Belstar

Belstar Microfinance to prioritise consolidation over growth in coming qtrs

MFI's stressed loans rise sharply to 3.5% in September from 1.47%

RBI imposes penalty on Sundaram Home Finance, Belstar Microfinance

The RBI stated that Sundaram Home Finance failed to conduct periodic updates of KYC for certain customers within the prescribed time frame

Belstar Microfinance files DRHP with Sebi for Rs 1,300 crore IPO

According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors

Belstar Microfinance raises Rs 275 cr from Affirma Capital, others

Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round

Muthoot Finance net profit rises 4% at Rs 1,044 cr in December quarter

The Company's net profit stood at Rs 1,006.60 crore in the corresponding quarter a year ago

Belstar raises $28 mn from Muthoot Finance and Denmark-based fund

While Maj has picked up an 11% stake in the company, Muthoot, which had around 71% before this infusion, now owns 74%