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Tuesday, May 24, 2022

microfinance institutions

MICROFINANCE INSTITUTIONS NEWS

MFI industry seeks more refinance from DFIs in budget

January 27, 2020 12:02 pm

The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects.

RBI set to recognise supermarts, mobile companies as banks

July 18, 2014 8:46 am

The funds mobilised by the banks will be invested only in government securities.

A fresh start for microfinance

February 11, 2014 10:06 am

But consumer protection and redress cannot be left to the industry alone.

When chit funds are legit,and how cheats thrive on concept

April 29, 2013 12:32 am

Subhomoy Bhattacharjee explains how prize chits work,and why they are tough to regulate

SKS to axe 1,200 staff,shut 78 branches in AP

May 11, 2012 12:34 am

“We have brought down the residual Andhra Pradesh exposure to Rs 236 crore from a high of Rs 1,491 crore in October 2010 by writing off Rs 1,120 crore,” he said.

RBI not in favour of allowing MFIs to take deposits: Sinha

April 23, 2012 9:23 pm

RBI Deputy Governor Anand Sinha today indicated the central bank was not in favour of allowing micro-finance institutions (MFIs) to take deposits from public.

SKS raises FII cap to 74%

December 21, 2011 5:58 pm

Shareholders at the general meeting approved to increase investments of FIIs from 24% to 74%.

RBI allows MFIs to raise $10 million via ECBs

December 20, 2011 2:24 am

The RBI has allowed micro-finance institutions to raise up to $10 million through external commercial borrowings against the earlier limit of $5 million,a move that will widen their fund raising sources

No fresh MFI loans in Andhra Pradesh

October 16, 2011 4:44 pm

Microfinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.

SHARE Microfin reaches debt deal

September 30, 2011 1:17 am

Of this,Small Industries Development Bank of India’s (SIDBI) share is at Rs 350 crore,while ICICI Bank’s exposure is Rs 217 crore. As on March 2011,the company’s total amount outstanding worked out to around Rs 2,066 crore.

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