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CUSTOMER PROTECTION IN MICROFINANCE
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsIf the US-Iran ceasefire holds, the markets may see some recovery. The movement of crude oil prices and its impact on the markets supports ...- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- India has managed war disruptions better than many other economies: P D SinghIndian businesses and banks are navigating the West Asia conflict with resilience. Deal pipelines remain largely unaffected, with only war-...
- Government unveils Rs 20000 crore credit guarantee plan for MFIsThe government has announced an ambitious Rs 20,000 crore credit guarantee scheme targeting microfinance institutions, a lifeline for those...
- CreditAccess India eyes new investors, says Deputy ChairmanCreditAccess India, owner of CreditAccess Grameen, is seeking new investors. This move aims to provide liquidity for existing shareholders ...
- Microfinance sector introduces new grievance redressal tools for customer protectionSa-Dhan, the RBI-recognized SRO, has launched a toll-free grievance helpline and a comprehensive Client Grievance Redressal Mechanism (CGRM...
- Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woesThe microfinance sector in India has seen a decline from Rs 4.43 lakh crore in March 2024 to Rs 3.93 lakh crore by November due to slowing ...
- Microfinance isn't small, it's mightyIndia's microfinance industry, crucial for financial inclusion and rural development, has grown despite challenges like demonetisation and ...
- RBI may act against more NBFCs to check obscure lending practices: Morgan StanleyThe Reserve Bank of India has ordered four Non-Banking Financial Companies, including two microfinance institutions, to stop new loan appro...
- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' chargesThe industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and...
- MFIs should not throw caution to wind for higher asset growth, returns: RBI DG Rao"Any slip-up through adverse action of MFIs may undo the tremendous progress achieved over the decades and the sector can ill afford to do ...
- Financial inclusion with safeguards will be the policy priority: RBI Governor Shaktikanta DasA literate and aware borrower not only safeguards his interests, but would also protect the system, asserted RBI Governor.
- Industry groups to be self regulatory bodies for NBFC-MFIs: RBIRBI decided to accord recognition to industry associations as self regulatory organisations of non-banking financial companies that are eng...
- SKS Microfinance locks in 5% upper circuit as FIIs hike stakeSKS Microfinance shares gained momentum in early trade and were locked in 5% upper circuit on reports that FIIs have hiked their stake.
- SKS Microfinance to spend Rs 15 crore on improving grievance redressalSKS Microfinance today said it will invest Rs 15 crore over the next three years for strengthening customer grievance redressal.
- MFI regulations may be in place by AprilThe Reserve Bank of India may start implementing some of the proposals of the Malegam committee on microfinance regulations, including a ca...
- Microfinance to get a regulator in NABARDThe finance ministry could move a bill in the winter session that will make Nabard regulator of all non-profit microfinance institutions.
- MFIs as engine of inclusive growthMIs should be judged by their median and best, not according to the black sheep that hurt the poor's cause who helped the sector grow.
- Bajaj Allianz Life Insurance ties up with SKS MicrofinanceBajaj Allianz Life Insurance and SKS Microfinance have joined hands to launch a group insurance product for micro-finance organisations.
- Citi ties up with SKS, BasixMFIs are working out credit arrangements with banks to sell their acquired portfolios to spruce up capital base.
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