Microfinance Institutions
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New Delhi: The government on Tuesday introduced the much-awaited legislation governing microfinance institutions (MFIs) in the Lok Sabha, seeking to empower the central bank to regulate the sector and provide an overarching legislative framework for it.
May 22, 2012 at 17:04 | Source: Livemint.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
which would help to monitor microfinance institutions (MFIs) and offer policy recommendations. It prescribes a minimum capital of Rs 5 lakh. The move to regulate the sector stems from allegations that MFIs have been charging rates as high as 60 per cent ...
May 23, 2012 at 10:15 | Source: in.news.yahoo.com
the Cabinet on Thursday gave the green signal to the Microfinance Institutions (Development and Regulation) Bill. The Bill makes Reserve Bank of India as the regulator for all micro finance institutions. The Bill states that MFIs with minimum net-owned ...
May 11, 2012 at 05:43 | Source: Express Buzz
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
TDP senior leader Motkupalli NarasimÂhulu has asked the Chief Minister Kiran Kumar Reddy to order an investigation into the working of all the microfinance institutions and the irregularities being committed by them. In a letter to the CM, he ...
May 16, 2012 at 10:31 | Source: postnoon.com
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
Finance - 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 ...
May 21, 2012 at 17:06 | Source: afriquejet.com
The microfinance industry and its supporters are an unhappy lot. Reason: The Rural Development Minister, Mr Jairam Ramesh's observation that the Micro Finance Institutions (Development and Regulation) Bill would hamper the self-help group (SHG) movement in India.
May 22, 2012 at 16:21 | Source: Hindu Business Line
Traditionally, microfinance provides access to loans and other financial services for small businesses and entrepreneurs who are unable to meet the requirements set by commercial banks and other lending institutions. Axcel Finance, the microfinance ...
May 24, 2012 at 13:34 | Source: Caribbean360.com