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MICROFINANCE LICENCE
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...- 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 ...
- CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
- ASA India surrenders microfinance licence, seeks to continue as business correspondent for banksASA International India Microfinance plans to surrender its microfinance licence due to financial troubles and liquidity concerns. The lend...
- AU Small Finance Bank to acquire Fincare Small Finance Bank in share dealAs per the agreement between the two, shareholders of Fincare Small Finance Bank shall receive 579 equity shares of AU Small Finance Bank f...
- At least 3 small finance banks yet to start operationsRGVN Microfinance has received the final licence from RBIto set up a small finance bank and likely to start operations soon, Disha Microfin...
- UAE Exchange eyes universal bank licence to clock lending of Rs 1,000 croreThe company is still eager to set up a bank once for universal bank licences and most recently when it failed to grab a small finance bank ...
- ESAF Microfinance seeks final nod for small finance bankThe company is planning to launch operations in 60 days after it gets a final go ahead from the Central Bank.
- Essel Finance in talks to buy BSS MicrofinanceBSS Microfinance, founded by Bengaluru born gastroenterologist Ramesh Bellamkonda, is a non-deposit taking non-banking financial company.
- FIIs pick 5% stake in SKS Micro in Q2 on unmaterialised licence hopesSKS Microfinance, it said, “will maintain its growth trajectory in the near term and estimate a healthy AUM growth of nearly 40 per cent ov...
- A 5-7% correction may offer good entry point in SKS Microfinance: Mehraboon IraniThe landscape for SKS Microfinance has changed completely, but not getting a bank licence is not the end of the world, says Irani.
- Denial of small bank licence won't hurt SKS Microfinance: ReportThe RBI, on September 16, granted in-principle approval to 10 entities for setting up small finance banks to provide basic banking services...
- MFIs take pooled bond route to raise Rs 85 croreThese MFIs raised the fund through non-convertible debentures at 12-14 per cent coupon and the NCDs were subscribed to by three mutual fund...
- SKS Microfinance wants to set up small bank; Q3 net doublesThe net interest income was at Rs 96 crore during the quarter under discussion, up from Rs 68 crore in Q3 FY14.
- Payment bank rules by month-end, telcos, India Post remain frontrunners: RBIInstead of having local area banks focussed on two or three districts, there are suggestions that there should be all-India small finance b...
- Muhammad Yunus wants India to grant special bank licences to microfinance institutions"The government cannot run microcredit programmes, because that is very bad thing to do. Then the microcredit and politics get mixed up."
- India needs new ways to fund infrastructure projectsThe RBI’s move now to allow banks to offer partial-credit enhancements is a welcome start. But more needs to be done.
- Bandhan first microfinance institution to get banking licenceBandhan said the award of the banking licence was a recognition of the microfinance sector and their hard work to reach unbanked areas and ...
- Microfinance companies Bandhan, Janalakshmi to apply for banking licenceMicrofinance cos Bandhan Financial Services and Janalakshmi Financial Services are set to file applications to acquire a banking licence.
- SKS Microfinance may approach RBI for bank licenceSKS Microfinance, which is passing through rough weathers, may approach the Reserve Bank for a banking licence, according to sources.
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