Karnataka MFI Ordinance: New law imposes tough conditions for MFIs to operate, coercive loan recover will invite fine, jail termThe Karnataka Government has enforced the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, which manda...
12 Feb, 2025, 08.57 PM IST
Karnataka governor clears ordinance to curb coercive micro-loan recoveriesGovernor Thaawarchand Gehlot approved the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025. The ordinan...
12 Feb, 2025, 05.44 PM IST
Micro Finance: Karnataka Governor returns Ordinance, questions its need when there are other lawsGovernor Thaawarchand Gehlot returned the Karnataka Micro and Small Loan Ordinance, 2025, to the state government for clarification on six ...
07 Feb, 2025, 07.03 PM IST
Karnataka: MFI Ordinance proposes 10-year jail for coercive recovery of loansThe proposed micro-finance ordinance aims to impose hefty fines and lengthy jail terms on micro-finance institution executives who use coer...
04 Feb, 2025, 07.49 PM IST
Karnataka: Officials panel to vet MFI Ordinance draft to strengthen proposed lawA high-level meeting led by Chief Minister Siddaramaiah has decided to form a group of senior finance and law officers to review a draft Or...
30 Jan, 2025, 08.11 PM IST
Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
28 Jan, 2025, 05.30 PM IST
Chandrababu Naidu family's fortune up by Rs 858 crore as Heritage Foods stock soars 64% in 5 daysOn Friday, shares of Heritage Foods hit a fresh 52-week high of Rs 661.75 on the BSE. On the day before the final phase of polling and the ...
07 Jun, 2024, 09.54 PM IST
NBFC-MFIs outpace microfinance industry growth, banks falterNon-banking finance companies-microfinance institutions (NBFC-MFIs) in India have seen a 43% year-on-year growth, allowing them to increase...
09 Oct, 2023, 12.19 PM IST
Jindal family's daughter-in-law in microfinance forayThis makes Svamaan the second microfinance venture after Ananya Birla promoted Svatantra Microfin where family fortune of large corporate h...
22 Jan, 2019, 04.36 PM IST
Kedaara in talks to buy up to 30% in Madura MicroAvendus Capital has been mandated to run a formal process, sources said. The funds would be used for expanding the loan book and widening r...
06 May, 2016, 03.02 AM IST
Sahara Group’s woes, strict Andhra rules force micro lenders to focus on Uttar PradeshUttar Pradesh seems to be the new Mecca for microfinance, with Andhra Pradesh having abdicated that role thanks to a tough law in 2010.
26 Oct, 2013, 08.01 AM 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
- Companies in new sectors creating rural jobs rush
Many companies in new sectors like telecom, rural BPO and microfinance are creating thousands of jobs in villages and small towns. This cou...
18 Nov, 2010, 04.42 AM IST