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
Reserve Bank today relaxed the debt restructuring norms for the microfinance sector to enable banks to provide liquidity support to the crisis-ridden Micro Finance Institutions (MFIs). Attributing the current problems
2010 saw the fortunes of the Rs 25,000 crore microfinance industry oscillate between capital market glory and regulatory gloom and the sunrise sector is now looking forward to a New
THE finance ministry has batted for micro-financial institutions that have come under severe reprimand by Andhra Pradesh government recently for coercive tactics in dealing with recoveries.
In its mid-term review,
Finance minister Pranab Mukherjee has asked micro-finance institutions (MFIs) to evolve a code for self-regulation, instead of setting up a regulator and have urged them to have softer interest rates.
Andhra Pradesh Chief Minister K Rosaiah today directed District collectors in the state v to act tough against microfinance institutions (MFIs) that fleece poor borrowers, particularly in rural areas. Addressing
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