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
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.
JSW Group chairman Sajjan Jindal's daughter-in-law Anushree on Tuesday announced a micro-lending venture to help uplift the underserved segments.
Loans are issued only after meticulously screening clients and taking approval from their guarantors.
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.
Vijay Mahajan talks about how three million poor households are looking for Swaraj through microfinance and livelihood promotion services.
Domestic phone maker Intex aims to touch the Rs 100 crore mark in the Indian accessories segment by March 2017.
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.
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).
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
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.
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.