Professor Mohammed Yunus helped disprove similar notions regarding banking services to the poor two decades ago. Perhaps the time has come to use innovative financing mechanisms to help the informal sector join the mainstream economy. ...
With credit growth not picking up owing to a high interest rate regime, many banks are now apprehensive about meeting their priority sector lending (PSL) target in the current fiscal. ...
State-run Small Industries Development Bank of India, or Sidbi, is contemplating equity investment in microfinance companies after a year long hiatus. ...
The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the Reserve Bank of India in the Budget Session of Parliament. ...
State Bank of India plans to grow its microfinance portfolio by 50% in the fourth quarter, drawing comfort from the Reserve Bank of India\'s (RBI) move to frame guidelines for microfinance institutions. ...