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Rajiv Ramakrishnan on UN panel

Rajiv Ramakrishnan, an undergraduate at Brandeis University in Waltham, Massachusetts, has been doing his bit to help the United Nations achieve its Millennium Development Goals for the advancement......

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......

MFIs can't charge more than 26% interest: RBI

The Reserve Bank of India has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened for MFIs the bank credit line which was curtailed following......

Third of banks' MFI loans go into restructuring

Almost a third of loans that banks have given to microfinance institutions have been admitted for restructuring.This follows the inability of MFIs to repay.The Corporate Debt Restructuring cell has......

Lessons for micro-finance from 2010

The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce......

MFIs plan action against YES Bank's loan recall

Micro-finance institutions (MFIs) are planning to take legal action against YES Bank's move to recall a part of its loans to them. However, they intended to first write to the bank to withdraw its......
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Banking Newsletter - October 17 to 21, 2016

This week saw DHFL's Q2 net income rising; a jump in PAT at Rs 233 crore, Axis Bank cut the MCLR by 5 bps. IIFL presents a weekly snapshot of all... ...
RGVN Microfinance plans to start small finance bank operations by 15 January

RGVN intends to add 32 more branches to its current tally of 132 branches of the company by March next year Mumbai: Guwahati-headquartered RGVN... ...
Money with Meaning

India has constantly remained in the cross-fires of cruel comparisons - the second fastest growing economy that yet hosts 22 per cent of the... ...
Her Royal Highness Grand-Duchess of Luxembourg Joins the Asian University for Women Council of Patrons

LUXEMBOURG -- (Marketwired) -- 10/17/16 -- Asian University for Women, Chittagong, Bangladesh, announced today the commitment of Her Royal Highness... ...
Small finance banks eye priority sector lending certificates to boost fee income

According to banking experts, 80-90% of the loan books at small finance banks are made up of priority sector loans Mumbai: As small finance banks... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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