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- MFIs could be furture banks (23 August 2010)
RBI is preparing a discussion paper on new banks. Soon Indian MFIs could evolve into Banks. The Grameen Bank of Bangladesh is a ready regular bank. ...
- Grassroots Business Fund to join hands with Aavishkaar (23 August 2010)
The Grassroots Business Fund (GBF) has joined hands with Aavishkaar in two of its projects in India on high impact business. The projects are with Shree Kamdhenu Electronics Private Limited (SKEPL) and Servals Automation. Aavishkaar has been supporting these two projects for the last seven years and now with GBF entering into it, it would help build and strengthen micro equity investments to support the scalable small entrepreneurs. ...
- Focus on Financial Inclusion (20 August 2010)
In the Financial Inclusion Conference organized by Great Lakes Institute of Management, Sh. C Rangarajan, Chairman, Economic Advisory Council stated that to be able to facilitate financial inclusion in the country there should be simplification of procedures in giving loans to small borrowers, promotion of farmer friendly rural bank branches and formulation of appropriate micro-financing measures which do not over-burden the borrower. ...
- Chairman of Economic Advisory Council proposes formation of microfinance NBFCs (MFs-NBFC) (20 August 2010)
According to Mr. C Rangarajan, the Chairman of Economic Advisory Council, the autonomy of the financial regulators should not be compromised but there should be an appropriate set-up to resolve disputes between them, if any. The Government is in fact planning to create a super regulator in the financial sector after creating a Financial Stability and Development Council. ...
- MFIN exploring to make accreditation with credit bureaus mandatory for members (19 August 2010)
MFIN the self-regulatory body of NBFC-MFIs in India is exploring to make accreditation with two credit bureaus mandatory for all its members. It has 42 members so far. ...
- Fundamental Investors buys SKS shares in bulk (19 August 2010)
The SKS shares rose to Rs. 1,084.10 at the close of its first trading session on NSE, which is 10.06% over the issue price of Rs. 985 per share. ...
- Microfinance facilities to be introduced for small-time traders in Karnataka (18 August 2010)
The Cooperative Banks in Karnataka shall soon for the very first time come out with micro finance facilities for small-time traders. ...
- SKS shares opened at a premium of more than 5% (18 August 2010)
SKS Microfinance, India’s first MFI raised Rs 1,650-crore by way of its IPO and had it oversubscribed by 13.6 times. ...
- SIDBI gets 36 million pound from DFID (17 August 2010)
The Department for International Development (DFID) has released 36 million pounds (i.e. app. Rs. 264 crore) to SIDBI to initiate inclusive growth project in Bihar, Orrisa, U.P. and M.P. ...
- Ujjivan Raises Rs. 45 Crores by way of Non Convertible Debentures (17 August 2010)
Ujjivan Financial Services Private Limited, Bangalore based MFI has raised Rs. 45 Crores by NCDs. The NCD is listed with Bombay Stock Exchange. ...
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