Latest News on Mfi
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Mfi - Total results - 11
Dec 25, 2019
IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorateThe 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.
Jan 22, 2019
Sajjan Jindal's daughter-in-law Anushree launches microfinance venture Svamaan Financial ServicesJSW Group chairman Sajjan Jindal's daughter-in-law Anushree on Tuesday announced a micro-lending venture to help uplift the underserved segments.
Jun 25, 2018
Manipur discovers the transformative power of small banks and micro loansLoans are issued only after meticulously screening clients and taking approval from their guarantors.
Aug 28, 2017
Apple iPhone 8 to come with wireless charging, though it may not be the fastest, says reportThis 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.
Aug 22, 2017
Swaraj at 70 Part 7: India needs a more inclusive model of development, says Vijay MahajanVijay Mahajan talks about how three million poor households are looking for Swaraj through microfinance and livelihood promotion services.
Nov 14, 2016
Intex on track to touch the Rs 100 crore mark in Indian mobile accessories market by 2017Domestic phone maker Intex aims to touch the Rs 100 crore mark in the Indian accessories segment by March 2017.
Sep 16, 2015
Banking revolution 2.0: RBI paves way for ten small finance banksThe 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.
Apr 08, 2015
Funding the unfunded: PM Modi launches MUDRA bank for small entrepreneursPrime 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).
Jul 14, 2014
Banks working on setting up 'Rural ATMS' for smaller denominations: RBITypically 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
Dec 24, 2011
Spoilers for MFIs' fund-raising plans despite RBI moveIt 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.