microfinance institutions

'Bill to address bankruptcy in fin sector in next Parliament session'

The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.

May 23, 2017, 20:15 PM IST

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.

Jul 09, 2015, 19:09 PM IST

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

Mar 22, 2015, 13:23 PM IST

Crisil sees 35% growth for MFIs, loan-book at Rs 45K-cr by FY15

The microfinance sector is likely to see buoyant growth in the medium-term and assets are set to reach Rs 45,000 crore by March 2016, says a report.

Jun 26, 2014, 21:01 PM IST

ICRA upgrades ratings of three MFIs

Rating agency ICRA has upgraded ratings of three microfinance institutions, Grameen Financial Services, Ujjivan Financial Services and Utkarsh Microfinance.

Jul 01, 2013, 18:54 PM IST

MFI delinquencies down 33% in last 6 months: Equifax

Micro-lenders in the country, which were finding the going tough on credit quality, have witnessed a 33 percent improvement in delinquency by number of accounts, credit information company Equifax said Wednesday.

Jun 19, 2013, 18:14 PM IST

MFIs must be responsible lenders: Rangarajan

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.

Aug 29, 2012, 20:58 PM IST

MFIs to be allowed to raise fund through ECB: RBI

The RBI said it will soon allow microfinance institutions to raise funds up to USD 10 million through ECBs.

Dec 13, 2011, 21:05 PM IST