Micro credit involves very small loans of up to Rs 25,000 to poor borrowers, who lack collateral and steady employment. KOLKATA: State-run banks may have created a record with opening of Jan Dhan accounts, but when it comes to lending to the poor, they are ... Economic Times, 2 months ago
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KOLKATA: Microfinance institutions (MFIs) have become an important channel for banks' lending activity, thanks to poor demand from elsewhere and the fact that priority sector lending is going to be monitored strictly by the Reserve Bank of India. The loans to ...Economic Times, 1 week ago
Bangalore-based Ujjivan Financial Services Pvt Ltd, one of the top-tier microfinance institutions in the country, has raised Rs 100 crore ($15.5 million) from domestic mutual funds through listed and redeemable non-convertible debentures, the ...VC Circle, 2 weeks ago Ujjivan raises Rs. 100 crores NCD through HSBC India Infoline, 2 weeks ago
Capital infusion, infra financing, FDI in insurance etc among the many noteworthy changes. The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact. From governance issues of the banking sector to higher foreign direct investment and overhaul of the monetary policy framework, with inflation targeting as the aim, these would shape the banking and financial sector for a long while. "Some of the initiatives taken or ...Rediff.com, 1 month ago Why Attrition in This Sector May Rise 50% NDTV Profit, 3 weeks ago Why Attrition Rate in This Sector May Increase 50% This Year NDTV Profit, 3 weeks ago Micro term plans hold big things in small packages The Financial Chronicle, 2 weeks ago
The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the ...New Indian Express, 2 weeks ago
Patna: Centre's department of financial services (DFS) secretary Hasmukh Adhia on Sunday reviewed the microfinance activities in the state at two rounds of meetings, with focus on linking the operations of Micro Units Development & Refinance Agency ...Times of India, 2 weeks ago
The MUDRA Bill will seek to create a financial institution for providing funding to 5.77 crore micro and small business entities engaged in manufacturing, trading and services. The roles envisaged for MUDRA Bank include laying down policy guidelines for micro ...Jagran Post, 1 month ago
CRISIL has analysed the growth in fixed assets of 2,185 micro, small, and medium enterprises (MSMEs) in the manufacturing sector, rated on the basis of their financials for 2013-14 (financial year April 1 to March 31). The study shows that with an ...Business Standard, 1 month ago Only 20% N220b MSMEs fund disbursed, says CBN The Nation Nigeria, 2 weeks ago
Ujjivan Financial Services, the fourth largest domestic microlender which is expanding its business in volumes, is also looking forward to get a small finance bank licence to aggressively increase its footprint across the country. The Bangalore-based company ...The Financial Chronicle, 2 weeks ago
Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank. Micro Units Development and Refinance Agency (Mudra) Bank ...The Financial Chronicle, 2 months ago
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