AU Small finance Bank
AU Small Finance Bank Raises INR 770 Cr via Tier-II Bonds
HDFC Bank played a crucial role as the lead manager and anchor investor for this issuance, alongside Nippon India Mutual Fund.
Rural Lending Platform SarvaGram Secures USD 67 Mn to Expand Credit Offerings
The Series D funding was led by Peak XV Partners, with support from Elevar Equity, Elevation Capital, Temasek, and TVS Capital, reaching INR 950 crore total funding.
Seeds Fincap Raises USD 8.5 Mn Led by Lok Capital and Matrix Partners to Boost MSME Lending and Tech Infrastructure
The Gurugram-based lender provides secured and unsecured loans to MSMEs ranging from INR 1–5 lakhs in ticket size.
Pepul and Cautio Secure Early Stage Funding
The Indian startups listed below have disclosed investment rounds.
Digital Lending Platform Propelld Raises USD 25 Mn Debt for NBFC Arm Edgro
The Bengaluru-based platform aims to deploy the raised money to expand its offerings and market reach.
Fincare Small Finance Bank merges with AU Small Finance Bank
With an emphasis on excellent post-merger customer service and smooth integration, the consolidation expands the client base and improves the distribution network.
RBI Gives Merger Approval of Fincare Small Finance Bank with AU Small Finance Bank
The merger will go into effect on April 1, 2024. AU would gain a presence in southern India and an entry into microfinance with the deal. The merged bank will have 2334 branches and AU's gross advances are Rs 67,624 crore.
This Is How Technology is Helping Small Banks to Compete with Large Ones
Like they say, there is nothing that technology cannot do