Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
Nobel Laureate and chief architect of Grameen Bank Muhammad Yunus of Bangladesh had 45-minute meeting with Congress MP Rahul Gandhi in New Delhi on Wednesday during which the two discussed micro-financing activity in Bangladesh and India.
Muhammad Yunus is the 66-year-old Bangladeshi behind the Grameen Movement micro-banking system.
The groups plan to take on well-entrenched players like Amazon, Flipkart, and Paytm by merging their offline businesses with e-commerce initiatives.
Norway on Wednesday gave a clean chit to Grameen Bank founder Muhammad Yunus, saying it found no evidence of donor fund embezzlement by his bank, removing a cloud that had hovered over the Nobel Laureate.
The appellate division of the Supreme Court adjourned for two weeks the hearing on two appeals filed against a high court judgement that upheld a Bangladesh Bank order removing Yunus from the office of managing director of Grameen Bank.
Nobel Laureate Muhammad Yunus has welcomed Prime Minister Sheikh Hasina's call for an investigation into allegations that he channelled foreign aid meant for the Grameen Bank to another company.
Bangladeshi Nobel laureate Muhammad Yunus has been accused of stashing some $100 million originally for microcredit operations of his Grameen Bank to his another venture in 1996, breaching agreements with donors and violating the country's financial rules.
Land attachment and auction is being undertaken by banks that are controlled by the RBI, Gehlot said, urging the Centre to waive farmers' loans.
Yunus appeared in Food Court of Dhaka City Corporation over allegations that a sister concern of his Grameen Bank marketed contaminated yoghurt in market, officials said.
The Nobel laureate filed an application before the High Court.
The company has started a pilot project on micro-finance in partnership with Grameen Bank of Bangladesh.
All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.
A total of 22,27,506 farmers have obtained loan of about Rs 10,736 crore from cooperative banks in the state.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
He also asserted that the freedom of press has to be preserved at any cost in a democracy but media should remember that freedom comes with responsibility.
Two young entrepreneurs discuss their winning idea and how they plan to scale their business with Ritu Jha.
World Economic Forum's Global Shapers Annual Survey 2015 is one of the most geographically diverse surveys of millennials.
Chintan, an Indian NGO has been chosen for America's first Innovation Award for the Empowerment of Women and Girls.
US Secretary of State Hillary Clinton ruffled a couple of sensitive feathers while on her otherwise successful South Asian tour.
Neha Juneja and Ankit Mathur run Greenway Grameen Infra. They've recently designed Greenway Smart Stove, a single burner stove designed as a low cost replacement for traditional mud chulhas, which pose grave health and environmental hazards. Through their company, they are aiming to provide similar such innovative and holistic solutions for rural consumers in India. Juneja and Mathur tell us just why they ditched the idea of thick pay packages to follow their dreams.
Yunus, however, rejected reports that a committee was constituted for the negotiation.
Grameen Bank managing director Muhammad Yunus has asserted that India is well positioned to tap the huge potential for growth of social business within its existing legal and regulatory framework.
Nobel peace laureate Muhammad Yunus today filed an appeal against the Bangladesh High Court verdict upholding his dismissal from the Grameen Bank, in a final bid to retain his position as head of the pioneering micro-finance agency he founded nearly three decades ago.
The study showed that 50 per cent of households have reduced the number of meals ever since the lockdown was imposed
Yunus will teach India Inc why and how social business is not charity but business wherein a surplus is passed on to the target group of beneficiaries in the form of lower prices, better service and greater access
The Plan allocation for the power sector has been doubled from Rs 2,230 crore in 2009-10 to Rs 5,130 crore in 2010-11. The allocation does not include allocations for Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). This was announced by the Finance Minister, Pranab Mukherjee in his Budget speech in Parliament on Friday.
Nobel Laureate Muhammad Yunus, whose experiment of poor men's banking in Bangladesh helped establish micro-credit movement across the developing world, will address the Indian Parliament in December this year.
Designing smart finance products for the underprivileged, could yield rich career dividends
Repromulgation is a perennial malaise; and judges must clarify -- indeed, revisit -- the rules that govern this practice, argues Shubhankar Dam.
Envirofit International, an US-based non-profit organisation, has introduced a range of clean-burning and biomass-based cooking stoves , which are reaching homes in rural Karnataka, Tamil Nadu and Kerala.
Nobel Peace Prize laureate and economist Muhammad Yunus has urged the World Bank to reform its policies, saying the development lender has failed to achieve its main goal of eradicating poverty because of its failure to modernise anti-poverty lending programmes.
'I will be researching the successful business models that have emerged from the rapid industrialisation of India's economy and its effects within Indian society. In addition, I will be examining the entrepreneurship process within India and future opportunities for entrepreneurs in India.'
Asserting that Uttar Pradesh has undergone a complete transformation under his government, chief minister Yogi Adityanath said on Sunday that there have been no riots since 2017, strict action has been taken against the mafia and the state is in the frontline of implementing welfare schemes, ensuring the ease of doing business and fighting the COVID-19 pandemic.
'I hope that by seeing us in such huge numbers the government will get scared and agree to our demands.'
Nobel Laureate Muhammad Yunus asked the Indian industry on Tuesday to get into micro-finance activities and the government to enable a legal framework for promotion of 'social business' in the country.
Most studies suggest that microcredit is beneficial but only to a limited extent and the reality is less attractive than the promise.
Professor Yunus is the first Sakal Person of the Year.
Ogilvy has signed on with the Madhya Pradesh sports department to pump up an awareness drive about the sports centres or the Grameen Yuva Kendras among the villagers. But, for Ogilvy, the drive stretches beyond the villages into the ears of the industry.
Nobel Laureate Muhammad Yunus, founder of the micro-credit pioneer Grameen Bank in Bangladesh, hit out at banks on Friday for not providing loans to the poor and disadvantaged.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances