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Microfinance Companies face staff exodus – News Digest

Posted on May 17th, 2011 in foreign financial services, India Shares, Microfinance News Digest, Microhousing India, sebi microfinance, Share Microfin, Spandana, uidai microfinance, Unique Identification Authority of India

microfinance company jobThe News Digest(ND) comprises of news summaries, press releases and important statements related to microfinance, banking, financial services and financial inclusion in India published by various media outlets during the week. Read previously published News Digests. Microfinance staff seek greener pastures SKS Microfinance Ltd, India’s largest and only listed microfinance institution (MFI), has seen an exodus [...]
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  2. Equitas Microfinance to reduce loan portfolio by more than Rs 100 Crore – News Digest 2
  3. Agriculture and Food Industry To Grow To $280B In The Next 10 Years – News Digest

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CARE Ratings views on Microfinance Policy of RBI

Posted on May 15th, 2011 in care ratings, India Shares, jlg model microfinance, malegam committee analysis, mfi act, Microfinance India, Share Microfin

care ratings malegamRBI, in its monetary policy statement for 2011-12, has accepted the broad framework of regulations for the microfinance sector recommended by the Malegam Committee with some specific changes incorporated after taking the views of various stakeholders. The guidelines are expected to reduce the regulatory uncertainty prevailing in the sector to a large extent. While the [...]
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  1. M-Cril’s views on the Microfinance Policy of RBI
  2. Growth and profitability of Microfinance Institutions to moderate: CRISIL
  3. Subdued growth may trigger consolidation for MFIs : CRISIL

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Banks restructure loans for MFI’s, reduce interest rate to 12% – ND4

Posted on March 10th, 2011 in Asmita, bank collateral assest, bank mfi loan, BASIX Microfinance, bihar microfinance bill, India Shares, MFI's in India, microfinance companies of India, Microfinance News Digest, National Bank for Agriculture, online credit, paypal india, peer to peer loan, restructuring of loans, rural development, Share Microfin, SKS Microfinance, spandana spoorthy, two factor authentication

bank loan mfiBanks ready with MFI loan rejig plan Banks have prepared a blueprint for restructuring loans to microfinance institutions (MFIs). According to the proposal, institutions like SKS Microfinance, Spandana Spoorthy, Asmita, Basixs and Share Micro Finance would be given a maximum of 10 years to repay the loans at an interest rate of 12%. TOI Bihar [...]
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  1. MFIs in India agree to reduce interest rates to 24 percent
  2. RBI asks banks to reconsider subsidized loans to For Profit MFI's
  3. L&T Microfinance charging 60% Interest on Loans – AP Government

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Vikram Akula and Economic Times Lock Horns

Posted on February 07th, 2011 in economic times article, India Shares, MFI's in India, mfin india, microfinance et report, microfinance investigation, Share Microfin, SKS Microfinance, Udai Kumar, Vikram Akula

sks vikram akulaLast week, the Economic Times published a report titled How top 3 Microfinance companies raised funds in the name of poor? The report highlighted facts about three of India’s largest micro finance companies that is known to most micro finance professionals in India. Vikram Akula Vs Economic Times The report was initially titled Uplifting promoters in [...]
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  1. Vikram Akula, Padmaja Reddy and Udaia Kumar snub Ela Bhatt
  2. SKS Microfinance founder Vikram Akula locked in bitter custody battle with former wife.
  3. Malini Byanna Interview on Vikram Akula and SKS Microfinance

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