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India

MFTransparency launches Transparent Pricing Intiative for Microfinance in India

Microfinance Focus, April 12, 2010: Identifying Transparent Pricing as the emerging challenge for the microfinance industry world over, MFTransparency.org, a US based non-profit has launched its Transparent Pricing Initiative in India with 5 seminars across the country, in...

Will mobile banking match mobile reach in India for Year 2010?

Microfinance Focus, Jan 4, 2010: India’s mobile phones will reach more than the targeted half billion people by the end of 2010 or 60 per cent of the tele-density, going by the country’s telecom ministry estimates. On the contrary, despite six decades of banking...

264 Indian Microfinance institutions reaching out to 26.7mn clients: Report

Microfinance Focus, September 30, 2010: “Financial Performance of Indian MFIs-Quick Review 2010″ a report prepared by Sa-Dhan, a network body of Indian MFIs says that that the total loan outstanding for all 264 MFIs that reported to Sa-Dhan for the report is Rs.18, 343.9...

RBI permits for-profit companies to become Business Correspondents

Microfinance Focus, September 30, 2010: For extending banking services to the underserved, the Reserve Bank of India (RBI) has decided to permit banks to engage for-profit companies registered under the Indian Companies Act, 1956, excluding Non Banking Financial Companies (NBFCs...

SKS Microfinance profits up 265%, at INR 67 crores for Q1

Microfinance Focus, September 28, 2010: India’s largest microfinance institution, SKS Microfinance has announced a 265% increase in its Profits After Tax (PAT) at INR 67 crores for the first quarter ended June 30, 2010, over the corresponding period a year ago.

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Microfinance: Choose schematic regulation now, or face sporadic regulation

Microfinance Focus , October 23, 2010 (By Vinod Kothari) : The Andhra Pradesh regulatory Ordinance, and consequent aftereffects news that microfinance institutions have stopped lending, leaving hundreds of thousands of borrowers stranded – would soon leave microfinance institutions in India pondering over a huge question – schematic regulation...