NBFC-MFIs set to tap capital marketWhile one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement ba...
16 Jun, 2022, 09.10 AM IST
Bhabanipur bypoll: BJP kicks off campaign, TMC leaders travel to every corner of the ConstituencyIn Mamata Banerjee’s home turf of Bhabanipur, from where the CM got elected twice in 2011 and 2016, a high decibel triangular contest is li...
12 Sep, 2021, 09.39 PM IST
Parthasarathi Mukherjee, former CEO with Lakshmi Vilas Bank, buys 2.8 percent in Uttrayan Financial ServicesUttrayan with a total portfolio of Rs 225 crore looks to expand by raising equity capital from private equity investors, and build with the...
23 Mar, 2020, 10.50 AM IST
Micro lenders take a hit over NBFC liquidity woesThe liquidity squeeze plaguing non-banking finance companies (NBFCs) is having a ripple effect on microfinance operations far away from the...
24 Oct, 2018, 09.49 AM IST
MFIs go slow on lending as NBFCs hold on to cashSome microfinance firms are trying to adjust the fund flow by borrowing at a higher rate.
24 Oct, 2018, 09.30 AM IST
The coming SME squeeze: As funds run dry, the IL&FS contagion threatens the livelihood of millionsFunds are drying up. What was once a routine exercise — the rollover of loans — is now rare.
17 Oct, 2018, 02.35 PM IST
Cash-based microfinance industry struck with dilemmaCompanies have also stopped loan disbursement in physical cash, creating gaps in borrowers’ daily cash credit requirements.
09 Nov, 2016, 07.11 PM IST
Uttrayan Financial Services targeting Rs 175 crore business by March 2017Sidbi will subscribe to company's optionally convertible preference shares for Rs 2 crore while internal investors will put in Rs 3 crore i...
27 Sep, 2016, 06.08 PM IST
Sidbi to invest Rs 2 crore in Uttrayan Financial Services"We have received Sidbi's approval and are expecting the investment to come in in next month. The fund will help us to grow business aggres...
26 Sep, 2016, 06.42 PM IST
Smaller MFIs breaking shackles to chase bigger dreamsOverseas investors have been more keen to put their monies in Indian microfinance story but local players are now getting into the groove a...
29 Jun, 2016, 06.22 PM IST
Micro finance companies get funds from banksMore importantly, banks are liberally lending to the small and medium sized micro lenders after the transformation of Bandhan into a bank.
25 Mar, 2016, 04.00 AM IST
Microfinance institutions get monetary support from banksBanks have opened their purse strings to MFIs more than ever with the sector showing steady traction backed by a strong regulatory framewor...
24 Mar, 2016, 05.43 AM IST
Saradha's collateral damage: MFIs face inquiries as ponzi schemes threaten reputationsSeveral micro credit firms carrying out legitimate business are facing inquiries from local police and municipal authorities.
25 Apr, 2013, 06.46 AM IST
- Banks tread with care on MFI turf
Banks have turned cautious in terms of their exposure to the microfinance sector.
17 Aug, 2010, 04.26 AM IST
- MFI body plans code of conduct
The country’s leading micro-finance players have pledged to improve the ways they deal with poor borrowers and have promised to review lend...
18 Feb, 2010, 02.45 AM IST
- MFI's to play a significant role in credit delivery to the poor
If the RBI governor's remarks are any indication, MFIs here are going to play an significant role in credit delivery to the poor in the reg...
01 Feb, 2010, 07.56 PM IST
- Nature remains favourite theme in the world of art
Top artists across the board have created unique works revolving around trees, which fetch impressive prices in the market.
11 Jul, 2008, 02.26 AM IST