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How small banks will boost financial literacy

While most microfinance institutions (MFIs) with foreign equity holding are confident of reducing it to 40 per cent in the next 18 months as asked by the Reserve Bank of India, Ratna Vishwanathan......

Funding the unfunded: India helps small business borrow to grow

Only 4 per cent of 57.7 million small business units in India have access to institutional finance, leaving many to rely on informal lenders A new bank announced in the annual Budget last week......

Funding the unfunded: Mudra Bank to help small firms to grow

A new bank announced in the annual budget last week could boost loans and cut borrowing costs for India’s cash-starved small businesses -- tailors, mechanics and phone booth operators who......

Microfinance industry coming back to life

After more than three years, the microfinance industry is attracting new players. In six-eight months, at least six new microfinance institutions (MFIs) have got membership of industry body MFIN......

RIL parks over Rs 800 cr in Anil-led Reliance Group MFs

Flush with billions of dollars in cash, Mukesh Ambani-led Reliance Industries Ltd (RIL) has parked more than Rs 800 crore (Rs 8 billion) in various mutual fund schemes of younger sibling Anil-led......
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Ratna Vishwanathan

Ratna Vishwanathan, chief executive officer of Microfinance Institutions Network (MFIN), is confident that the MFIs have put the Andhra crisis... ...

http://www.dnaindia.com/money/report-microfinance-institutions-operating-well-below-product-pricing-ceiling-stipulated-by-rbi-ratna-vishwanathan-2215446
Microfinance portfolio grew 84% in FY15

Higher ticket size loans and bank funding helped microfinance institutions to increase their gross loan portfolio by about 84% in FY16 to Rs 53,233... ...

http://smartinvestor.business-standard.com/market/Marketnews-385088-Marketnewsdet-Microfinance_portfolio_grew_84_in_FY15.htm
It may not be a cakewalk for mobile wallet firms, warn panellists at Techcircle forum

| 0 Comments Following the introduction of unified payments interface (UPI)—that empowers users to initiate payment requests from a smartphone... ...

http://techcircle.vccircle.com/2016/05/20/it-may-not-be-a-cakewalk-for-mobile-wallet-firms-warn-panellists-at-techcircle-forum/
MFIN

Previous story: New Digital Banking Platform to Enable Financial Institutions to Provide More Secure Banking Services Next story: Ola... ...

http://www.apnnews.com/2016/05/18/microfinance-industry-witnessed-growth-of-84-over-last-year-with-44-increase-in-client-base-mfin/
Indian microfinance loans grew 36 percent in 2015-16

New Delhi, May 18 (IANS) Total loans disbursed by India's microfinance industry grew 36 percent in the last fiscal as compared to 2014-15, the... ...

https://in.news.yahoo.com/indian-microfinance-loans-grew-36-percent-2015-16-140005470--finance.html

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