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  Demonetisation: MFIs could witness up to Rs 1,700 cr in losses following the move, says Bandhan Bank CEO

  November 18, 2016 13:39 IST

  The government’s decision to demonetise high-value currency notes will take its toll on the microfinance industry and could lead to losses in the range of Rs 1,500 crore to Rs 1,700 crore, Chandrashekhar Ghosh, CEO of Bandhan Bank, has said

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  IDFC Bank buys microfinance firm Grama Vidiyal, shares jump over 8 pc

  July 12, 2016 18:40 IST

  Private 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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  MFIs to grow 30-35% for 3-years: ICRA

  October 22, 2013 21:52 IST

  Mumbai: Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 per cent over the next three years, a study said.

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  MFI Ujjivan To Raise Rs 100-Cr Via Pvt Placement

  September 19, 2011 11:05 IST

  Mumbai Sep 19: The Bangalore-based urban markets focused microfinance firm Ujjivan Financial Services today said it is planning to raise Rs 100 crore through a private placement by November.“We are looking at raising fresh equity