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SMILE MICROFINANCE
From stolen bicycle to big biz: How a humble man built a bank from scratchChandra Shekhar Ghosh, founder of Bandhan Bank, transitioned from CEO to a strategic role after starting as an NGO and growing it into Indi...
Lending to the bottom of pyramid: 4 small finance banks with upside scope of up to 36%When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working...
Changing money lending business in Bharat: 4 small finance banks with upside up to 36%When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working...
3 sectors where Abhay Agarwal is hunting for growth at value pricesPiper Serica founder and fund manager Abhay Agarwal is looking towards "bottom of the cycle" areas where industries such as agro chemicals ...
Northern Arc to acquire business of S.M.I.L.E. Microfinance to grow retail lendingThe transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its extensive network of nearly 150 branc...
Satin Creditcare boss has 4 tips for firms looking to resume work from officeHP Singh was anxious about the safety of his work colleagues.
Investors in SMILE Microfinance renew stake sale planThe group is in discussions with two or three prospective buyers, people familiar with the development told ET.
From bicycle to a Land Rover: How Chandra Shekhar Ghosh of Bandhan Bank rose from poverty to richesBandhan on Tuesday made a dream market debut. The scrip got listed at Rs 499 on the NSE, a 33 per cent premium to the issue price of Rs 375.
There is no discordance among the bank shareholders: Romesh Sobti, MD & CEO, IndusInd Bank"For Bharat Financial it means you become a bank overnight once the deal is done and the whole asset books provide a margin", said Romesh S...
Loan pooling turning popular among NBFCsThese loans are bundled together and backed by a common guarantee provided by IFMR Capital.
Hinduja Leyland Finance buys Rs 107-crore worth loans from MFIsHinduja Leyland Finance has bought the pooled loan portfolios against the loan receivables of companies operating across segments such as m...
MUDRA Yojna sluggish, bigger role for MFIs needed: Parliamentary panel"While MFIs have the advantage of outreach and minimal paperwork, the actual interest rates permissible to MFIs under the MUDRA Yojna was a...
Meet Bandhan CMD Chandra Shekhar Ghosh, the man who pipped Birlas and Ambanis for a bank license"Everybody is watching us," says Ghosh, "waiting to see what we do, how we fare". "We have worked with one set of people, especially women ...
SMILE Microfinance to remain in Developing World Markets' handsDWM, which manages about $650 mn in assets globally, invested in SMILE four years back, pumping in about Rs 50 crore for about a two-thirds...
Private banks head for India's hinterlandOnce the preserve of state-run banks, India’s villages are now beginning to attract private banks, who are setting up branches in rural are...
- Microfinance struggles to restore its reputation
As the industry indulges in a bout of soul searching over what has gone wrong, some say microfinance is suffering, in part, from its own su...
- Suicides reveal how men made a mess of MFIs
More than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...
Microfinance, macro problems?The microfinance market is booming, but it’s fuelling a lot of worries in the states and New Delhi.
- Global investors line up for microfinance pie
Grameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kin...
- Small wonder: Funds come cheaper for NGOs, MFIs
The small guys have reason to smile. The cost of funds for micro-finance institutions (MFIs) and non-government organisations (NGOs) is set...