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Will not dilute mission when Ujjivan becomes a small finance bank, says founder Samit Ghosh

Oct 19, 2015

Will not dilute mission when Ujjivan becomes a small finance bank, says founder Samit Ghosh

Ghosh doesn’t believe that the entry of new set of banks will be the end of life for MFIs. Microlenders will survive partnering with the new set of banks #Samit Ghosh #micro-finance institutions #MFIs #Ujjivan #Universal Banking #Payment Banks #Small Finance banks
Small banks mark the biggest banking revolution in India since nationalisation

Sep 17, 2015

Small banks mark the biggest banking revolution in India since nationalisation

Considering the dominance of MFIs in the final list, the RBI clearly wants microlenders to take up a bigger role in taking banking to the rural poor. #HowThisWorks #India #RBI #Banking #Microfinance institutions #Small banks
Banking revolution 2.0: RBI paves way for ten small finance banks

Sep 16, 2015

Banking revolution 2.0: RBI paves way for ten small finance banks

The Reserve Bank of India (RBI) on Wednesday gave licences to ten small finance banks, which included a few microfinance institutions (MFI) such as Ujjivan Financial services and Janalakshmi Financial services. #Business #RBI #Microfinance #NewsTracker #Raghuram Rajan #MFI #license #Small Finance banks
Microfinance loans are growing at a scorching pace, but it's a warning signal

May 29, 2015

Microfinance loans are growing at a scorching pace, but it's a warning signal

The industry numbers released by microfinance institutions network (Mfin), an industry body of micro lenders, for the fiscal year 2015 indicate a very sharp pick up in the number and quantum of loans. #HowThisWorks #India #Microfinance #Andhra Pradesh #loans #poor
MUDRA Bank can be positive for microfinance sector: ICRA

Mar 06, 2015

MUDRA Bank can be positive for microfinance sector: ICRA

As per ICRA estimates, the MFI sector, including self-help groups (SHGs) and NBFC-MFIs, had a total portfolio of Rs 780 billion as on 30 September 2014, ICRA said in a report in Mumbai. #Economy #ThisisNext #Microfinance #Mudra Bank #NBFC-MFIs
Vikram Akula makes a comeback with financial start-up Vaya; plans  small bank foray

Dec 11, 2014

Vikram Akula makes a comeback with financial start-up Vaya; plans small bank foray

Having forced to quit SKS Microfinance, which he founded, three years ago, Vikram Akula has returned to the financial inclusion space by buying 26 percent stake in a start-up Vaya Finserv, which is also eyeing small bank licence.
#SKS Microfinance #Vikram Akula #banking licence #Vaya #financial start up
As RBI turns the other way, Andhra govt now seeks donations for loan waiver

Sep 18, 2014

As RBI turns the other way, Andhra govt now seeks donations for loan waiver

A staggering Rs 40,000 crore is required for the loan waiver schemes for farmers and also women self-help groups. #India #RBI #Andhra Pradesh #Chandrababu Naidu #state banks #Loan Waiver #Microfinance institutions