Malegam Committee

The Reserve Bank of India (RBI) on Friday said it was introducing micro-finance institutions (MFIs) as a new category of non-banking finance companies following the recommendations made by the Malegam Committee which submitted its report in January 2011.

See improvement in MFI space in second half: L&T Finance

With the microfinance scenario becoming more positive than it was two-three months ago, N Sivaraman, president and whole-time director of L&T Finance Holdings is hopeful that things will improve going forward.

Indian Overseas Bank set to resume MFI lending

IOB is set to resume micro finance lending after it saw good recovery of loans from some top micro finance companies or MFIs in April-June quarter. These include SKS Microfinance, the largest MFI and the fourth-largest Kolkata-based Bandhan.

MFIN is all in favour of the new MFI Regulation Bill

The finance ministry today released the MFI Development & Regulation Bill. Alok Prasad, CEO of the MFI Industry body, MFIN, talks to CNBC-TV18 about what the bill means for the industry.

SE Investments' new venture meets Malegam Committee terms

SE Investments is undertaking restructuring plans with regards to hive off their MFI business into a wholly owned subsidiary. Sunil Agarwal, MD of SE Investments, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, spoke about the recent happenings in his company and the road ahead.

Malegam's Microfinance: The Last Laugh

The priority sector tag for MFIs could become a contentious issue in the days ahead.

Foresee no major slowdown in operations: M&M Financial

V Ravi from Mahindra & Mahindra Financial Services, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, analysed the impact of the credit policy on non-banking financial companies (NBFCs) and banks.

RBI rule allows MFIs to up interest rates: SKS Microfinance

The microfinance sector received a huge leg up, first from the finance minister's budget speech and most recently, the RBI's acceptance of the Malegam Committee recommendations where it has re-affirmed priority sector status for microfinance.

Banks for maintaining priority sector status for MFIs

Banks have asked the Reserve Bank for preservation of priority sector status for the microlending sector, irrespective of the individual conduct of borrowing microfinance institutions (MFIs).

7 states in favour of RBI regulating MFIs

State governments today met the RBI over the issue of regulation of the microfinance sector. They said they have no objection to RBI and NABARD regulating the sector, but want a central law, that will permit the state governments to intervene when they feel the need, reports CNBC-TV18’s Vidhi Godiawala.

Priority sector status to MFIs big boost: SKS Microfinance

Vikram Akula, chairman of SKS Microfinance, told CNBC-TV18 they are glad to get some semblance of regulatory certainty from the Malegam committee recommendations. He is glad of the RBI taking charge in regulating this space.