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Small businesses can now avail loans from MUDRA

  Prime Minister Narendra Modi on Wednesday launched the MUDRA Yojana that will offer loans to 'fund the unfunded' self-employed as well as small businesses, up to Rs 10 lakh at low rate......

30 cr landless people to get jobs once land bill is passed: FM

About 30 crore landless people will get employment in the industrial corridors following amendments to the land acquisition bill, Finance Minister Arun Jaitley said on Wednesday. "I want to make a......

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......

Microfinance institutions forced to sell cycles

Some MFIs are morphing into cycle sellers and pawn shops, while others are dreaming of an IPO.Ever since microfinance became a dirty name - seen as a driver of suicides and the subsequent harsh......

NBFCs lose priority sector tag, see red

Stocks of most non-banking finance companies (NBFCs) were on a crash course on Wednesday, with the Reserve Bank of India excluding loans given to the sector from the priority sector list.RBI on......
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Muthoot Fincorp Addressing Needs of the Underprivileged

KOCHI: The services of Muthoot Fincorp Ltd, the flagship company of the Kerala-headquartered Muthoot Pappachan group, were primarily targeted... ...

http://www.newindianexpress.com/cities/kochi/Muthoot-Fincorp-Addressing-Needs-of-the-Underprivileged/2015/05/09/article2804534.ece
Microfinance is no economic miracle

The innovation called microfinance is actually an innovation in banking systems and processes to enable lenders to lend to the poor in a... ...

http://www.thehindubusinessline.com/opinion/microfinance-is-no-economic-miracle/article7185529.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
CARE reaffirms 'A+' rating to SKS Microfinance's NCD

Credit rating agency, CARE has reaffirmed 'A+' rating to SKS Microfinance's Non Convertible Debentures (NCD) worth Rs 400 crore. The rating agency... ...

http://www.indian-commodity.com/corporate/care-reaffirms-a-rating-to-sks-microfinance-s-ncd.aspx
MFI rules need more thought; else, they can go wrong

The microfinance industry has witnessed many changes since the 2010 crisis. Recently, the Reserve Bank of India (RBI) eased some lending norms for... ...

http://www.livemint.com/Money/PsVX632fp2ofAq6a4mjg1N/MFI-rules-need-more-thought-else-they-can-go-wrong.html
Who will be the lucky ones as firms like AU Financier and FINO await licenses

If there is one event the financial community is keenly awaiting this year, it's the granting of small finance bank licences. There are 72... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/small-finance-banks-who-will-be-the-lucky-ones-as-firms-like-au-financier-and-fino-await-licenses/articleshow/47090378.cms

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