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MFIs should be given micro credit banking licence: Yunus

Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.

Govt-appointed chairman of Bangladesh's Grameen Bank quits

The Chairman of Bangladesh's Grameen Bank Khondaker Muzammel Huq, who replaced Nobel laureate Muhammad Yunus as the head of the pioneering micro lending agency, has quit.

Bangla issues ordinance, tightens control over Grameen Bank

Under the ordinance, in consultation with the Grameen's governing board the chairman of the Bank would constitute a search committee to find out three to five suitable persons, who are "competent" to be the managing director of the "poor men's bank".

US concerned over move to curb independence of Grameen Bank

Expressing deep concern over the recent move on the selection of a new managing director of the Grameen Bank, US on Sunday appealed to the Bangladeshi government to ensure independence of the pioneering micro lending agency.

Bangladesh orders fresh probe into Yunus's activities

Bangladesh on Thursday ordered a fresh probe into the activities and financial transactions of Nobel Laureate Professor Muhammad Yunus, founder of pioneering micro lending agency 'Grameen Bank', and took steps to curtail his powers.

Yunus fears government is taking over Grameen Bank

On Thursday, the cabinet approved a proposal to amend the Grameen Bank Ordinance 1983 to reduce the powers of the bank's board and give more authority to its chairman for picking the managing director of the Grameen Bank.

Yunus extremely worried over Grameen Bank's future

Bangladesh's Nobel Laureate and micro credit pioneer Muhammad Yunus on Wednesday said he was apprehensive of a government takeover of the Grameen Bank he founded 30 years ago, and was concerned its future might be "endangered".

Race hots up for World Bank chief post; Sachs in contention

The nominations can be filed for the post of World Bank chief till March 23.

Yunus proposed as World Bank President

The Prime Minister has requested the European Union to use its good office for Dr Yunus for the presidency of the World Bank.