As per ICRA estimates, the MFI sector, including self- help groups (SHGs) and NBFC-MFIs, had a total portfolio of Rs 780 billion as on September 30, 2014, ICRA said in a report here. PM Narendra Modi launched the Rs 20,000 cr MUDRA Bank today, ... Financial Express, 1 month ago
MUDRA Bank can be positive for microfinance sector: ICRA - First Post.com, 2 months ago
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SIDBI VC's Samridhi Fund has invested R25 Cr in Bubaneshwar based NBFC MFI, Annapurna Microfinance, to finance the latter's expansion into newer geographies. Annapurna Microfinance Pvt. Ltd (AMPL) is a central-eastern focussed microfinance venture ...Deal Curry, 1 month ago
Intrepid Finance & Leasing, an RBI registered NBFC-MFI and the lending arm of corporate business correspondent (BC) FINO PayTech, is all set for the big stage in the MFI space. As on March 31, 2015 Intrepid's assets under management (AUM) crossed Rs ...Hindu Business Line, 1 month ago
Arohan is the second NBFC MFI in the country with close to Rs 400 crore assets under management spread over four states BS Reporter | Pune March 30, 2015 Last Updated at 14:04 IST Arohan, an Intellecap Group company, today announced that it has raised Rs 60 ...Business Standard, 1 month ago MFI Arohan raises Rs 60 cr from fund of Tano Capital The Financial Chronicle, 1 month ago
The microfinance industry has witnessed many changes since the 2010 crisis. Recently, the Reserve Bank of India (RBI) eased some lending norms for microfinance institutions (MFIs), which will mean enhanced access to credit for customers. Also, the ...Livemint.com, 3 weeks ago Viewpoint: India's MFI Rules Need More Thought, or Else They Can Go Wrong NextBillion.net, 3 weeks ago
Kolkata, Apr 8 (IBNS): Village Financial Services, a leading micro finance institution of eastern region has lauded the recent RBI announcement of raising the borrowing limit of individual borrowers from Rs 50000 to Rs 1 Lakh. The move will ...India Blooms, 1 month ago Micro-lender VFS eyes 48% growth in loan book this fiscal Hindu Business Line, 1 week ago Micro finance institutions extend loan to the 'missing middle' Times of India, 2 months ago
Retail credit of NBFCs stood at Rs 4 trillion and registered a y-o-y growth of 11.1% as Dec. 31, 2014 against a y-o-y growth of 9.1% as on Mar. 31, 2014. Higher growth follows a revival in the gold loan segment, which grew on a y-o-y basis by 2.8% ...MyIris, 1 month ago
Financial Services Secretary Hasmukh Adhia (Photo credit: PIB) MUDRA has been registered as company and an NBFC under RBI New Delhi: A legislation on MUDRA Bank is expected to be introduced in Parliament within a year and it will incorporate provisions of the ...Asian Age, 1 month ago MUDRA to provide loans up to Rs 10 lakhs to small businesses News Today, 1 month ago Just what the microfinance sector needed Hindu Business Line, 1 month ago PM launches MUDRA Bank to fund small businesses India Brand Equity Foundation, 1 month ago
KOCHI: The services of Muthoot Fincorp Ltd, the flagship company of the Kerala-headquartered Muthoot Pappachan group, were primarily targeted towards financial inclusion, thus de-facto partnering the Central and state governments in their priority ...New Indian Express, 2 weeks ago Muthoot Pappachan to raise Rs 800 cr Deccan Herald, 3 weeks ago Muthoot Fincorp seeks ₹800-crore PE booster Hindu Business Line, 3 weeks ago Muthoot Fincorp to raise about Rs 1,800 crore this year Moneycontrol.com, 3 weeks ago
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The innovation called microfinance is actually an innovation in banking systems and processes to enable lenders to lend to the poor in a sustainable way. Here, the sustainability of the lender and not the borrower is the objective. Bangladesh's ...Hindu Business Line, 2 weeks ago
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