Following a spate of suicides by poor and rural people in Andhra Pradesh allegedly due to pressure from MFIs, SKS Microfinance on Friday said that as many as 17 borrowers from their firm figured in the list, but none of them were loan defaulters.
In its first ever list of World's Top 50 Microfinance Institutions, the US business magazine has named Bangalore-based Bandhan at the second position.
A liquidity crunch has hit several microfinance institutions with the flow of funds 'temporarily' drying up after the largest MFI lender, ICICI Bank, halted payments in early January.
The awarding of in-principle licences for 10 small finance banks is likely to be a game changer in a way which may not be adequately realised right now.
The approval for provisioning of Rs 20,000 crore as subordinate debt to provide equity support will benefit 2 lakh stressed MSMEs.
Mudra Bank being launched on April 8.
'We don't expect any immediate impact on salaried jobs.'
Rural populations will get will get employment in the industrial corridors following amendments to the land acquisition bill.
MUDRA Bank will have a corpus of Rs 20,000 crore.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
'An entrepreneur should always remain under pressure or he will die,' Vineet Rai tells Anjuli Bhargava.
There are perks for banking with the newest bank in India.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The poor and unbanked can take their rightful place as consumers of financial services only if the Modi government encourages different entities to advance the financial inclusion agenda, say Vikram Gandhi & Chandni Ohri.
The Union Budget 2016-17 has cheered the NBFC sector
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
Farmers have suffered a lot on account of natural calamities.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Upcoming payment banks will lift lower income groups in distant villages.
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