Kolkata, July 11
Though the Budget has not made any direct impact on the microfinance industry, the overall proposals support the long-term growth of the industry, Kuldip Maity, MD & CEO, Village Financial Ser...
Kolkata, July 2
Onno Ruhl, Country Director, World Bank, along with other senior officials of the organisation will visit the Kolkata-based Bandhan Financial Services Pvt Ltd on July 10. Bandhan, a micr...
Mumbai, June 26
The loan portfolio of the microfinance sector is set to grow at a compounded annual rate of 35 per cent, to reach ₹45,000 crore by March end 2016
Hyderabad, June 11
Deposits should be used only for micro-lending, says Muhammad Yunus
Kolkata, June 4
‘We intend to continue to bring banking services to the doorsteps of savers, depositors’
Hyderabad, May 19
SKS Microfinance Ltd is getting ready to rise about ₹400 crore through Qualified Institutional placement (QIP). As part for the preparatory work, the trading window for SKS Microfin...
Kolkata, May 14
Leading micro finance institution Bandhan Financial Services, which has obtained banking licence from the Reserve Bank of India in April, has appointed Deloitte as its management consultant.»
Mumbai, April 10
Will also recruit senior, junior staff soon for bank work
Bangalore, July 16
IBM has entered into a six-year deal with Janalakshmi Financial Services (JFS) to provide the microfinance company technology solutions to disburse more loans and expand its India footprint...
Bangalore, July 7
Ujjivan Financial Services, a microfinance institution has raised Rs 60 crore of debt capital by issuing listed, secured, redeemable, non-convertible debentures (NCDs) to International Finance Cor...
Mumbai, July 1
The Reserve Bank of India has pegged the applicable average base rate for Non-Banking Financial Company-Micro-Finance Institutions (NBFC-MFIs) at 10.09 per cent for them to arrive at interest rate...
New Delhi, June 18
Micro Finance Institutions Network (MFIN), an industry body representing the microfinance industry, has been formally recognised by the RBI as a self-regulatory organisation (SRO)...
Bangalore, June 10
The microfinance institution loan book for 2013-14 grows 44%
Hyderabad, May 22
Lender hopeful of improved business prospects
Mumbai, May 15
Microfinance institution Bandhan, which has recently been given the go-ahead to set up a bank, has an old supporter, International Finance Corporation (IFC), keen to participate in its expansio...
Kochi, May 5
Gold loan major Muthoot Finance, has met the SEBI stipulation of having a minimum public shareholding of 25 per cent, a company press statement said on Monday.
The company offload a...
April 7, 2014
A week ago, the President of India signed into law a new ordinance giving SEBI more powers to crack down on Ponzi schemes. The move brings into focus the need to check investment schemes designed...