The assets were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 which include bank balances worth Rs 0.75 crore and immovable assets worth Rs 6.04 crore.
Assam Chief Minister Himanta Biswa Sarma on Monday said that the government's 'Sankalp' of ending the culture of exploitative micro finance lending is close to fruition.
New Delhi [India], October 4: Fusion Micro Finance [BSE (BOM: 543652) and NSE (NSE: FUSION)], one of India's leading NBFC-MFIs, has announced that CRISIL, the Credit Rating Agency, has upgraded its credit rating on the Bank Loan Facilities and Non-Convertible Debentures of Fusion Micro Finan
Mumbai (Maharashtra) [India], May 25: Sahamati, an Alliance for the Account Aggregator Ecosystem, successfully conducted 'SamvAAd-2023', the first-ever Annual Conference for Account Aggregator sector. The one-day event, held on May 24, 2023, saw participation from over 900 delegates from
New Delhi [India], April 4 (ANI/NewsVoir): SATYA MicroCapital, one of the fastest growing RBI registered NBFC-MFI has achieved the milestone of Rs 5001 crores Assets Under Management on the commencement of FY23-24. This is not the only feather SATYA has added to its golden cap at this moment
Mumbai (Maharashtra)/ New Delhi [India], March 3 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Kotak Mahindra Bank Limited (Kotak), in relation to the acquisition of Sonata Finance Private Limited (Sonata), a Non-Banking Finance Company - Micro Finance Institution registered wi
The body of a micro-financer woman, who used to give loans to the 'rehri-patri' hawkers in West Delhi, was exhumed from a crematorium in the Nangloi in the national capital on Wednesday, confirmed the Delhi Police
Guwahati (Assam) [India], October 20 (ANI): The Assam government will provide scooters to 35,800 meritorious students who successfully passed the Higher Secondary (Class 12) examination this year.
Guwahati (Assam) [India], September 24 (ANI): Assam Cabinet on Friday took several key decisions pertaining to setting up floating solar plants in beels, seat reservations in medical education, city gas distribution pipeline and others.
New Delhi [India] July 8 (ANI/SRV): Impact lender, Ananya Finance for Inclusive Growth Pvt Ltd, one of the NBFCs of India is set to expand its span of operation by joining hands with Prayas Financial Services Pvt Ltd, a Micro Finance company. Ananya has announced acquiring a majority stake i