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GROUP MEETINGS IN MICROFINANCE
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...- 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 ...
- Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorpMuthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its curr...
- DFS to discuss NBFC-to-bank conversionGovernment officials will meet top non-banking financial company executives on Thursday. The discussion will focus on sector issues. A key ...
- RBI lowers qualifying asset criteria for NBFC-MFIs to 60% from 75%The Reserve Bank of India has reduced the minimum qualifying microfinance assets for NBFC-MFIs from 75% to 60%, allowing them to diversify ...
- Budget impact: Grameen Credit Score likely to restore credit discipline in microfinance, say expertsMicrofinance leaders anticipate the implementation of a new Grameen credit score framework to restore lending discipline following a declin...
- Micro fin impacted by confluence of factors, last quarter of pain, say executivesMicrofinance loan delinquencies are rising due to political events, weather disruptions, and excessive lending. Rural households prioritize...
- 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 ...
- Inditrade Microfin-Janakalyan merger to be effective from July 1, 2022; Janakalyan MD to head the merged entity"The company has received an intimation from Inditrade Microfinance Limited (IMFL), a debt listed company and a material subsidiary of the ...
- Inditrade Microfin may merge with Janakalyan FinanceInditrade Microfinance has a loan book of around ₹350 crore, with about three-fourths of it coming from Karnataka, Kerala and Tamil Nadu. J...
- Assam cabinet proposes to come up with a new act for microfinance institutionsAssam industry minister, Chandra Mohan Patowary after the cabinet meeting said, “New Act proposal for micro-financial institutions in line ...
- Manoj Kumar Nambiar re-elected as MFIN chairpersonHe is currently with the Aavishkaar Group as the managing director of Arohan Financial Services Ltd. He joined MFIN board in 2013 and was a...
- Axis Bank forays into urban microfinance segmentThe lender plans to commence urban microfinance operations in 85 branches across Bengaluru, Chennai, Kolkata and Mumbai, in addition to Pun...
- MFIs to be allowed to raise fund through ECB: RBIThe Reserve Bank today said it will soon allow microfinance institutions to raise funds up to USD 10 million through external commercial bo...
- Fund-starved microfin cos get $8-m Grameen Foundation lifelineThe foundation’s financial guarantee may prompt reluctant banks to extend loans.
- Bhartiya Samruddhi Finance to raise up to Rs 250 cr from PEsMicrofinance major BASIX Group's flagship company Bhartiya Samruddhi Finance Ltd today said it will raise up to Rs 250 crore by selling sta...
- ‘Catamaran’s investment in SKS was to help poor’Mr Narayana Murthy, founder of Infosys Technologies, whose Catamaran fund bought shares in SKS Microfinance ahead of the initial public off...
- Citi Foundation launches $11.2 million International Microfinance ProgramThe Citi Foundation on Thursday announced a three-year $11.2 million international grant program to advance the integration of micro-financ...
- Foreign investors dial microfinance in IndiaAbout 15 international and national investors will set up shop at the conference to interact with the MFIs, scheduled next week.
- SAARC to discuss micro-finance to womenSAARC nations will meet here on Friday to discuss the issue of providing micro-finance to self-help groups of women.
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