The Reserve Bank has deferred the deadline on implementation of asset classification and provisioning norms for non-banking financial company-micro finance institutions (NBFC-MFIs) to April 1, 2013 from April this year.
The Reserve Bank today said it will soon allow microfinance institutions to raise funds up to $ 10 million through external commercial borrowings (ECB). "All MFIs of all hues will
The Reserve Bank's recent guidelines on the MFI sector will prove to be a positive and structurally strengthen it over the long run, ratings agency Crisil today said. "RBI's revision
The cash-starved microfinance sector will be severely hit by if the new draft guidelines issued by the Reserve Bank of India on securitisation of loan portfolios are implemented, according to
Industry chamber Assocham today suggested that the minimum capital requirement for setting up of micro-finance institutions (MFIs) should be raised to Rs 25 lakh from Rs 5 lakh to encourage
The senior-most deputy governor of the Reserve Bank, K C Chakrabarty, has called for central legislation to regulate the troubled microfinance sector as in its absence, states will be free
Andhra Pradesh, which brought an Act last year to regulate the MFIs, has sought the approval of the union government to float a non-banking financial institution dedicated to meet the
Large microfinance players see that Reserve Bank of India going along with the Malegam committee recommendations would augur well for the industry. The development signifies a major step towards
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