The microfinance sector has gone through several ups and downs in India. After the euphoria of exponential growth, the crisis in Andhra Pradesh and the subsequent freeze in business along with non-repayments saw many organizations going under, while ... Livemint.com, 3 days ago
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Feb. 18--MUMBAI -- Reserve Bank of India (RBI) governor Raghuram Rajan chose to surprise the markets with a quarter percentage point rate increase in January against the recommendation of a majority of the external members who were part of the ...BusinessWeek, 2 weeks ago Jan 28 rate hike: Rajan went against majority view yet again Economic Times, 2 weeks ago January 28 rate hike: Raghuram Rajan went against majority view yet again Times of India, 2 weeks ago Rajan went against majority view in Jan 28 rate hike Moneycontrol.com, 2 weeks ago
Members were of the view that global growth is showing signs of improvement in 2014 The thirty fifth meeting of the Technical Advisory Committee (TAC) on monetary policy was held on January 20, 2014 in the run up to the Third Quarter Review of ...India Infoline, 2 weeks ago Minutes of the January 20, 2014 Meeting of the Technical Advisory Committee on Monetary Policy Moneycontrol.com, 2 weeks ago RESERVE BANK OF INDIA : Minutes of the January 20, 2014 Meeting of the Technical Advisory Committee on Monetary Policy 4 Traders, 2 weeks ago
While the NBFC-MFIs may have to review interest rates and borrowing costs on a quarterly basis, practically it may not be possible for them to review interest rates charged and revise instalments. Also in the tug of war of maintaining interest ...Money Life, 3 weeks ago
Krishna crisis of 2006 and Andhra crisis of 2010 have demonstrated that the self-regulatory organisation and code of conduct framework have failed to deliver. By:M.S. Sriram But consumer protection and redress cannot be left to the industry ...Indian Express, 3 weeks ago
RBI's new rules will come into effect from the quarter beginning 1 April 2014. Photo: Pradeep Gaur/Mint Mumbai: The Reserve Bank of India (RBI) on Friday announced rules giving more flexibility to microfinance institutions (MFIs) to calculate the ...Livemint.com, 4 weeks ago Microfinance body to seek self-regulatory status Hindu Business Line, 1 month ago
MFI can charge an interest rate equal to 2.75 times the average of the base rates of the top five commercial banks. Reuters Summary The MFI will have to adopt the lower of the two, the RBI said. The Reserve Bank of India (RBI) has ...Financial Express, 3 weeks ago
Parliament's standing committee on finance is all the Micro Finance Institutions (Development and Regulation) Bill, 2012. The panel, in which Congress Vice-President Rahul Gandhi is also a member, in its draft report on the Bill has asked the ...Hindu Business Line, 4 weeks ago
The High Court has concluded appeal hearings into one of four corruption cases concerning Deputy Speaker Ahmed Nazim. Today's case was lodged by the Prosecutor General (PG) after the lower court had ruled Nazim innocent. The hearing concerned ...Minivan News, 1 month ago
NBFC borrowings from the banking sector increased four times from Rs. 542 billion in March 2006 to Rs. 2,508 billion in March 2013 (Speech delivered by P Vijaya Bhaskar, Executive Director, Reserve Bank of India at ASSOCHAM in Delhi on January 23, ...India Infoline, 1 month ago
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