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MFIs should be given micro credit banking licence: Yunus

Last Updated: Wednesday, June 11, 2014, 20:24

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.

Bandhan appoints Deloitte as management consultant

Last Updated: Wednesday, May 14, 2014, 16:34

Leading micro finance institution Bandhan Financial Services on Wednesday appointed Deloitte as its management consultant.

MFIs delinquency rate declines 20% in Apr-Oct this fiscal

Last Updated: Monday, January 06, 2014, 17:15

Credit information company ECIS Monday said the delinquency rate of micro-finance institutions (MFIs) has declined by 20 percent between April and October 2013.

MFIs to grow 30-35% for 3-years: ICRA

Last Updated: Tuesday, October 22, 2013, 22:04

Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 percent over the next three years, a study said.

MFIs may challenge HC ruling; see 40 pc growth in FY'13

Last Updated: Sunday, February 24, 2013, 18:48

The MFIN is also expecting the industry to log in a healthy 40 percent growth this fiscal, after the last year's drought when the industry de-grew by a whopping 24-25 percent.

'Make MFI interest rates consistent with repayment capacity'

Last Updated: Monday, December 10, 2012, 22:35

Micro lending institutions should fix interest rates consistent with repaying capacity of borrowers, Prime Minister's Economic Advisory Council Chairman C Rangarajan said here Monday.

MFIs should follow respectful method of loan recovery: FM

Last Updated: Tuesday, November 27, 2012, 16:55

The micro-finance institutions (MFIs) need to have a code of conduct and must follow "respectful" methods for recovery of loans, Finance Minister P Chidambaram said Tuesday.

MFIs must be responsible lenders: Rangarajan

Last Updated: Wednesday, August 29, 2012, 20:58

Faulting the microfinance institutions for adopting strong arm tactics, Prime Minister's Economic Advisory Council Chairman C Rangarajan Wednesday said MFIs must modify their business models and become responsible lenders.

RBI extends deadline for MFI provisioning norms to Apr'13

Last Updated: Wednesday, March 21, 2012, 15:45

The Reserve Bank has deferred the deadline on implementation of asset classification and provisioning norms for non-banking financial company-micro finance institutions (NBFC-MFIs) to April 1, 2013 from April this year.

MFIs hope for better time ahead on regulatory clarity

Last Updated: Sunday, December 25, 2011, 12:00

The domestic microfinance industry is hopeful of a slow, but steady progress next year, say industry experts.

RBI guidelines on MFI sector a positive: Crisil

Last Updated: Wednesday, December 07, 2011, 21:11

The Reserve Bank's recent guidelines on the MFI sector will prove to be a positive and structurally strengthen it over the long run, ratings agency Crisil said Wednesday.

MFI sector needs regulation: Kidwai

Last Updated: Sunday, November 20, 2011, 21:39

Pitching for early enactment of the Micro Finance Bill, HSBC India Chief Naina Lal Kidwai has said the MFI sector has huge potential but needs regulations for growth.