Posts Tagged ‘Priority Sector Lending’

Microfinance Focus, Sep 8, 2010: A Reserve Bank of India committee in its draft report has recommended that the priority sector status, which is accorded now to banks’ exposure to Non-Banking Finance Companies, or NBFCs, which also include microfinance institutions, should be withdrawn according to a report published in Economic Times. The committee is headed by executive director VK Sharma. To ensure a non-disruptive, and orderly, ... Full story

Microfinance Focus, July, 30, 2010: Matrix Financial Consultants, is a Mumbai based investment banking firm offering debt syndication, equity placement and financial restructuring to an array of clients from industries such as microfinance, power, hotels and pharmaceuticals. It recently raised INR 10 crore of long term debt for Future Financial Services Ltd (FFSL) from a leading ... Full story

By Dr.  Satchidananda S. Sogala , Founder & CEO, GLOBAL RISK HUB.COM Microfinance Focus, Dec. 13, 2009 : Financial Inclusion is in fashion today! Sometimes, this buzz seems to be going the way of the RBI -mandated “no- frills account” or the good old Priority Sector Lending (PSLP) Prescription.    Some banks claimed that they have achieved financial inclusion by opening “No-frills Accounts” on a large scale ... Full story