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Creador buys into IKF Finance as Accion scores an exit

New Delhi, Nov. 17 -- Creador, the South and Southeast Asia-focused private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has invested in Indian non-bank lender IKF Finance Ltd... Read More


Namdev Finvest appoints former ICICI Bank exec as CBO

New Delhi, Nov. 17 -- Namdev Finvest, which is backed by Danish private equity firm Maj Invest and development finance institution British International Investment (BII) among others, has appointed fo... Read More


Deutsche Bank unit DWS, Nippon Life India Asset Management team up for AIF play

New Delhi, Nov. 13 -- German lender Deutsche Bank's unit DWS Group plans to pick up a 40% stake in a subsidiary of Nippon Life India Asset Management Ltd to jointly develop and build an alternative in... Read More


Goldman Sachs' Indian offices see record number of MD-level promotions; Bengaluru leads

New Delhi, Nov. 7 -- Indian offices of Goldman Sachs saw a record number of employees elevated to the managing director's post, in the latest round of promotions announced across the financial-service... Read More


Systematix appoints former StanChart execs to head private wealth unit

New Delhi, Nov. 4 -- Diversified financial services firm Systematix has appointed Bhaskar Hazra and Partha Sengupta as joint managing directors and chief executive officers of its private wealth busin... Read More


Farmers' insurer Kshema gets $20 mn from Green Climate Fund

New Delhi, Nov. 3 -- Kshema General Insurance, which offers insurance products to Indian farmers, has received an approval for capital infusion of $20 million (around Rs 178 crore) from the board of t... Read More


VC-backed Jupiter raises $13 mn from existing investors

New Delhi, Oct. 30 -- Bengaluru-based neo-banking startup Jupiter Money, has raised Rs 115 crore (around $13 million) in a fresh round of funding from existing investors Mirae Asset Venture Investment... Read More


RBI returns PE-backed Jana Small Finance Bank's universal banking application

New Delhi, Oct. 28 -- The Reserve Bank of India (RBI) has returned Jana Small Finance Bank's application for a voluntary transition to a universal bank, citing non-fulfilment of eligibility criteria, ... Read More


Blackstone to buy minority stake in Federal Bank

New Delhi, Oct. 24 -- Alternative asset manager Blackstone will acquire a 9.99% stake in Federal Bank for nearly Rs 6,196 crore (around $716 million). The investment will be made via Blackstone affil... Read More


Amicus-backed Berar Finance raises $17 mn; new investors enter captable

New Delhi, Oct. 22 -- Nagpur-headquartered non-banking lender Berar Finance has raised Rs 150 crore (around $17 million) led by Norwegian Fund Abler Nordic, along with participation from First Bridge ... Read More