MFIs plan to raise Rs 20,000 crore over next 18 months

Microfinance institutions in the country plan to raise incremental capital of around Rs 20,000 crore over the next 18 months, an industry association official announced here today.

RBI raises lending limit for MFIs

The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.

Parliamentary panel asks to bring fresh Micro Finance Bill

A Parliamentary panel has rejected the bill on micro-finance institutions (MFIs) and asked the government to bring a fresh legislation before Parliament.

MFIs should explore the option of tapping capital mkts:Mayaram

Micro-finance institutions need to explore the option of raising funds from the capital market and take advantage of the government schemes for investment purposes, a top finance ministry official said Wednesday.

Budget 2012: Ailing MFIs hail move to bring in Central law

The crisis-ridden microfinance sector has welcomed the budgetary announcement to table the new MFI Bill, saying the regulatory clarity will help in the resumption of bank funding.

Bank loan to MFIs is priority sector lending: RBI

The Reserve Bank today said that loans extended by banks to micro-finance institutions (MFIs) from April 1 onward will be classified as priority sector lending.

AP Assembly passes Bill to regulate MFIs

The Andhra Pradesh Assembly
tonight passed a Bill that is aimed at regulating the working
of microfinance institutions (MFIs) in the state.