Mfi

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

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

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

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

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).

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

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.

MFIs to be allowed to raise fund through ECB

The Reserve Bank today said it will soon allow microfinance institutions to raise funds up to $10 million through external commercial borrowings (ECB).

Andhra Pradesh MFIs may halve rates to stay afloat

The repayment rates in the state is as low as below 5 percent, according to many MFI players.

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