Last Updated: Friday, April 10, 2015, 12:34
To deepen the securitisation market, Sebi has made it easier for banks and public financial institutions to act as trustees, while a new code of conduct has been put in place to safeguard investors' interest.
Last Updated: Thursday, April 9, 2015, 17:21
Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.
Last Updated: Wednesday, April 8, 2015, 16:09
The Micro Units Development and Refinance Agency Ltd (MUDRA) will focus on the 5.75 crore self-employed who use funds of Rs 11 lakh crore and provide jobs to 12 crore people, he said.
Last Updated: Wednesday, April 8, 2015, 15:31
The MUDRA Bill will seek to create a financial institution for providing funding to 5.77 crore micro and small business entities engaged in manufacturing, trading and services.
Last Updated: Wednesday, April 8, 2015, 09:46
Prime Minister Narendra Modi on Wednesday launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).
Last Updated: Tuesday, April 7, 2015, 22:07
Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.
Last Updated: Tuesday, April 7, 2015, 21:26
The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.
Last Updated: Sunday, March 22, 2015, 21:13
The World Bank today welcomed the setting up of the Asian Infrastructure Investment Bank and promised full cooperation, dismissing worries that the China-sponsored bank will compete against it or existing regional financial institutions.
Last Updated: Sunday, March 22, 2015, 13:23
Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.
Last Updated: Thursday, March 5, 2015, 18:16
A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.
Last Updated: Wednesday, March 4, 2015, 16:31
Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the perpetrators and beneficiaries of this crime.
Last Updated: Monday, February 16, 2015, 22:10
The country's microfinance sector witnessed an over 50 per cent jump in the total loan-book at the end of December quarter to Rs 314.5 billion as the non-bank lenders expanded their reach to 28.7 million borrowers, an industry body said today.
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