Hyderabad, July 24
SKS Microfinance Ltd’s net profit increased in the first quarter ended June 30, 2014 at Rs 49 crore compared to Rs 4.96 crore in the corresponding quarter of previous year.
July 20, 2014
This social venture fund provides a leg-up to micro-finance institutions »
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...
Thiruvananthapuram, Aug 11
Kerala-based ESAF Microfinance has raised ₹47.5 crore throught private placement of non-convertible debentures (NCDs).
According to a spokesman, the NCD issue is listed with the Bombay St...
New Delhi, July 24
Continuing with the bullish stance on SKS Microfinance, India’s only listed player in the sector, foreign investors have hiked their stake in it to all-time high of 44.61 per cent during the April...
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...