Mfi

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Mfi - Total results - 12
Coronavirus Lockdown: 88 micro financiers ready to begin operations in green, orange zones, says industry body
Business

Coronavirus Lockdown: 88 micro financiers ready to begin operations in green, orange zones, says industry body

Microfinance Institutions Network (MFIN) on Monday said 88 micro financiers associated with it are ready to begin operations in green and orange zones

IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorate
Business

IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorate

The pace of expansion was lower than in FY18, mainly due to rating downgrades and liquidity stress in a few large NBFCs in the aftermath of the IL&FS event.

Sajjan Jindal's daughter-in-law Anushree launches microfinance venture Svamaan Financial Services
Business

Sajjan Jindal's daughter-in-law Anushree launches microfinance venture Svamaan Financial Services

JSW Group chairman Sajjan Jindal's daughter-in-law Anushree on Tuesday announced a micro-lending venture to help uplift the underserved segments.

Manipur discovers the transformative power of small banks and micro loans
Business

Manipur discovers the transformative power of small banks and micro loans

Loans are issued only after meticulously screening clients and taking approval from their guarantors.

Apple iPhone 8 to come with wireless charging, though it may not be the fastest, says report
News & Analysis

Apple iPhone 8 to come with wireless charging, though it may not be the fastest, says report

This time around rumour has it that the iPhone will be having a glass back rather than a metal body design which will enable wireless charging.

Swaraj at 70 Part 7: India needs a more inclusive model of development, says Vijay Mahajan
India

Swaraj at 70 Part 7: India needs a more inclusive model of development, says Vijay Mahajan

Vijay Mahajan talks about how three million poor households are looking for Swaraj through microfinance and livelihood promotion services.

Intex on track to touch the Rs 100 crore mark in Indian mobile accessories market by 2017
News & Analysis

Intex on track to touch the Rs 100 crore mark in Indian mobile accessories market by 2017

Domestic phone maker Intex aims to touch the Rs 100 crore mark in the Indian accessories segment by March 2017.

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

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.

Funding the unfunded: PM Modi launches MUDRA bank for small entrepreneurs
Business

Funding the unfunded: PM Modi launches MUDRA bank for small entrepreneurs

Prime Minister Narendra Modi on Wednesday launched the Micro Units Development Refinance Agency (MUDRA) Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).

Banks working on setting up 'Rural ATMS' for smaller denominations: RBI
Money

Banks working on setting up 'Rural ATMS' for smaller denominations: RBI

Typically in city or urban centric ATMs, they will disburse high denomination notes (Rs 1,000 and Rs 500), whereas in rural areas, people will be requiring more of lesser denomination

Spoilers for MFIs' fund-raising plans despite RBI move
Economy

Spoilers for MFIs' fund-raising plans despite RBI move

It is difficult to convince foreign investors to put in money at a time, when the domestic business is not doing good and the rupee is continuously declining.

Cash from investors abroad, more likely to help large MFIs
Economy

Cash from investors abroad, more likely to help large MFIs

Meeting the new requirements as laid down by the RBI is almost impossible for small MFIs as they are already suffering from shortage of funds and high operating costs.