushma Singh

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