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, 2 weeks ago
Funding costs of NBFC-MFIs likely to come down: Icra - Hindu Business Line, 1 month ago
MUDRA Bank Can Be Positive for Microfinance Sector: Icra - NDTV Profit, 1 month 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, 2 weeks 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, 3 weeks 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, 3 weeks ago MFI Arohan raises Rs 60 cr from fund of Tano Capital The Financial Chronicle, 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, 2 weeks ago Micro finance institutions extend loan to the 'missing middle' Times of India, 1 month 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, 2 weeks ago
The collective portfolio of microfinance institutions (MFI) is set to reach a historic high of Rs 35,000-36,000 crores, a growth of nearly 28 per cent over the last year. In December 2014, the gross loan portfolio of MFIs stood at nearly Rs ...Business Standard India, 2 months ago PSBs LIKELY TO GET RS 18,000 CR NEXT FISCAL IPA Newspack.com, 2 months ago
Manappuram Finance Limited (MFL), a Kerala-based leading gold loan NBFC, has completed the formalities of its takeover of Asirvad Micro Finance Private Limited. Aisrvad is a Chennai bases NBFC-MFI. With this, MFL has taken an important step toward ...Business Standard India, 2 months 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, 2 weeks ago MUDRA to provide loans up to Rs 10 lakhs to small businesses News Today, 1 week ago PM launches MUDRA Bank to fund small businesses India Brand Equity Foundation, 2 weeks ago MUDRA Bank launched; bill in 6-12 mths The Echo Of India, 2 weeks ago
The usurious moneylender was well-known, even in colonial times. The ryot cannot cultivate without borrowing because his crop goes largely to the long-term creditor, says the Central Banking Enquiry Committee Report of 1929. India's poor still ...Outlook India, 2 days ago
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