Janalakshmi Financial Services

The current round of funding is a crucial step in enabling the micro-lender to complete its transition into a small finance bank.

FIPB to consider 14 foreign investment proposals on June 10

As many as 14 foreign investment proposals including that of IBM India, Janalakshmi Financial Services and Macmillan Publishers International will come up for consideration before the inter-ministerial body FIPB later this week

Won't see many downgrades as expectations muted: iPru AMC

The stock market is unlikely to witness too many earnings downgrades from hereon as it is going into the second quarter earnings with muted expectations, says Manish Gunwani, senior fund manager with ICICI Prudential Asset Management Company.

IBM sets up public data centre in Chennai

Part of the company's global investment of USD 1.2 billion, it is IBM's second such centre in India. The first one in Mumbai offers private cloud computing services.

Accenture To Help Janalakshmi Financial Services Scale Up Operations

Indian microfinance company to outsource core business processes and IT management to Accenture.

Videocon Ind unit withdraws application for bank licence

Value Industries was among the 26 applicants for a new banking licence in the private sector, for which the Reserve Bank had invited applications by July 1 this year.

Janalakshmi Fin Services raises Rs 325cr; aims to cut debt

In an attempt to aid its expanding loan portfolio, Janalakshmi Financial Services raised Rs 325 crore by selling its stake to different entities. By doing so, the company aims to aid its expanding loan portfolio, reports CNBC-TV18's Vineetha Athrey.

RBI relaxes NBFC-MFI rules: Positives and negatives

The Reserve Bank of India has relaxed guidelines for all non-banking financial company-micro finance institutions (NBFC-MFIs). In an interview to CNBC-TV18, Ramesh Ramanathan, chairman of Janalakshmi Financial Services analyses the new guidelines.

MFIs to turn business correspondents for banks

Microfinance companies may be looking at all potential business opportunities to tide over the crisis in the sector. “They are now exploring the possibility of acting as business correspondents for banks to achieve financial inclusion,” reports Gopika Gopakumar of CNBC-TV18.

Initial lending to MFIs may not be strong: Janalakshmi Fin

Bangalore-based urban microlender Janalakshmi Financial Services raised Rs 65 crore from Citi Venture Capital International (CVCI which is based out of London. Ramesh Ramanathan, Chairman of the company, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, spoke about the latest happenings in his company and the road ahead.