The Reserve Bank of India (Department of Statistics and Information Management) today published its “Branch Banking Statistics-Volume 4: March 2009″. The publication is based on the latest available information on bank branches. The volume contains 25 tables providing the number of branches/offices of all commercial banks in India, at different levels of aggregation, namely, region, [...]
NASSCOM Foundation, the leading Indian development organization that works towards galvanizing the corporate social responsibility (CSR) space in the IT industry in India; and the social development arm of NASSCOM, announces Genpact NASSCOM Social Innovation Honours - 2011 (GNSIH 2011), its annual Honours with Genpact as its Title Sponsor. Now in its 3rd edition, NASSCOM Foundation (NF) [...]
Intellecap, a social investment banking and advisory firm, announced this week the appointment of Mr. Krishan Sree Kumar to the post of CEO. Krishan Sree Kumar, an alumnus of the Indian Institute of Technology Delhi and the Indian Institute of Management Bangalore, has over 25 years of experience in management, strategy, consulting, offshore services, IT [...]
The Economic Times is organising the fourth edition of ‘The Economic Times Banking Technology Conclave 2010′ scheduled in Mumbai on September 3rd, 2010. The event is taking place at The Trident, Bandra Kurla Complex,Mumbai from 0900 hrs to 1730 hrs. The welcome address would be delivered by an eminent person for The Economic Times and [...]
Good Capital LLC (www.goodcap.net), the San Francisco-based manager of the Social Enterprise Expansion Fund, announced today a $200,000 subordinated loan to Root Capital (www.rootcapital.org), a nonprofit social enterprise that is pioneering finance for rural communities in developing countries. As a part of this groundbreaking impact investment, Good Capital and Root Capital have developed a multi-year, [...]
Vikram Pandit, Chief Executive Officer of Citigroup, was named Global Business Leader of the Year by leading news organization NDTV Profit. The award, part of NDTV Profit’s annual Business Leadership Awards, was announced at a ceremony presided over by Honourable Finance Minister Mr. Pranab Mukherjee in Mumbai. Pramit Jhaveri, CEO, Citi India, accepted the Award [...]
SKS Microfinance has risen by more than 30% on it’s issue price of Rs 985 . The market capitalization of SKS Microfinance, India’s largest micro finance company which listed on the stock markets on the 16th August 2010 has crossed US$ 2 Billion in a short span of two week. The stock also made a new 52 [...]
Book review: Milford Bateman, 2010: Why Doesn’t Microfinance Work ? The destructive rise of local neoliberalism. London: Zed Books. Since the inception of this blog, one issue which has been critically explored again and again is the dominant position of microfinance in the field of international development. More recently, we followed how, in the wake of [...]
By Tensing Rodrigues , IMBN Whatever the reservations against it or whatever the constraints, financial inclusion is about size and reach. Size refers to the minimum amount that an individual can invest or pay as a premium for an insurance cover. Presently one can open a without cheque book savings bank account with as little [...]
Given below is the M-CRIL Microfinance Review 2009 report released in late 2009. Micro-Credit Ratings International Limited is one of the pioneers of financial performance ratings and the worldwide pioneer of social rating for MFIs. This paper presents the summary version of the M-CRIL Microfinance Review 2009 that analyzes the performance of Indian microfinance from [...]
Rangde.org a startup peer to peer lending microfinance company has been featured in the Independence Day special issue of Outlook Magazine. The article on Rang De follows below. Capital With A Conscience Rang De helps the haves lend money to the most desperate among the have-nots. Chennai-based book publisher Badri Seshadri is an unlikely lender. [...]
Suryoday Microfinance Pvt Ltd (Suryoday), a microfinance institution based in pune has announced the successful closure of its Series B equity financing for a primary infusion of INR 175 million led by Lok Capital and Aavishkaar Goodwell, two leading equity funds operating in India, that invest in social businesses. As part of the current transaction, [...]
Kolkotta based Bandhan Microfinance is said to be looking for a private equity investor who can infuse upto Rs.100 crore into the company, a top company official said to media last week. Bandhan Microfinance is said to be in talks with atleast three foreign institutions for the investment. Speaking to the media – Mr Chandra [...]
Should we keep on calling insurance for the bottom of the pyramide “micronsurance”? That’s the question Peter Wrede from AKAM proposes to discuss in the editorial. The Newsletter highlights the Facility’s new grantees, presents lessons concerning the distribution channels and shares publications and opportunities for the sector. Download ILO’s Microinsurance Newsletter at the link below [...]
By Peter Wrede “Insurance the poor can afford,” was a slogan we used in the early days of our microinsurance expansion to promote our services. Until one day a lady in rural Pakistan said, “that is not for me—I’m a teacher, I’m not poor.” That day we learned to be careful with the word “poor.” [...]
By Tensing Rodrigues , IMBN When I began selling insurance back in mid-nineties, the scene was far different from what it is today. At the pre-license training we were told that insurance selling has to be necessarily need based. I know that statement does not mean much; even today insurance industry swears by need based [...]
