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MFI REGULATION INDIA
Tamil Nadu based Stalwart People Services files DRHP for Rs 150 crore IPOTamil Nadu-based Stalwart People Services has filed its DRHP with Sebi to raise Rs 150 crore through a fresh issue of shares, alongside an ...- Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 croreOYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through fresh issue. Proceed...
- Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issueUS Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell I...
- Stress in some MFIs does not warrant regulatory action: Senior RBI officialThe Reserve Bank of India reassures there is no systemic risk in the microfinance sector despite recent stress. Senior officials highlighte...
- 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 The RBI has withdrawn certain benefits for such l...
- Microfinance lending an election issue in Assam, Congress promises complete waiver of loan if voted to powerMicrofinance institutions (MFI) lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulatio...
- 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 Capital to buy Janalakshmi Financial Services Ltd minority stake for Rs 610 crore“The valuation exercise and the exact stake which will be owned by TPG will be finalised soon,” one of the two persons said.
- Budget 2013: An additional Rs 100 crore dose to help MFIs raise capitalThe government has lent a helping hand yet again to the microfinance sector by topping up a dedicated development fund with a fresh Rs 100-...
- Budget 2013: FM offers an additional Rs 100 crore dose to help MFIs raise capitalThe government has lent another helping hand to microfinance companies by topping up a dedicated microfinance development fund with a fresh...
- HC dismisses petitions against AP MFI Act, state unlikely to repeal ActThe AP state High Court on Monday dismissed MFIs' petitions challenging the AP Microfinance Act.
- Bandhan Financial Services aims to grow 30% this fiscalMicrofinance company Bandhan Financial Services has set a 30% growth target for 2012-13 while it grew by 50% last fiscal.
- Creation of low-income micro-lending NBFC clearedThe Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.
- Sidbi plans 20% higher credit support for MFIs this fiscalSIDBI has recently issued a detailed operational guidelines for MFIs and capped lending rates at 26% a year.
- Banks turn more receptive to MFIs; UBI sanctions Rs 100 crore loan to Bandhan Financial ServicesOf the Rs 30,000 crore MFIs have borrowed from the banking system till date, this is perhaps the most precious Rs 100 crore ever.
- Draft Microfinance Bill gives RBI total control and puts sector under strict watchThe government has proposed a regulatory framework for the microfinance industry that provides protection to the consumer, makes the RBI th...
- MFIs outside AP to benefit from new rulesMFIs will find it easier to obtain bank loans if they cap their interest to borrowers at 26%.The overall size of the industry is about Rs 2...
- MFIN describes budget as disappointing for MFI sectorThe budget is a disappointing one for the micro-finance (MFI) sector and the Finance Minister could have done more than the few announcemen...
- Crisil to assess regulatory impact on MFI sectorRatings firm Crisil has started monitoring the form and extent to which regulatory developments will be implemented in the microfinance sec...
- Growth can’t be achieved without positive regulationCapping of rates will reduce the viability of legitimate institutions and encourage players willing to use unethical practices to dominate ...
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