Bandhan gets a seat at State Level Bankers' Committee

Bandhan Financial Services, a micro-finance institution (MFI) set to turn into a bank soon, has been invited to attend the meetings of State Level Bankers' Committee held at regular intervals.

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.

Bandhan appoints Deloitte as management consultant

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

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

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 should follow respectful method of loan recovery: FM

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 hope for better time ahead on regulatory clarity

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

MFI sector needs regulation: Kidwai

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.