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FOR PROFIT MICROLENDERS
RBI eases lending rules to revive credit growth as bank lending slows and consumption weakensRBI is gradually easing banking credit by lowering CRR, adjusting repo rates, and reducing risk weights on bank lending to non-banks and mi...- MFI portfolio declines, bad assets spike in September quarter: ReportIn the September quarter, microlending outstandings declined by 4.3% to Rs 4.14 lakh crore due to lenders adopting a cautious approach amid...
- Kedaara in talks with Yes Bank for sale of Spandana SphoortyAbout 18 months ago, Kedaara had shelved a similar plan following allegations by Spandana founder Padmaja Gangireddy that it was selling of...
- Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
- Bring not-for-profit microlenders under regulatory framework, says MFI bodyOut of its 250 odd members, only about 100 come under the purview of RBI, he said while speaking at the 5th Eastern India Microfinance Summ...
- TPG leads $210-million funding in Janalakshmi Financial ServicesThe microlender, which is the country’s largest in terms of gross loan portfolio, also did not provide details about the buyers and sellers.
- Vikram Akula plans a second innings in microfinance with Vaya FinservVaya Finserv, a business correspondent for banks, will apply to become a small bank to commence lending and deposittaking activities in unb...
- SKS Microfinance cuts lending rates by 1 per cent on lower fund cost, profit riseSKS Microfinance's cost of borrowing came down by nearly 1 percentage point to 12.6 in first quarter of the current fiscal from 13.5 per ce...
- Vikram Akula to bury past, SKS Trust to sell stake in SKS MicrofinanceVikram Akula has given up the battle to re-establish his presence in SKS Microfinance — the company he had founded but was forced to quit.
- SKS Microfinance signs Jack Trout for rebrandingSKS Microfinance signed Jack Trout for rebranding and repositioning its operations and towards improving its brand equity.
- SKS Microfinance posts Q1 net at Rs 5 crSKS Microfinance, India's only listed microlender, today reported a net profit of Rs 5 crore for the quarter ended June 30, 2013.
- SKS Microfinance eyes 50% growth in micro-loan disbursals, financial leverageBuoyed by turnaround in operations, SKS Microfinance, the battered lender for poor, is now eying a growth of some 50% in loan disbursals at...
- Satin Creditcare raises Rs 41 crore, sees Lok Capital exit the MFIMicrofinance institution Satin Creditcare has completed its latest round of equity financing, by raising Rs 41 crore from three impact inve...
- SKS Microfinance preparing for a return to Andhra Pradesh“We are waiting for the Microfinance Bill to be passed so that there will officially be only a single regulator to govern microfinance inst...
- SKS Microfinance plans a return in Andhra Pradesh amid scepticism, government resistanceSKS Microfinance is preparing for a return to Andhra Pradesh, a former hub from which it has retrenched significantly in the past two years.
- SE Investments FY12 net up 6.9% at Rs 66.88 croreUP-based micro-lender SE Investments today reported 6.9 per cent increase in net profit at Rs 66.88 crore for the financial year 2011-12.
- MFIN forms panel to probe MFIsA statement on Thursday by MFIN, an association of for-profit microlenders, said that based on the study's findings, disciplinary action co...
- Suicides reveal how men made a mess of MFIsMore 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 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.
- Akula shines light on India microlending in SKS IPOAs a controversial $250-$350 million IPO draws nearer, Vikram Akula, founder of India's largest microlender, SKS Microfinance, crunches num...
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