Microfinance
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Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for micro finance institutions
Business | Sep 29, 2021, 07:50 PM ISTThe scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.
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How this microfinance firm is empowering women entrepreneurs in rural India with an app
Business | Aug 25, 2021, 06:24 PM ISTWith nearly 70% population living in rural parts of the country and many who migrated to urban centres too facing huge pay disparity, there is little empowerment of those hailing from the interiors of the country.
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Two microfinance firms raised Rs 170 crore during lockdown: MFIN
Business | Jun 01, 2020, 09:18 PM ISTMicrofinance Institution Network (MFIN) on Monday said two companies have raised a total of Rs 170 crore during the COVID-19 pandemic, reflecting confidence in the sector
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Arohan Financial shelves IPO plan for fresh funding of Rs 1800-cr
Business | Nov 17, 2019, 03:56 PM ISTThe Kolkata-based company, which operates in 11 "low- income" states in east, northeast and central India, will, instead, focus on raising around Rs 1,800 crore in an external round of borrowing, he said
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Microfinance industry clocks over 50% growth in Q2 with GLP standing at Rs 1,46,741 crore
Business | Dec 03, 2018, 06:14 PM ISTOf the total, Non-Banking Finance Company-Microfinance Institutions (NBFC-MFIs) accounted for significant chunk.
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IDFC Bank buys microfinance firm Grama Vidiyal, shares jump over 8 pc
Jul 12, 2016, 06:40 PM ISTPrivate sector lender IDFC Bank on Tuesday announced that it will acquire Tamil Nadu-based microfinance institution (MFI) Grama Vidiyal for an undisclosed amount in a move aimed at helping it widen its reach.
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CBI raid across 14 locations of a chit fund company in Odisha
India | Jan 31, 2015, 07:00 PM ISTBhubaneswar: CBI sleuths today conducted raids across 14 locations against Micro Finance Limited, one of the 44 chit fund companies under the scanner of the central investigating agency.A senior CBI official said raids were conducted
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RBI issues final norms for payment and small finance banks
Nov 28, 2014, 08:00 AM ISTMumbai: Introducing a new concept of niche banking in India, the Reserve Bank of India (RBI) has issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains,
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Vikram Akula Quits SKS Microfinance
Nov 23, 2011, 08:32 PM ISTMumbai, Nov 23: Founder and chairman of the only listed microfinance institution SKS Microfinance Vikram Akula today resigned from the board with immediate effect in the wake of huge losses suffered by the Hyderabad-based firm.The