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ANDHRA PRADESH MFIS
Past haunts MFI sector as standing committee rejects revamped BillWhen AP ordinance & subsequent law made it impossible for MFIs to operate in their mkt, industry hoped that passage of the Bill would resul...- Banks may write off Rs 7200 crore debt to microfinance institutions"MFIs have not been able to recover any loan. They have not been able to recover any money from Andhra Pradesh," said a senior banker.
- MFIs may challenge HC ruling; see 40 pc growth in FY 2013The Microfinance Institutions (Development and Regulation) Bill is expected to cover all MFIs, including the smaller ones.
- Andhra Pradesh remains the troubled child for microfinance sectorMicroMeter presented by the association of microfinance non-banking finance companies MFIN shows that the write-offs by MFIs outside AP has...
- Sidbi lends Rs 100 crore to SKS Microfinance with strings attachedSidbi has put a condition that the troubled MFI will have to use the resource for on-lending to the poor outside Andhra, and especially in ...
- RBI guidelines on MFI sector a positive: CRISILThe Reserve Bank's recent guidelines on the MFI sector will prove to be a positive and structurally strengthen it over the long run, rating...
- Bengal may ask Nabard to scan state's microfin cosWest Bengal plans to engage National Bank for Agriculture & Rural Development (Nabard) to scan the practices of microfinance companies oper...
- Malegam report unlikely to end MFIs' woes in APMalegam may have submitted the report on microfinance regulations, but their agony won't just end, thanks to the Andhra Pradesh government ...
- MFIs get minor reprieve as RBI opens fund tapThe Reserve Bank of India has given a small reprieve to bank lending to the troubled microfinance institutions, though temporarily . This m...
- Crisil removes 9 MFIs from negative rating watch listCredit rating agency Crisil today said it has removed nine microfinance institutions from its list of negative rating watch saying the Andh...
- MFIs: Confusion still reignsThe impact of the Andhra ordinance on MFIs must yield useful clues to design future regulatory policies.
- SBI likely to seek restructuring of MFIs loanRestructuring of loans involves deferment of loan repayment by the borrowers in case of problems. MFIs are facing tough time following cris...
- MFI purpose defeated by profit motive: Andhra to RBIThe Andhra Pradesh govt asked RBI to ban microfinance institutions from raising funds from the capital market, saying their drive to make p...
- Have Rs 9000 cr exposure to agri loans: Anil Girotra, Andhra BankAnil Girotra of Andhra Bank, in a chat with ET Now, talks about the company’s agri loan exposures, especially in Andra Pradesh and shares h...
- Lenders’ meet may offer respite to troubled MFIsMicrofinance institutions (MFIs), which are finding the going tough following an Andhra Pradesh ordinance on curbing coercive practices by ...
- RBI convenes meet to crack MFI codeSome relief appears to be in sight for the cash-strapped microfinance industry which is being denied loans by banks.
- SBI has Rs 300-cr exposure in AP''s microfinance sectorSBI has an exposure of Rs300 crore to the troubled microfinance sector in Andhra Pradesh and the public sector lender feels the loans are "...
- MFIs agrees to reduce interest rates to 24 pcMicro finance companies on Thursday agreed to reduce interest rates they charged from borrowers to 24 per cent after a meeting with financi...
- After Andhra ordinance, Centre may frame policy to regulate MFIsThe Andhra Pradesh government issued the controversial ordinance to regulate microfinance institutions despite the central government’s ple...
- RBI forms a panel to examine functioning of MFIsRBI today announced constitution of a sub-committee to look into the functioning of Micro Finance Institutions (MFIs), as they have drawn f...
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