Mumbai, April 21
Gold loan major Muthoot Fincorp, the flagship brand of diversified Muthoot Pappachan Group, is targeting to nearly double its micro-lending business to Rs 600 crore this fiscal from Rs 330 crore i...
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Mumbai, April 9
Micro-credit company Bandhan Microfinance is preparing to apply for banking licence as it meets all the criteria specified in the final guidelines released by the Reserve Bank, a top company offic...
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Hyderabad, March 24
SKS Microfinance, the country’s only listed microfinance lender, may raise Rs 3,000 crore during the next fiscal to meet its lending requirements, a senior official of the company has said.
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Hyderabad, Mar 21
Country’s only listed micro lender SKS Microfinance today said it plans to resume lending operations in Andhra Pradesh soon, two years after the state government came out with a stringent laws to...
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Mumbai, Mar. 7
UK-headquartered, Standard Chartered Bank will originate and service $150 million microfinance institutional loans across Asia in collaboration with the Asian Development Bank (ADB).
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Panaji, Feb 26
The nationalised banks in Goa should reach out to fish vendors in the state who presently rely to a great extent on moneylenders from Tamil Nadu and end up paying high interest rates, a top Reserv...
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Mumbai, Feb. 23
Microfinance sector also hopes for tax sops on 40% of their profit
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Mumbai, Feb. 19
Institutions outside Andhra Pradesh account for 70% of total payout
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Dubai, April 22
Islamic microfinance is rapidly gaining acceptance in Muslim and non-Muslim countries due to its remarkable success in poverty eradication, a leading industry official has said. Muhammad Zu...
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Thiruvananthapuram, April 9
ESAF Microfinance, a leading microfinance institution based in the State, has announced conclusion of five microfinance securitisation transactions aggregating to Rs 102 crore during March, 2013.
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April 7, 2013
Satin Creditcare Network Ltd, a Delhi-based microfinance institution, has raised Rs 41 crore from three funds.
It will use the funds to grow in rural areas in North India, where it will i...
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Hyderabad, March 22
Andhra Pradesh Government is planning to challenge an interim order of the Supreme Court allowing SKS Microfinance to operate in the State bypassing the AP MFI Act. While hearing a leave...
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Kolkata, March 21
Village Financial Services (VFS), a micro-finance institution, on Thursday opened a new branch at the Purnea district of Bihar. VFS now has 100 branches spread across 22 districts in Bihar and Wes...
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Mumbai, Mar 5
Microfinance firm Grameen Financial Services, popularly known as Grameen Koota, has raised its third round of equity funding of Rs 53.20 crore from Creation Investments, Incofin and MicroVentures....
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Mumbai, Feb 24
The Microfinance Institutions Network (MFIN) has hinted at challenging the recent Andhra High Court order upholding the legality of the Andhra MFI Act in the Supreme Court, a top official of the u...
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Hyderabad, Feb. 20
The Insurance Regulatory and Development Authority (IRDA) has slapped a Rs 50-lakh penalty on SKS Microfinance Ltd, in perhaps the highest-ever penalty imposed so far. Th...
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Kolkata, Feb 16
RBI’s Chakrabarty says firms should convert into banks to accept public deposits
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