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Vivek Oberoi, who amassed fortune of Rs 1200 crore, reveals a humble paanwala taught him basics of financeActor Vivek Oberoi built a Rs 1200 crore fortune. His financial journey began with lessons from a paan shopkeeper. He learned about investm...- Kotak Mahindra Q1 profit flat at Rs 4,472 crore as provisions, credit costs riseKotak Mahindra Bank's consolidated net profit remained almost flat at ₹4,472 crore in the June quarter, impacted by increased provisions pr...
- Microfinance recovery at least 2 quarters away; Q4 going to be tough for NBFCs, MFIs: Shweta DaptardarElara Capital's Shweta Daptardar indicates the microfinance sector still faces challenges, with recovery expected to take at least two more...
- Capital SFB IPO offers exposure to secured MSME lending in the North regionThe bank has zero direct exposure to microfinancing with most of the loan book consisting of secured assets unlike some of the SFBs, which ...
- Five Star Business IPO offers exposure to fast-growing microfinancingAfter the IPO, the promoter group’s stake will fall to over 33% from 40%. The nonbanking finance company (NBFC) has a higher asset quality ...
- Free pricing system to strengthen MFIs; but credit cost for borrowers to jump: AnalystsThe revised regulations aim to provide a level playing field to all the players involved in microfinancing, which will help these lenders t...
- How Assam plans to develop its MSME ecosystemThe MoU was exchanged by Pabitra Ram Khaund, Secretary, Industries and Commerce Department and Dr. R.K. Singh, General Manager, SIDBI in th...
- 'Leaders create other leaders', believes Svatantra Microfinance's Ananya BirlaMangalam Birla’s first born was speaking at the launch of her luxury e-commerce platform.
- Rally takes promoters of small-cap companies past the $1 billion markThe average stock return of these five companies has been almost seven times higher than the BSE Small Cap index over the past two years.
- SKS Microfinance renamed Bharat Financial InclusionThe company was mired in serious controversy in late 2010 due to rising spate of suicides by its borrowers, triggered by allegedly coercive...
- Vodafone's India CIO Anthony Thomas quits ahead of $1 billion IBM deal renewalThomas joined Vodafone in April 2012 and played a key role in creating a new centralized IT structure within the company during his tenure.
- Rashtrapati Bhavan to host 'Festival of Innovation'India ranks 76 on the Global Innovation Index, much below countries like Malta, Lithuania, Latvia, the Seychelles, Greece and Brazil.
- Jairam Ramesh for regulatory framework for microfinance institutionsThere is a need for a regulatory framework for microfinance institutions in the country, Union minister Jairam Ramesh today said.
- 'Banks can create job opportunities using microfinance'Uttarakhand finance minister Indira Hridayesh banks can create employment opportunities in the state and should consider using microfinance...
- SKS: A hot potato called microfinance institutionsThey borrow from banks at 13%, lend to the poor at 26-27%, spend around 8% to deliver the loans and land up with an interest margin of 5-6%...
- Financial wizards see big career growth in MFIsA number of financial executives across the country are now migrating to the microfinancing sector.
- We expect 50% growth in asset base this year: L&T CFOYM Deosthaalee, Chief Financial Officer of L&T in an exclusive interview with ET NOW said that after going slow in downturn, the Larsen & T...
- SKS rules out reduction of interest ratesSKS Microfinance Private Limited on Wednesday categorically ruled out reduction of interest rate on the loans it provides to rural poor, as...
- ICICI ties up for low-cost housing finICICI Bank, India’s largest private sector bank, is close to signing a partnership with US-based Development Innovations Group (DIG) for pr...
- 'Corporates must get into microfinancing'Micro credit has been slow to pick up in India, Bangladesh’s Nobel laureate Mohammad Yunus said on Tuesday. Nearly 160 million or 80% of th...
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