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KULDIP MAITY
VFS Capital plans to expand portfolio to Rs 1500 crore, expand branch networkMD & CEO of VFS Capital Kuldip Maity said at an event in Kolkata on Friday night that the NBFC-MFI has 247 branches at present, and added t...- Bengal's average loan outstanding per borrower highest among top ten states: Microfinance industry bodyThe number of loans disbursed also saw an increase during the financial year 2021-22, indicting a continued growth of the microfinance port...
- Small, midsize MFIs look for unused credit limit to tide over liquidity crunchUnused approved credit lines, which were not disbursed in the last financial year by the banks due the lockdown, are expected to be extende...
- Village Financial Services: Market-based impact lending for the underserved, unbankedConsidering the constraints of the banking sector in serving the poor, a funding platform setup in 1980s is helping rural entrepreneurs in ...
- Village Financial looks to raise Rs 50-70 crore equity in JanuaryThe fresh infusion is seen to help the company leverage better.
- Capital First picks up 7% stake in Village Financial ServicesThe firm is targeting its loan book to cross Rs 1500 crore by end of this financial year compared with Rs 725 crore as of March, 2018.
- Village Financial Services to diversify into affordable housing and SME segmentsThe company is also planning to lend to individual borrowers with the joint liability group-based lending model starting to stifle down gro...
- Micro-finance sector recovering from DeMo shockBandhan Bank, one of the leading players in this sector which transformed into a universal bank from an MFI, said that there had been probl...
- MFIs fear blot on repayment culture if demonitisation woes prolongMFI practitioners told ET that some have come with Rs 2000 notes but yet they can’t accept repayment as they don’t have currencies with sma...
- Microfinance firms keep small window open for paymentsKolkata-based Uttrayan Financial Services, on the other hand, has directed its field workers not to accept any pre-payment while it has not...
- Cash-based microfinance industry struck with dilemmaCompanies have also stopped loan disbursement in physical cash, creating gaps in borrowers’ daily cash credit requirements.
- Village Financial Services to expand to Tripura, Sikkim, Odisha and UttarakhandVillage Financial Services Managing Director Kuldip Maity said that the MFI would soon launch operation in Tripura and subsequently expand ...
- Micro lender Village Financial Services to get first institutional equity investmentCompany MD Kuldip Maity told ET that Small Investment Development Bank of India (Sidbi) has cleared a proposal to invest Rs 3 crore.
- Village MFI looks for social equity investmentMicro-finance institution, Village Financial Services, is in talks with various social security investors including IFC for funds.
- Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licensesIf there is one event the financial community is keenly awaiting this year, it’s the granting of small finance bank licences. Here is what ...
- Bandhan Financial Services cuts lending rate by 50 basis points to 22.4%Bandhan Financial Services has reduced lending rate by a token 50 basis point to 22.4%, as it has entered into a transitory phase.
- Lenders give Rs 45 crore to MFI Village Financial ServicesSBI is in the process of growing its microfinance portfolio by 50% by end of March from Rs 900 crore as on December last year.
- Bengal MFIs make distress call to banksFacing a shortage of lendable resources, microfinance institutions in West Bengal have huddled together and are desperately trying to convi...
- Banks tread with care on MFI turfBanks have turned cautious in terms of their exposure to the microfinance sector.
- Bandhan slashes lending rate to 19.1%In A move that could spark off a rate war among microfinance institutions (MFI), Bandhan Financial Services has slashed lending rates by ne...
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