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Microfinance Institutions

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Ela Bhatt, whose SEWA empowered unorganised women workers, passes away

Renowned women's rights activist Ela Bhatt, the founder of SEWA (Self Employed Women's Association), died in Ahmedabad on Wednesday due to age-related issues, her associates  said. Bhatt, 89,......

Why is BJP shy of naming a CM in Assam?

The party is less forthcoming about who the chief minister will be if it stays in power, observes Aditi Phadnis. IMAGE: Prime Minister Narendra Damodardas Modi being presented an Assamese Japi by......

Maha curbs: Fruit vendors, security services exempted

Petrol pumps, government and private security services, and fruit vendors among others have been added to the list of essential services being exempted from the ambit of the strict curbs that came......

Biden picks Kashmiri-origin Sameera Fazili in WH team

United States President-elect Joe Biden has appointed Indian-American Sameera Fazili to a key White House position related to economy. IMAGE: Fazili is the second Kashmiri-origin Indian-American......

Why Satya Nadella's dad will always be remembered

Bukkapuram Nadella Yugandhar's 'formidable legacy will survive through a generation of civil servants whom he trained, nurtured, mentored and inspired with a rare combination of energy, enthusiasm......

Bandhan Bank founder CEO C S Ghosh to retire in July

Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD......

Future of digital payments in India

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.' IMAGE: Cutlery vendor switches on Paytm at a roadside......

It's back to the drawing board for payment banks

RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......

RBI bars IIFL Finance from disbursing gold loans

The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying......

Bandhan Bank's micro challenges: Unsecured loan book, CEO's tenure

It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. Photograph: Rupak De Chowdhuri/Reuters A year later, in......

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