Microfinance

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Microfinance - Total results - 67
In Bangladesh, a fishing community lives in a boat village, dissociated from mainland, government assistance
long-reads

In Bangladesh, a fishing community lives in a boat village, dissociated from mainland, government assistance

The locals consider them to be lower caste people. The land dwellers are the main customers of these fishers, as they do business with the ‘Babaija’. It is a relation of monetary transactions, not one of kinship.

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

Only dozen-odd of 52 microlenders can gain from RBI's special liquidity window, says MFIN chief
Business

Only dozen-odd of 52 microlenders can gain from RBI's special liquidity window, says MFIN chief

Only a dozen-odd of the 52 micro lenders have investment-grade ratings and are thus eligible to issue debt instruments that can be picked by banks using the Rs 50,000-crore special liquidity tap that the Reserve Bank of India has opened up over the weekend

Micro lenders looks towards normalcy in Assam as protests against CAB cause delay in loan repayment
Business

Micro lenders looks towards normalcy in Assam as protests against CAB cause delay in loan repayment

Microfinance institutions which have started witnessing delay in loan repayment in Assam following the outbreak of protests against the new citizenship law are keeping their fingers crossed for a stability in their operations, industry insiders said

Sachin Bansal picks up majority stake in fintech company CRIDS, assumes role of CEO
Business

Sachin Bansal picks up majority stake in fintech company CRIDS, assumes role of CEO

Flipkart co-founder Sachin Bansal has picked up a stake in Chaitanya Rural Intermediation Development Services (CRIDS) and has pumped in Rs 739 crore in the non-banking financial company

Microfinance industry posts 43% growth in loan portfolio to Rs 1.66  lakh cr in December quarter: Report
Business

Microfinance industry posts 43% growth in loan portfolio to Rs 1.66 lakh cr in December quarter: Report

Microfinance industry posted 43.1 percent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of Rs 1,66,284 crore, a report by MFIN said on Monday

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.

Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet
Business

Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet

In 2017-18, non-banking finance companies (NBFCs) were the largest net borrowers from the financial system

CreditAccess Grameen lists at a discount on the bourses; opens at Rs 385 against issue price of Rs 422
Business

CreditAccess Grameen lists at a discount on the bourses; opens at Rs 385 against issue price of Rs 422

CreditAccess Grameen, which recently concluded Rs 1,131-crore initial public offer (IPO), was subscribed more than two times during the August 8-10 offer period

As communities in north, east Sri Lanka drown in debt, government struggles to regulate micro-finance
World

As communities in north, east Sri Lanka drown in debt, government struggles to regulate micro-finance

A new loan to repay an earlier loan; the cycle of debt never seems to end for many families in post-war north and east Sri Lanka.

Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank
Business

Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank

In April 2014, Bandhan was one of the two entities, another was IDFC, that won banking licence from the RBI defeating big companies in the fray

Amazon partners with Bank of Baroda to offer micro loans to sellers
News & Analysis

Amazon partners with Bank of Baroda to offer micro loans to sellers

The sellers on Amazon will receive pre-approved indicative offers from the bank for the loan amount they are eligible.

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.

Favourable monsoon may give boost to CV loans, recovery in microfinance: Moody's & ICRA
Business

Favourable monsoon may give boost to CV loans, recovery in microfinance: Moody's & ICRA

Moody's expects the performance of commercial vehicle loans in Indian auto ABS transactions to continue to recover following a deterioration post-demonetisation

Microfinance institutions network launches ‘MFIN Connect’, India’s first financial literacy app
News & Analysis

Microfinance institutions network launches ‘MFIN Connect’, India’s first financial literacy app

Micro Finance Institutions Network has launched a mobile app that will help microfinance clients in educating them about microfinance.

Why RBI's move to implement Islamic banking is exhaustive and thoroughly mature
Business

Why RBI's move to implement Islamic banking is exhaustive and thoroughly mature

Interest-free banking which is based on a participatory model should be allowed to function in India so that people have the option to enter into commercial transactions which are participatory in nature.

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.

Bandhan Bank is born: Chandra Shekhar Ghosh's incredible journey from a sweet shop to owning a bank
Business

Bandhan Bank is born: Chandra Shekhar Ghosh's incredible journey from a sweet shop to owning a bank

Bandhan Bank, India's latest private lender, will be officially launched in Kolkata on 23 August.

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

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.

MUDRA Bank can be positive for microfinance sector: ICRA
Economy

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.