Bihar overtakes Tamil Nadu to become biggest MFI market in IndiaThe report by Crif High Mark has put the overall Microfinance (MFI) borrowings in Bihar at Rs 48,900 crore as of March, which represents 14...
05 Jul, 2023, 06.14 PM IST
Arohan Financial Services opens over 100 branches in FY'23"Our endeavour is to include every underserved household and small business under financial services. As we commence on our ambitious five-...
21 Apr, 2023, 05.08 PM IST
Arohan Financial Services opens over 100 branches in FY23Arohan is investing heavily to expand in semi-urban and rural geographies, providing employment opportunities for rural youth and enhancing...
21 Apr, 2023, 05.02 PM IST
Satya MicroCapital collects Rs 100 crore through cashless transactions18% was collected by the MFI in the first year of its operations, 40% in the second year and 42% during the first half of 2019.
30 Jul, 2019, 02.53 PM IST
East India leads with 40% microfinance businessThese four states account for about 40 per cent of the total MFI loan book.
16 Jul, 2019, 08.52 AM IST
Race intensifies for Madura MicrofinSources said that Madura had a few other suitors including a mid-sized MFI.
17 Aug, 2018, 12.17 PM IST
More suitors join race to acquire Madura MicrofinanceMadura Microfinance was founded by late banker-turned-entrepreneur KM Thiagarajan and is now run by his non-resident Indian, neuro scientis...
17 Aug, 2018, 09.16 AM IST
Arohan Financial Services to enter MP and UP marketsArohan Managing Director Manoj Kumar Nambiar said that UP and MP are coming up better than Maharashtra in terms of improvement in loan repa...
26 Apr, 2017, 06.04 PM IST
Esaf Small Finance Bank eyes Rs 5,000 crore business in first yearAs an MFI, the company is present in 11 states, which includes all the Southern states, barring Andhra Pradesh and Telengana.
28 Mar, 2017, 07.38 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
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 ...
12 Jan, 2016, 03.58 PM IST
Microfinance company Arohan slashes lending rates by 270 bps to 22.9%The new rates comes into effect from Monday and will benefit some four lakh poor borrowers. Arohan said the rate cut comes in the wake of a...
12 Oct, 2015, 07.09 PM IST
- 600 branches of micro finance companies functioning in Bihar
Microfinance institutions could contribute in a big way in rural development in Bihar if the performance of 600 branches in Bihar were any ...
25 Aug, 2012, 08.31 PM IST
- SKS Microfinance completes Rs 550-cr deal with two banks; stock up
SKS Microfinance - the largest microfinance institution in the country - has completed another deal worth Rs 550 crore with two banks.
30 Mar, 2011, 10.18 AM IST
- SKS betters strike rate with Rs 550-cr deal
SKS Microfinance - the largest microfinance institution in the country - has completed another deal worth Rs 550 crore with two banks.
30 Mar, 2011, 02.26 AM IST
- Indian MFIs to build portfolio of $6.27 billion by 2012
It is estimated that there are over 1,000 MFIs operational in India currently, which have disbursed only 10% of the potential demand of ove...
30 Jan, 2009, 01.02 AM IST
- Growth can’t be achieved without positive regulation
Capping of rates will reduce the viability of legitimate institutions and encourage players willing to use unethical practices to dominate ...
09 Apr, 2007, 01.48 AM IST