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    Home»MICROFINANCE NEWS DIGEST

    IDBI Bank to lend Rs 700 crore to Indian MFI’s – News Digest

    By ADITYAUpdated:August 8, 2020
    IDBI_Bank
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    IDBI Bank to lend Rs 700 cr more to microfinance firms

    “We have exposure of about 800 crores, and we can take it to about 1,500 crores by the end of the fiscal,” Executive Director RK Bansal said. BS

    IDBI Bank to lend Rs 700 crore to Indian MFI’s – News Digest

    SIDBI to disburse Rs 1,000 cr to MFIs

    Small Industries Development Bank of India (SIDBI) plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during FY12, which is 19% more than the loaned amount last fiscal. BS

    INDIA’S MICROFINANCE BILL OFFERS A MIXED BAG TO INVESTORS

    By Vineet Rai

    Vineet Rai is the founder and the CEO of Aavishkaar Venture Management Service which is India’s first Social Venture Capital Firm.

    It is the best time for start-ups to raise money in India

    Mr. Anupam Mittal, founder-chief executive of Shaadi.com — a pioneer of matrimonial services in the country and recognized as the ‘most innovative company in India’ in 2011 by Fast Company, a US business publication — spoke to Business Line about his 14-year journey as an entrepreneur. BS

    IFC to invest $1 bn in India

    During the financial year ended June, it committed to 28 new investments worth about $800 million. It also approved 18 new advisory projects worth $9.5 million. The value of its portfolio in India stood at $3.7 billion as of June 30. BS

    Muthoot expects up to 60% growth in AUM

    Gold finance firm Muthoot Finance Ltd (MFL) is expecting to grow 50 to 60 percent in assets under management (AUM) from last year’s Rs 15,868 crore. The company is launching around 650 branches throughout the country with an investment of around Rs 10 lakh per branch in the fiscal. BS

    Mbanking can replace cards to an extent: RBI deputy governor

    Reserve Bank of India deputy governor Anand Sinha has said that mobile banking technology is the hottest area of development at the moment and is expected to complement and to an extent replace the credit/debit card system in the future. BS

    News Roundup: Mohandas Pai To Launch $100M, PE Fund

    Pai, a former board member at Infosys who quit in June this year, is starting the fund with Manipal Group’s Ranjan Pai. DNA

    TN govt to create venture fund for entrepreneurs

    The govt has set aside Rs 100 cr for MSMEs in the jute industry. The number of such units in Tamil Nadu is the largest among all states in the country, accounting for 15.07 percent of the national total. BS

    assets under management idbi bank microfinance ifc india mfi's in india microfinance india muthoot finance ranjan pai shaadi.com social venture capital firm
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    ADITYA

    Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

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