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FINANCIAL LITERACY MICROFINANCE
Bad Memories of Another Day for Lenders as Bihar Moves to Regulate MicroloansBihar's new microfinance law could stall the sector's rebound. The state assembly passed a bill regulating money lending, a move that may p...- Bihar microfinance bill may spoil the sector's recoveryBihar's new microfinance law could disrupt the sector's recovery. The bill limits borrowers to two lenders, a change from the industry norm...
- MFIs need to rebuild credibility and confidence to achieve sustainable growth: StudyMicrofinance institutions face a critical challenge in rebuilding trust and credibility for sustainable growth. Recent setbacks like demone...
- Nabard, RBI promote rural financial literacy; 2,421 centres set up for financial literacy: MoSNabard and RBI are actively promoting financial literacy among India's rural population through various initiatives. These include financia...
- How bus stations can become a tool for BFSI to promote rural fintech & digital educationBus stations in rural India are becoming key platforms for promoting fintech literacy. With high footfall and strategic locations, these hu...
- Finance for the low-income customers: How can the financial industry better serve them?The rapid growth of the sector has been catalysed by forward looking regulations by the Reserve Bank of India (RBI) and the development of ...
- MFIs to play leading role in India's economic growth: StudyAccording to PwC, the global market size of the MFI industry is expected to grow by USD122.46 billion from 2021 to 2026 at a compound annua...
- ET Financial Inclusion Summit: Universal banking access can become a reality only when more women are empoweredWhile universal banking access and campaigns around financial literacy are important, the presence of more women at leadership roles in ban...
- RBI Governor Das says quality of financial inclusion needs improvementThe parameters outlined by Das were the identification of the customer, reaching the last mile and providing relevant, affordable and safe ...
- Sachin Bansal invests Rs 25 cr in Chaitanya India FinanceAs per filings, Bansal has been allotted 250 shares of the company, each with a face value of Rs 10 lakh, as unrated non-convertible debent...
- Feet on the street: The golden rule of Microfinance“Microfinance" has steadily evolved from 1970s when organisations such as “Grameen Bank” of Bangladesh pioneered by Prof. Muhammad Yunus ga...
- Chaitanya Microfinance raises Rs 33 crore through NCD issueThe Bengaluru-based microfinance institution currently operates across Karnataka, Maharashtra and Bihar.
- RGVN Microfinance raises about Rs 42 crore in fresh round of equity fundingThe latest round of equity funding also saw KS Norway and global co-operative and social investor Oikocredit participate in the transaction.
- Basix Group looking to expand Africa footprintOne of India’s oldest microfinance institutions is heading to Africa to try and spread its risks because of the troubles the sector is faci...
- 'Difficult to comment if 4.6% fiscal deficit target can be reached'RBI Governor D Subbarao today said it is difficult to comment if the government can deliver on a 4.6 percent fiscal deficit target.
- Finance ministry to set up Rs 800-cr fund to help banks reach the last manTHE financial inclusion drive is set to get a huge boost with the government deciding to set up a Rs 800-crore fund to encourage banks to r...
- ‘Microfin would be OK with self-regulation , code of conduct’Jayshree Vyas, chairperson of Sadhan , an association of community development finance institutions with 234 members spread across the coun...
- Financial inclusion scheme succesful: RBI officialThe Indian Bank's 'financial inclusion' scheme launched in Puducherry in 2005 has now become successful with around 17 million 'no fril acc...
- Financial inclusion's here, no-frill a/cs jump 30 timesFinancial inclusion has gone up significantly after the central bank issued a directive asking banks to open ‘no-frill’ accounts.
- Bank of Baroda expands financial reach, adopts Rajasthan districtWith RBI pushing banks into financial inclusion, banks are seriously looking at expanding their reach to the unbanked and under-banked sect...
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