Microfinance institutions, or MFIs, have come a long way since the 2010 crisis in Andhra Pradesh that temporarily grounded SKS Microfinance, the leading micro-lender of that time and the only one listed on the stock market. In the last 18 months, ... Business Standard India, 1 week ago
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For India’s leading MFI-turned bank, the challenge is to stay competitive while pricing its loans While launching Kolkata-based Bandhan Financial Services' full-fledged commercial banking operations on Sunday, Finance Minister Arun Jaitley, said change in developmental politics and developmental environment will be created by institutions like the Bandhan Bank. "I think this beginning is also important in terms of the return of entrepreneurship to the state of West Bengal, which was ...Rediff.com, 1 month ago
SKS Microfinance shares fall over 15% on failing to bag small bank license; analysts downgrade stocks
Share price of SKS Microfinance plunged over 15 per cent on Friday after the company failed to get the small bank license from the Reserve Bank of India. (Photo: PTI) Share price of SKS Microfinance plunged over 15 per cent on Friday after the ...Financial Express, 2 weeks ago
After giving licences to 11 payments banks in August, the Reserve Bank of India (RBI) on 16 September announced a fresh set of 10 licences—this time for the so-called small finance banks. And eight of them are from the microfinance industry which ...Livemint.com, 2 weeks ago Those who missed out on small finance banks VC Circle, 2 weeks ago
MUMBAI: Industrial activity may not be setting a blazing pace yet as the country comes out of a three-year slowdown, but the economy in Bharat seems to be picking up the pieces. Fund raising by lower rated micro finance companies have trebled in the June ...Economic Times, 2 months ago
Mobile wallet operators are seeing an opportunity in handling cash for small businesses, MFIs, insurance companies and others which generate cash on a daily or weekly basis. While tapping these segments, the wallet companies or their appointed agents are ...The Financial Chronicle, 2 months ago
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