Karnataka Microfinance Sector – outreach, operations and impact
Microfinance Industry Network (MFIN), a Self-Regulatory Organisation (SRO) recognised by RBI and the Association of Karnataka ...
Karnataka’s microfinance loan volume grew nearly threefold in last four years to ₹42,265 crore: MFIN
The total gross loan portfolio of microfinance institutions in Karnataka has surged from ₹16,946 crore in March 2019 to ₹42,265 crore in the last financial year that ended March 2024, said ...
Microfinance institutions come under govt.’s scanner in Karnataka
Karnataka MFIs face scrutiny after borrower suicides, State government plans Ordinance to regulate activities, amid rising ...
MFIN dismisses reports about alleged harassment by microfinance firms
The Microfinance Industry Network (MFIN) on Thursday dismissed reports about alleged harassment by microfinance companies in the state, claiming that a small section of "ill-informed" individuals with ...
K’Taka Govt To Hold Meeting Tomorrow To Enact Law To Curb Harassment By Microfinance Firms
( MENAFN - IANS) Bengaluru, Jan 24 (IANS) The Karnataka government is set to hold an emergency meeting on Saturday to discuss ...
ASA India surrenders microfinance licence, seeks to continue as business correspondent for banks
ASA International India Microfinance plans to surrender its microfinance licence due to financial troubles and liquidity ...
Ujjivan board okays move to universal banking plan, bank to apply for licence soon
Ujjivan Small Finance Bank plans to apply to the RBI for transitioning to a universal bank, aiming for lower capital adequacy ...
Unregulated lending firms causing problems, says microfinance body
Bengaluru: Following a series of reports on people fleeing villages and a woman dying by suicide due to micro-lenders ...
The Week10h
How microfinance companies are turning into a menace in rural Karnataka, causing suicides, forced migrations
These companies are violating the Reserve Bank of India norms for loan disbursement and recovery and many are illegal as they ...
Why RBI's new rules on bad loans have enthused buyers of stressed asset
The key difference between the old and the revised rules is around the approval processes for the settlement of loans.
money.rediff6d
Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear
Kotak Mahindra Bank reported a 10% rise in Q3 profit, driven by capital markets arms. The bank is making progress on RBI's ...
The Financial Express1d
Budget may announce special fund to support MFIs
According to official sources, ‘small and mid-sized’ microfinance institutions (MFIs) would be the main beneficiaries of the fund, as these are expected to play a big role in extending collateral-free ...