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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......

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......

Banks choke flow of funds to MFIs

In a fresh blow to microfinance institutions, banks are refusing to lend them even a sanctioned line of credit, following recent controversies over opaque corporate governance and usurious interest......

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Investors lap up microfinance cos, may pump in over $1 bn in 2015

MUMBAI: Microfinance institutes in the country have seen deals worth $500 million (Rs 3,000 crore) in the last seven lion (about or so months,... ...

http://economictimes.indiatimes.com/markets/stocks/news/investors-bank-on-mfis-again-may-pump-in-over-1-billion-in-2015/articleshow/46000459.cms

New payment banks to face challenges ahead

In the dusty bylanes of the Mumbai suburb Mankhurd, several people are loitering around a three-month-old branch of FINO PayTech, a banking... ...

http://businesstoday.intoday.in/story/new-payment-niche-banks-to-promote-access-to-banking-services/1/214434.html

Satin Creditcare raises $10 million through ECB route

CHENNAI: Micro finance institution Satin Creditcare Network has raised $10 million through the ECB (external commercial borrowing) route. This ECB... ...

http://timesofindia.indiatimes.com/business/india-business/Satin-Creditcare-raises-10-million-through-ECB-route/articleshow/45981567.cms

FINANCE MINISTER ARUN JAITLEY GAINS OPPOSITION SUPPORT FOR INSURANCE, GST BILLS

NEW DELHI: The government's floor managers, led by finance minister Arun Jaitley, have reached out to Opposition parties for securing their support... ...

http://www.ipanewspack.com/financial-sector-2/finance-minister-arun-jaitley-gains-opposition-support-for-insurance-gst-bills/

Airtel Partners Cignifi and WSBI to Develop Innovative Mobile Savings Product

ACCRA, Ghana, Jan. 20, 2015 /PRNewswire/ -- Brussels-based WSBI (World Savings and Retail Banking Institute) and Cignifi today announced an... ...

http://www.itnewsonline.com/prnewswire/Airtel-Partners-Cignifi-and-WSBI-to-Develop-Innovative-Mobile-Savings-Product/360443

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Rediff News

Microfinance Institutions Network

News for Microfinance Institutions Network

Rajiv Ramakrishnan on UN panel

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

Third of banks' MFI loans go into restructuring

Lessons for micro-finance from 2010

MFIs plan action against YES Bank's loan recall

Banks choke flow of funds to MFIs

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