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Lakshmi Vilas Bank’s merger with NBFC may open more such possibilities

KOLKATA: The role of two central bank nominees to the board of Lakshmi Vilas BankNSE -2.68 % would be in focus on Friday when the highest policy-making group at the lender meets to possibly consider a merger with a non-banking finance company (NBFC). An approval from the two nominees –...

March 8, 2019 Loknath Das Banking No Comment

NBFC Shiksha Finance raises funds from Dell Foundation

Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan...