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THE rising default rate by clients of Microfinance Institutions (MFIs) is a result of lack of financial education on the side of clients, according to industry experts. MFI clients are reportedly challenged with lack of knowledge on the cost of borrowing ...
May 21, 2012 at 07:54 | Source: AllAfrica.com
Microfinance institutions (MFIs) have something to cheer about. Securitised microfinance loans are getting grades that are better than the ratings assigned to micro lenders selling these portfolios, say analysts and those in the sector. This has persuaded ...
May 21, 2012 at 19:14 | Source: Business Standard
The Microfinance Institutions (Development and Regulation) Bill 2012 introduced today comes with modifications to the earlier Bill introduced in March 2007. On account of the dissolution of the Lok Sabha, the Micro Financial Sector (Development ...
May 22, 2012 at 08:22 | Source: MoneyControl.com
A central law to regulate MFIs will be much better than a collection of many state laws any day. In the latter, the compliance costs alone would have killed MFIs. Yet, the measure may be too late. By now, MFIs have been demonized so badly that it will take ...
May 22, 2012 at 18:09 | Source: Livemint.com
Microfinance institutions (MFIs) booked heavy profits when many of the borrowers in Andhra Pradesh, which absorbed a third of microfinance deployed in India, committed suicide. After the State Government enacted the Andhra Pradesh Microfinance ...
May 22, 2012 at 16:21 | Source: Hindu Business Line
The Union Cabinet on Thursday approved a bill to regulate the micro finance industry and bring the micro lenders under the purview of the Reserve Bank. "It (Micro Financial Sector Development and Regulation Bill, 2011,) has also been cleared ...
May 10, 2012 at 18:09 | Source: Hindustan Times
Besides, RBI would make provision for constitution of the Micro Finance Development Fund which would be utilised for the purpose of providing loans and seed capital to MFIs and set up of grievance redressal mechanism. The Bill further provides for ...
May 22, 2012 at 10:59 | Source: in.com















