MFIs

MFIs seek lifting of cap on interest rates

The crisis-ridden microfinance sector has welcomed the budgetary proposal to table the new MFI Bill, saying the regulatory clarity will help in the resumption of bank funding.

"Banks had virtually

Leading ratings agency Crisil today said it has upgraded the ratings of micro-finance companies Equitas and Ujjivan following positive developments in the crisishit sector.
It also revised its outlook on

The Reserve Bank today allowed micro finance institutions (MFIs) to raise up to USD 10 million through external commercial borrowings (ECBs), as against the earlier limit of USD 5 million,

The Reserve Bank today expressed confidence that banks would start providing funds to MFIs Once guidelines for regulating the sector are put in place.
Regretting that banks have not yet

Finance Minister Pranab Mukherjee today announced creation of an equity fund of Rs 100 crore for micro finance institutions (MFIs), which will help the cash-strapped sector to continue lending to