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MICROFINANCE ORDINANCE
Karnataka government sends microfinance ordinance back to Governor with explanationsThe Karnataka government has re-sent an ordinance to the Governor for assent, aimed at protecting borrowers from harassment by microfinance...- Karnataka: MFI Ordinance proposes 10-year jail for coercive recovery of loansThe proposed micro-finance ordinance aims to impose hefty fines and lengthy jail terms on micro-finance institution executives who use coer...
- MFIs in Karnataka may face fresh recovery challengesThe Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan rec...
- No fresh MFI loans in AP a year after Microfinance OrdinanceMicrofinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.
- No impact of rate reduction on financials: SKS MicrofinanceSKS Microfinance which today reduced its interest rate to 24.55 per cent has said the move would not make any impact on the company's finan...
- MFIs: Confusion still reignsThe impact of the Andhra ordinance on MFIs must yield useful clues to design future regulatory policies.
- Andhra ordinance problematic for MFIs: Pres, Microfin Institutions NetworkVijay Mahajan, President, Microfinance Institutions Network speaks to ET Now to give a clearer picture of what the Andhra Pradesh govt ordi...
- Positive on SKS Microfinance: Prashasta SethTill there is a clarity on the ordinance you would not see the appetite of Microfinance company.
- SKS Microfinance shares fall 20% after earnings warningLast month, the Andhra government through an ordinance imposed a limit on rates that the industry can charge customers and also curbed aggr...
- SKS wilts under pressure, wrong move to cap interest ratesA cap is not the answer to lower interest rates. It will only dampen the supply of microfinance and force the poor to turn to money lenders.
- Crisis-hit SKS Microfinance cuts rates furtherSKS, the first microfinance institution to be publicly listed, said that its business has taken a beating as the ordinance disrupted the co...
- Loan repayment periodicity: SKS may move courtSKS Microfinance on Tuesday hinted that it could move the courts if the AP notification prohibiting collection of loan repayments on a week...
- MFIs get 2 more weeks to toe AP lineMFIs were asked to continue with the usual business of lending and borrowing and had then given the microlenders a week to register themsel...
- Notional loss due to Andhra ordinance: SKS MicrofinanceSKS Microfinance today said it was unable to recover loans from borrowers due to stringent norms imposed by the Andhra Pradesh government, ...
- SKS Microfinance tanks 8 pc to hit all time low on BSEShares of SKS Microfinance on Friday plunged to all-time low of Rs 1,018 before closing 4.78 per cent down.
- SKS Microfinance scrip tanks 5 pc on BSESKS Microfinance today tumbled after the Andhra Pradesh Police arrested three people working with it and another small lender Spandana.
- Police arrests staff of SKS & Spandana microfinance cos on harassment chargeThe Andhra Pradesh Police on Friday said it has arrested three people working with SKS Microfinance and Spandana on a complaint of harassme...
- 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...
- MFIs rethink IPO plans in view of upheavals in the sectorWorried over recent upheavals in microfinance sector on account of high interest rates small lenders charge, many players have put on hold ...
- Andhra passes law to regulate MFIsTHE Andhra Pradesh government on Thursday approved a law that will regulate microfinance firms, or MFIs, complicating efforts to resolve th...
Load More- No fresh MFI loans in AP a year after Microfinance Ordinance
