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- Unitus, Swadhaar and ACCION join hands on microfinance (3 September 2010)
Swadhaar, a Mumbai based MFI working on urban poor and Unitus a NPO working on solutions for global poverty have entered into a strategic partnership to come out with microfinance program. ACCION International which is a part of Unitus-ACCION Alliance for India would provide Swdhaar the technical assistance for the program. ...
- Barclays launches microfinance initiative across three continents (3 September 2010)
Barclays Banks as part of its CRS initiative, has announced to undertake a microfinance programme of Rs. 70 crore spanning through 11 countries in Asia, Africa and South America. The initiative is named ‘Banking on Change’. ...
- RBI remarks to strengthen NBFC supervision (2 September 2010)
The central bank is considering tightening control over NBFCs, which are presently less regulated than the banks. ...
- Loan outstanding of MFIs to touch Rs 23,000 crore in Financial Year 2010 (2 September 2010)
As per Sa-Dhan, the unmbrella organisation for MFIs with 232 members, the total loan outstanding of MFIs is likely to be touching Rs. 23,000 crore by the end of March 2011. It is going to be 78% higher than the previous year’s figures. ...
- MFIs consider to cut rates of interest by 2-3% (1 September 2010)
Owing to rising concern on high rates of interest, a large no. of MFIs have considered to reduce their rate of interest by 2-3% by March 2011. Most of the MFIs are presently charging interest somewhere in the range of 18-36%. ...
- Lok Capital and Aavishkaar Goodwell invest in equity base of Suryoday Microfinance (1 September 2010)
Suryoday has sought Series B equity funding from Lok Capital and Aavishkaar Goodwell worth Rs. 175 million ...
- Spandana shortlists banks for $400m in IPO (31 August 2010)
Spandana Sphoorty Financial a leading MFI has shortlisted Morgan Stanley(MS.N), Citi(C.N) and JM Financial(JMSH.BO) for its IPO of $400 million, which may be launched next year. ...
- Bandhan looks to rope in pvt investor for 100-cr infusion (31 August 2010)
Bandhan Microfinance, an Indian MFI is now on a look out for a private investor who can infuse a capital of Rs. 100 crore in to the MFI. ...
- Western Union and Bandhan Microfinance join hands (30 August 2010)
Western Union, a leader in money transfer services has joined hands with Bandhan, an MFI to increase its threshold in rural areas. ...
- Equitas raises Rs 45 Cr from Canaan Partners (30 August 2010)
Equitas Microfinance is an Indian MFI operational in Tamil Nadu, Andhra Pradesh and Maharashtra. It has a loan portfolio of nearly Rs. 600 crores and has a client base of more than 10 lakhs. ...
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