One of India’s oldest microfinance institutions is heading to Africa to try and spread its risks because of the troubles the sector is faci...

Basix Microfinance may transform itself into a financial services offering company if the debt restructuring plan that it has proposed to b...

India has become a member of Consultative Group to Assist the Poor (CGAP), an international apex body for microfinance.

Basix said that it has formally approached its principal lender Sidbi with an Rs 800-cr debt recast proposal and expects the plan to be rea...

The fairer sex is increasingly occupying the rank and file of recovery agents of lenders to the poor as the industry attempts to restore it...

Part of this will be fresh capital while the rest will involve a conversion of debt into preference shares, a form of equity.

Lack of regulatory clarity and unfavourable business climate in Andhra Pradesh have forced Basix Microfinance to redesign its business mode...

With RBI, government and banks tightening the noose, MFIs are finding it tough to offer attractive salaries. The sector, which once attract...

The flaws in the present microfinance model stand exposed. The next model will weave microfinance around livelihoods, and it's gaining trac...

India's microfinance veterans have said that cheaper sources of funding can further bring down the rates charged by microfinance institutio...

The Andhra Pradesh government is mulling to put a cap on the interest rates charged by the microfinance companies through a new law, a top ...

Microfinance major BASIX Group's flagship company Bhartiya Samruddhi Finance Ltd today said it will raise up to Rs 250 crore by selling sta...

Vijay Mahajan, the founder of Basix, a leading microfinance company, and a respected industry veteran, said he does not want to intermediat...

Vijay Mahajan-promoted microfinance firm Basix is planning to expand its international operations. The company recently forayed into Papua ...

MFIs are working out credit arrangements with banks to sell their acquired portfolios to spruce up capital base.

Grameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kin...

Banks and micro-finance institutions (MFIs) are now offering credit to community-based projects like provision of clean water, common energ...