the Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Rules - later made into an Act - issued in October 2010. Sparked by reports of some microfinance institutions (MFIs) using coercive means to recover loans, the ordinance imposed ... Money Today, 1 day ago
Microfinance loan book to grow to Rs 450 bn by FY16: CRISIL - Moneycontrol.com, 2 months ago
'MFI loan portfolio set to grow 35% CAGR by FY16' - Financial Express, 2 months ago
More from: MyIris, India Infoline...and 4 other sources
Two-Andhra Pradesh-based Share and Asmita microfinance, a part of corporate debt restructuring (CDR) cell, are expecting a debt infusion of nearly Rs 630 crore by September 2014. Share, will get a funding of nearly Rs 112 crore by the end of this ...Smart Investor, 1 month ago
Much before a wave of suicides in Andhra Pradesh, attributed to widespread over-indebtedness, and a clampdown that followed tarnished the image of microfinance in India, the capital markets loved these institutions. The Rs 1,654 crore initial public offering ...The Financial Chronicle, 2 months ago
Association of Microfinance Institutions West Bengal (AMFI-WB) has organized Bankers and MFIs meet to facilitate direct interaction between industry players and banking fraternity. The house came to an agreement that there is ample scope of ...The Echo Of India, 1 day ago
We estimate 65% EPS CAGR for FY14-17, with an average ROE of 23%, the best in our coverage, which should help sustain, if not re-rate, valuation. Regulatory and credit bureau moves to improve business sustainability should also benefit SKS. ...Financial Express, 2 days ago
after a foreign brokerage initiated coverage on the stock with an overweight rating. Meanwhile, the BSE Sensex was up 53.24 points, or 0.20%, to 26,613.39. On BSE, so far 7.95 lakh shares were traded in the counter, compared with an average volume ...Business Standard India, 2 days ago
The Government has started consultations with all stakeholders, including State Governments, and may bring in a new legislation for regulating micro-finance institutions (MFIs), Finance Minister Arun Jaitley said in the Lok Sabha. This is because ...Hindu Business Line, 1 month ago Govt starts consultations for enacting law for MFIs Economic Times, 1 month ago Government starts consultations for enacting law for MFIs Jagran Post, 1 month ago
More from: , IndiaPost...and 1 other sources
Wouldn't you like to invest in a fund that gives decent returns and also makes you feel good about making a social impact? The social venture fund launched by IFMR Investment Adviser Services seeks to provide long-term funding to micro-finance ...Hindu Business Line, 1 month ago
North East-focused microlender RGVN raises $7M from NMI, Oikocredit... US-based Qliktag acquires digital media agency Buzzfactory French cement maker Vicat to buy out Sagar Cements in Indian JV for $...
Guwahati-based microfinance institution RGVN (North East) Microfinance Ltd (RGVNMFL) has raised Rs 41.8 crore ($7 million) from Norway's Norwegian Microfinance Initiative (NMI) and Dutch social investor Oikocredit with participation of existing ...VC Circle, 1 month ago
Banks are working on setting up 'Rural ATMs' for dispensing currency notes of smaller denominations, RBI's Deputy Governor R Gandhi said today. "We have encouraged banks to find a solution for bringing in rural ATMs. Typically in city or urban ...Business Standard India, 1 month ago Banks working on setting up rural ATMs: R Gandhi Smart Investor, 1 month ago Banks working on setting up... The Echo Of India, 1 month ago Banks to set up 'rural ATMS': RBI Times of India, 1 month ago
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