Micro Finance

Hela April 26, 2019

MUMBAI: The risk of over-leveraging in the microfinance sector has increased owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the credit bureau data, said credit rating agency Icra on Tuesday. Icra said in a statement that an analysis of the portfolio of micro finance institutions (MFIs) reveals that […]

Hela April 13, 2019

BENGALURU | MUMBAI: Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said. […]

Hela April 1, 2019

In the last decade or so, there have been umpteen discussions in India about double digit GDP growth and the country joining the league of economic superpowers. However, the persistent question for socio-economic thinkers remains- is the growth benefitting everyone in the society? Our economy is growing but are we progressing as a society? As […]

Hela February 22, 2019

NEW DELHI: Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan. The report is based on data provided by 124 microfinance institutions. Combined microcredit portfolio of all lenders […]

Hela February 15, 2019

The 10th Microfinance Conference of the University of Cape Coast (UCC) opened yesterday with a call on financial and educational institutions to educate the public on financial literacy to prevent them from falling prey to Ponzi schemes and making huge financial losses. The Central Regional Minister, Mr Kwamena Duncan, who made the call, stressed the […]

Hela February 15, 2019

With surging deposit base and ever-rising profits, Bandhan Bank is now facing the problem of plenty for its capital deployment. At a time when most of the top-rung scheduled commercial banks are either waiting for the government to infuse capital or are burdened with dud loans, Bandhan is witnessing a surge in deposits which grew […]

Hela February 15, 2019

Tata Trusts Chairman Ratan Tata and Assam`s Finance Minister Himanta Biswa Sarma on Sunday launched the first 28 branches of the North East Small Finance Bank (NESFB), the region`s first small bank. “If India has to grow as a prosperous place, we need to create opportunities and entrepreneurship,” Tata said at the function here. The […]

Hela February 15, 2019

The recent devastation in Kerala has posed a new challenge to the microfinance sector, particularly the niche institutions that are concentrated in select geographies. Natural calamities in southern states like severe floods in Tamil Nadu in 2015 and now in Kerala have dealt a body blow to the sector which was hit the hardest during […]