The Reserve Bank of India announced today that it has granted provisional “in principle licenses” to ten different financial entities to launch payment banks in India called Small Finance Banks. Out of the ten companies granted small finance bank licenses, 8 operate in the microfinance sector.
The Reserve Bank of India announced today that it has granted provisional “in principle licenses” to ten different financial entities to launch payment banks
April 9, 2010 Legislation Affecting Institutions Engaged in Micro-Finance (Directly or indirectly) The Legal formats of MFIs that are provided by Indian
ESAF Microfinance has initiated and organized the second meeting of MFI’s in Kerala to discuss the formulation of KAMFI – Kerala Association
Indepay Networks last week introduced its Prepaid Debit Cards for the underbanked and unbanked urban dweller in India. These prepaid debit cards will
India’s state-owned Industrial Development Bank of India Limited (IDBI) has announced measures to increase the amount of credit to the microfinance industry.