Mumbai, March 21
Loan disbursals by MFNs rose 52 per cent in the third quarter of this last fiscal, taking the total outstanding to Rs 18,425 crore, driven by robust growth in client additions in Tamil Nadu and We...
Mumbai, March 12
The Reserve Bank of India on Wednesday said loans given by banks to microfinance institutions can get the “priority sector loan” tag only if the latter fulfill criteria relating to lending rate an...
New Delhi, Feb 18
The Centre must come up with a fresh Micro Finance Bill before Parliament, the Standing Committee on Finance headed by BJP leader Yashwant Sinha has said. The current Bill –Micro...
February 13, 2014
The track record of industry associations which have turned regulators does not inspire confidence
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...
Kolkata, April 4
Priority sector lending, which is viewed by most banks as a high-risk regulatory obligation, will be the focus area for the upcoming Bandhan Bank. The RBI’s priority sector lending mandate...
Hyderabad, March 17
Have completed necessary changes in management, says MFIN CEO
Mumbai, March 6
Loan outstanding highest in Tamil Nadu and Andhra Pradesh, reveals MFIN report »
New Delhi, Feb 17
A Parliamentary panel has rejected the bill on micro-finance institutions (MFIs) and asked the government to bring a fresh legislation before Parliament.The bill had sought to empower the R...
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...