The MFI sector is rapidly expanding after the microfinance crisis in Andhra Pradesh in 2010 with gross loan portfolio (glp) rising to 61 per cent in FY 15. According to data compiled by industry regulatory body Microfinance Institutions Network ... Business Insider India, 1 month ago
Microfinance gross loan portfolio rose 61% in FY15: MFIN - VC Circle, 1 month ago
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KOLKATA: Two applicants for small finance bank license have found themselves in trouble with their lenders and industry association acting tough against them for financial irregularities. IDBI Bank has declared micro lender Sahara Utsarga Welfare ...Economic Times, 1 week ago
MUMBAI: Nearly five lakh households in rural and semiurban areas could benefit as the Asian Development Bank's (ADB) Chennai-based partner IFMR Capital is planning to release Rs 400-450-crore credit to microfinance institutions (MFIs) in the second ...Economic Times, 1 week ago
MUMBAI: Bandhan has become the first lender to receive a final banking licence from the Reserve Bank of India in more than a decade. Chandra Shekhar Ghosh, the promoter of the lender with the most frugal set-up, has said that the bank would shun ...Times of India, 2 weeks ago Bandhan to launch bank on August 23 VC Circle, 2 weeks ago
Making and selling portable toilets? Investors wrinkled their noses when Rajeev Kher, Managing Director of Pune-based Saraplast Pvt Ltd, first sought funds from them in 1999. Sixteen years later, the toilets have been such a success that he is ...Business Today India, 1 month ago
The past is never dead. It's not even past. William Faulkner's famous saying is now of significance in the Indian microfinance industry. The institutions that give tiny loans to the poor somehow seem to be rediscovering their long-lost obsession for ...Firstpost.com, 1 month ago India's microfinance loans are growing at a scorching pace, but it's a warning signal NextBillion.net, 1 month ago
The microlender swung to a profit in the third quarter of the year ended March 2013 after reporting losses for seven straight quarters. Hyderabad: SKS Microfinance Ltd, India's only publicly traded microlender, said on Monday that fiscal ...Livemint.com, 1 month ago
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