Spandana Microfinance

MFI’s in India seek Rs 800 – 1,000 Crore Loans – News Digest

Posted on May 12th, 2011 in Business Correspondent Model, cholamandalam gold loans, corporation bank, Housing loans, India Shares, MFI in India, microfinance branches India, Microfinance India, Microfinance News Digest, NBFC Licences, Priority Sector Lending, Spandana Microfinance

India Rupee FlagThe 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. MFIs seek Rs 800-1,000 cr loans Cash-strapped microfinance companies that plan to restructure their debts have requested banks for [...]
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  1. Equitas Microfinance to reduce loan portfolio by more than Rs 100 Crore – News Digest 2
  2. Manappuram Gold loans to raise Rs 1,500 crore
  3. Priority sector lending status withdrawn for Gold Loan NBFC’s – News Digest 1

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Spandana Microfinance welcomes Malegam Committee Report on MFI’s

Posted on January 21st, 2011 in andhra microfinance ordinance, expectations, Financial Inclusion, impact of malegam committee report, India Shares, interest rate cap, loan size, Malegam Committee Report, mfi competition, MFI's in India, Microfinance, microfinance 2011, new category of NBFC, provision of credit, Social Investors, Spandana Microfinance

spandana malegam reportA spokesperson for Spandana Microfinance has welcomed the Malegam Committee report stating that the report recognizes the role played by MFI’s in financial inclusion and provision of credit. The spokesperson further added that the report clears ambiguities around microfinance regulation and clears the way for greater oversight by RBI. The report also acknowledges and addresses [...]
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  1. Malegam Committee to cap Interest Rates – Spandana Microfinance facing Bankruptcy ?
  2. Malegam Committee Report on issues facing the Microfinance Sector released by RBI
  3. Malegam Committee Microfinance Report – Summary of Reactions from MFI Sector

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Malegam Committee to cap Interest Rates – Spandana Microfinance facing Bankruptcy ?

Posted on January 13th, 2011 in bangladesh government, Chief Financial Officer, government meddling microfinance, Grameen Bank, india microfinance news, India Shares, Malegam Committee, MFI's in India, microfinance aid, microfinance bankruptcy, Microfinance News Digest, Padmaja Reddy, pandana Sphoorty Financial, RBI, shiv narain, Spandana Financial Services, Spandana Microfinance, Trident Microfin

Spandana_43The Malegam committee, set up by the Reserve Bank of India (RBI) to chalk out a framework within which microfinance institutions (MFIs) in India should operate, is set to recommend an upper ceiling for interest rates chargeable to poor borrowers, two persons familiar with the development said. Read more on Mint Microfinance Crisis: MFIs with [...]
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  1. Spandana Microfinance reduces interest on agri-family loans by 3%
  2. M-CRIL’s submission to the Malegam Committee on State of Microfinance in India
  3. MFIs in India agree to reduce interest rates to 24 percent

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L&T Microfinance charging 60% Interest on Loans – AP Government

Posted on November 12th, 2010 in Fullerton Microfinance, GP Mass Finance Ltd., India Shares, L&T Microfinance, Mahila Adarsh Seva Society, MFI's in India, Microfinance Ordinance 2010, Microfinance Ordinance Bill, Microfinance Society, PNB, SEED, Society for Educational Welfare and Economic Development, Spandana Microfinance, Trident Microfin

L T MicrofinanceState review exposes MFIs in Andhra Pradesh The State government’s decision to review the operations of micro finance institutions has opened quite a can of worms. Contrary to what MFIs say, they are in fact charging very high interest. Most companies impose an interest rate of 30 per cent on a population that is largely poor. [...]

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  1. AP government accuses BASIX of charging 60% interest on micro loans.
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  3. Spandana Microfinance reduces interest on agri-family loans by 3%

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