Search For "mfi"
Indian Micro Finance sector grows by over 2,100% in 12 yrs
Updated : 1 year, 4 months ago IST
As per the MFI stateholders, the industry has grown more than 2176 per cent over 12 years.
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Annapurna Finance Recognized for Leadership in Client Protection and Finan
Updated : 1 year, 6 months ago IST
Bhubaneswar (Odisha) [India], November 12: Annapurna Finance Pvt. Ltd. (AFPL), a leading NBFC-MFI in India, has been highlighted in 60 Decibels' 2024 Microfinance Index for its transformative role in enhancing the financial resilience of underserved communities. With a significant focus on w
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Bihar, UP, Karnataka leading growth of microfinance industry: Report
Updated : 1 year, 6 months ago IST
States like Bihar, Uttar Pradesh and Karnataka are emerging as leaders of growth in the microfinance industry.
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Microfinance Loans at Rs 4.42 Lakh Crore Need Sustainable Financing to Boo
Updated : 1 year, 6 months ago IST
New Delhi [India], October 28: The 'Bharat Microfinance Report' released by Sa-dhan, India's largest self - regulatory organisation of Impact Finance Institutions, has observed that the micro-finance institutions, particularly the 'For - Profit' organisations like NBFC-MFIs, NBFCs and SFBs s
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Microfinance sector to remain in distress in FY 25 - Motilal Oswal
Updated : 1 year, 7 months ago IST
The microfinance sector (MFI) is expected to remain under distress for the entire current financial year, according to a recent report by Motilal Oswal.
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RBI takes action against 4 NBFCs over excessive interest rates, non-compli
Updated : 1 year, 7 months ago IST
According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited (Kolkata), DMI Finance Private Limited (New Delhi), and Navi Finserv Limited (Bengaluru) were directed to cease and desist from sanction and disbursal of loans, effective from close of business of Oc
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SATYA MicroCapital Limited Secures Rs 1000 Mn Debt Funding from Japan Base
Updated : 1 year, 7 months ago IST
New Delhi [India], September 27: RBI registered NBFC-MFI, SATYA Micro Capital Limited has successfully raised Rs 1000 Mn from Mizuho Bank Ltd. which is a subsidiary of Mizuho Financial Group, Inc. Expanding its lender base, it is for the very first time that SATYA has been backed by Mizuho B
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Annapurna Finance, British International Investment, and FinReach Solution
Updated : 1 year, 8 months ago IST
New Delhi [India], September 13: Annapurna Finance Pvt. Ltd., one of India's leading Non-Banking Financial Companies and Microfinance Institutions (NBFC-MFI), has entered into a landmark partnership with British International Investment (BII), the UK's development finance institution and imp
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SATYA MicroCapital Limited Secures Rs 500 Cr (USD 60Mn) Debt Funding from
Updated : 1 year, 8 months ago IST
New Delhi [India], September 7: RBI-registered NBFC-MFI SATYA MicroCapital Limited has once again secured Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation (referred as SMBC hereafter), a renowned Japanese multinational financial services institution under Sumitomo Mitsui Financi
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Jana Small Finance Bank Sweeps 4 Awards at ICC Emerging Asia Banking Concl
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], August 26: Jana Small Finance Bank has once again cemented its status as a frontrunner in the Indian banking industry. The bank's commitment to excellence and innovation was recognized at the prestigious 2nd ICC Emerging Asia Banking Conclave & Awards, where
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Asirvad MFI appoints Satish Nair as President and CEO
Updated : 1 year, 11 months ago IST
Kochi (Kerala) [India], June 7: Asirvad Micro Finance Limited ('Asirvad'), a subsidiary of Manappuram Finance Limited (MAFIL) (BSE: 531213) (NSE: MANAPPURAM), has appointed Satish Nair as President and Chief Executive Officer (CEO).
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Siguler Guff Builds 240 Crore Stake in Spandana Sphoorty, a Leading Microf
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], May 6: Siguler Guff & Company, LP ("Siguler Guff" or the "Firm), a global multi-strategy private markets investment firm with over USD 16 billion in assets under management, announced today that it has invested Rs 240 crores, for an approximate 3.5 per cent
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