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About 839 results for "mfi"

Bandhan is reborn as a bank

Bandhan is reborn as a bank

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 ..., 1 week ago
Bandhan to be reborn as a bank today Business Standard, 1 week ago

Bandhan first MFI to turn into universal bank

The country's youngest lender Bandhan Bank kicked off operations on Sunday with a loan book of Rs 10,500 crore, 501 branches and 1.43 crore account holders.
 Times of India1 week ago Bandhan Bank aims to debut with 1 cr accounts  The Financial Chronicle1 month ago
Money Control

Bandhan, as an MFI, extended loans to small entrepreneurs

"The NPA rate of those small entrepreneurs is less than 1 percent. More than 99 percent of them earn a return on what they borrow from institution," Jaitley said.
 Money Control1 week ago

MFI credit bureaus comb client data to smooth microloans

Three years after India's first credit bureau for microfinance institutions (MFIs) opened shop, teething troubles continue to prevent lenders and borrowers from making full use of it. When CRIF High Mark Credit Information Services Pvt. Ltd ...
 Livemint.com2 weeks ago
India Infoline

Top mutual fund news of the day- August 29, 2015

Ujjivan Financial Services Private Limited, a microfinance institution (MFI) based in Bangalore, India, recently announced that it has raised Rs. 500 mn from United Trust of India. Ujjivan Financial Services Private Limited, a microfinance institution (MFI) ...
 India Infoline3 days ago Ujjivan, First MFI to raise CP through domestic Mutual Fund  India PRwire4 weeks ago Yoube Jewellery to showcase Amare  APN News1 month ago Ujjivan raises Rs 50 crore through commercial papers  Times of India1 month ago

Grameen Koota achieves 1 million microfinance customers

Bangalore-based NBFC MFI, Grameen Koota Financial Services Pvt Ltd (Grameen Koota) has reached a new milestone of 1 million microfinance customers, in a testimony to its strong client-centric approach aimed at providing holistic financial and social ...
 Moneycontrol.com1 month ago Grameen Koota Reaches Milestone with 1 Million Microfinance Customers  Businessworld India1 month ago Grameen Koota achieves milestone of a million microfinance customers  Business Standard1 month ago

MFI industry on an interest rate cut spree

Lower costs of funds, better operational performance aids Namrata Acharya | Kolkata August 8, 2015 Last Updated at 22:28 IST Lessons learned by the microfinance industry from the events about five years ago, leading to near collapse of the industry, are new ...
 Business Standard3 weeks ago

MFI sector can cover Bandhan gap of Rs 10k cr: Ratna Vishwanathan

The Micro-finance Institutions Network (MFIN), the representative body of MFIs, has been instrumental in bringing out several regulatory changes in the sector. With Bandhan set to become a bank and several other MFIs seeking to become small finance banks, the ...
 Business Standard1 month ago By increasing lending portfolio, MFI sector can cover up Bandhan gap of Rs 10,000 cr: Ratna Vishwanathan  Smart Investor1 month ago

Kolkata Based MFI Village Financial Plans Funding

Village Financial, a registered NBFC, is planning to raise R25 Cr and is in talks with Maanaveeya and Dia Vikas Capital. Maanaveeya, operates as a subsidiary of Oikocredit, a 40 year old global development financing institution. Dia Vikas Capital, ...
 Deal Curry1 month ago Village MFI looks for social equity investment  Press Trust of India1 month ago PTI - VILLAGE - Village MFI looks for social equity investment  Namibia Press Agency1 month ago LeapFrog Joins USD38.4m Founding Round for BIMA Microinsurance  Africa Assets1 month ago

Microfinancier Bandhan is banking on people's trust

At the lowest strata of Bandhan’s MFI operations are credit officers, who don’t require much formal education, except a class 12 certificate.   When Bandhan, India’s largest microfinance firm, graduates to be a bank on August 23, Sankari Saha might deposit Rs 10. While Ashoka Mitra plans to begin with Rs 1,000, Keya Chakraborty, running a wholesale medicine business for the past five years or so -- she is one of the richest in the group -- might deposit as much as Rs ...
 Rediff.com1 month ago India gets a new private bank after 11 years  The Financial Chronicle1 week ago Bandhan to start banking operations from Aug 23  The Financial Chronicle1 month ago Bandhan gets bank licence from RBI, to debut on Aug 23  The Financial Chronicle2 months ago
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