Hyderabad, Feb 9
SKS Microfinance may raise up to ₹4,500 crore to meet its lending requirements during the next financial year.The company expects to raise ₹1,500 crore of the total fund requirement through...
Mumbai, February 7
In a bid to regulate the margins that microfinance institutions, classified as non-banking finance companies, charge, the Reserve Bank of India has prescribed a new formula. The central bank sa...
Hyderabad, January 24
SKS Microfinance’s net profit increased 31 per cent at Rs 21 crore in the third quarter ended December 31, 2013, compared with Rs 16 crore in the year-ago period on higher disbursals and lower ope...
Mumbai, Jan 6
Credit information company ECIS today said the delinquency rate of microfinance institutions (MFIs) has declined by 20 per cent between April and October 2013. “Delinquency rate by the n...
December 21, 2013
. Aavishkar Venture ManagementAavishkar’s Micro Venture Capital was launched in 2001. The fund has invested in 23 companies in various sectors and has also exited some of its investm...
New Delhi, Dec. 15
The much-awaited Microfinance Regulation Bill is unlikely to be taken up for passage during the ongoing winter session of Parliament, Rural Development Minister Jairam Ramesh said.
Mumbai, Dec 15
Micro Finance Institutions Network (MFIN), the umbrella body of micro-finance companies, will be seeking the Reserve Bank’s approval to become a self- regulatory organisation by the end of the mon...
New Delhi, Dec. 6
This service by Equifax will give a holistic profile of borrowers
Hyderabad, February 11
SKS Microfinance has completed its sixth securitisation transaction during the current financial year for ₹222 crore. “With this, the total sum of securitisations completed for FY14 (yea...
New Delhi, February 7
Panel unhappy with key issues; Cong members too baulk at sketchy proposals »
Thiruvananthapuram, Dec. 30
Thrissur-based ESAF Microfinance has been conferred status of a ‘Non-Banking Finance Company - Microfinance Institution.’ Referred to as NBFC-MFI in industry parlance, the Reserve Bank recognition...
Hyderabad, January 22
Amends bylaws; to apply to RBI »
New Delhi, Jan. 2
Dejected over the poor implementation of the seven-year-old recommendations of the Sachar Committee report, a group of academics working on socio-development issues have urged the Centre to...
Kolkata, Dec. 19
Kolkata-based microfinance institution, Village Financial Services Pvt Ltd (VFSPL), is looking to extend loans to the real estate sector. Two new products — one for urban areas and...
Hyderabad, Dec 15
SKS Microfinance witnessed financial frauds to the tune of Rs 2.1 crore during FY 2013 and is taking a slew of measures to prevent its employees from indulging in such offences.Investigatio...
Hyderabad, Dec. 12
SKS Microfinance Ltd has completed securitisation of Rs 81 crore in receivables. The company had “downloaded the receivables from micro loans extended to 100,850 rural women entrepreneurs...
Hyderabad, Dec. 4
The SKS Trusts, the single largest shareholder in SKS Microfinance Ltd, has complained to the Securities and Exchange Board of India (SEBI) that the company did not produce the Register of Proxies...