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- Arman Microfinance announces plans to float its rights issue (16 August 2010)
Arman Financial Services Ltd. which is a listed MFI has announced its plans to float its IPO. Since the spread of this news, its trading in its 52 week high. ...
- MFTransparency to initiate transparent pricing initiative (13 August 2010)
MFTransparency is a U.S.-based NGO which works on promoting accurate and transparent pricing in the microfinance sector. It has now roped in 82 MFIs in its transparent pricing initiative. These MFIs have undertaken the process of submitting data. So far 42 MFIs have completed this process. This initiative is being undertaken in cooperation with ACCESS Development Services. ...
- IFC to invest in clean technology projects (13 August 2010)
IFC has initiated talks with banks and financial institutions to invest in clean technology projects. IFC is the private sector lending arm of World Bank. ...
- MFIs asked not to overburden borrowers (12 August 2010)
Sh. C. Rangarajan, the Chairman of the Prime Minister\'s Economic Advisory Council has asked MFI to keep the overall cost to borrowers at a level that is consistent with their repaying capacity. ...
- SKS Could list above Rs. 1200 (12 August 2010)
SKS Microfinance is the first Indian MFI to successfully float its IPO which received bids for 13.69 times the stock available ...
- Banks & telecom companies to play important role in financial inclusion (11 August 2010)
In the recently held 3rd Financial Inclusion and Digital Payments Conference, the title which was deeply discussed was - Cash to Cashless Society. The conference was organized by Internet and Mobile Association of India (IAMAI) in association with ItzCash Card. ...
- RBI’s uncalled for concern (11 August 2010)
The recent concern of RBI over Banks lending to the for-profit MFIs in the country is unnecessary and is misplaced. ...
- RBI warns banks on lending to for-profit MFIs (10 August 2010)
In a recent meeting with Bank chair-persons, the RBI deputy governor Usha Thorat opined concerns on the banks lending to for-profit MFIs which use this money to on-lend at high rates of interest. RBI has asked lenders to review their microfinance portfolio. Usha Thorat has taken over the portfolio of financial inclusion, which was earlier looked upon by deputy governor KC Chakrabarty. ...
- MFIN to create Task forces (9 August 2010)
Microfinance Institutions Network has planned to create seven task forces. These task forces would be engaged in monitoring & managing MFIs, looking into the credit bureau, transparency, code of conduct, HRD, policy issues, product diversification and media relations etc. MFIN is the self-regulatory organisation of MFIs ...
- RBI deliberating to appoint Corporates and NBFCs as BCs (9 August 2010)
RBI is exploring at the prospects to appoint Corporate and NBFCs in the role of business correspondents, in order to achieve financial inclusion. RBI disclosed this in its discussion paper for engagement of \'for profit\' companies as business correspondents (BCs) and has asked for comments/feedback by August 20, 2010. ...
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