Microfinance News Digest

Bandhan Financial Services IPO within 1000 days : News Digest

Bandhan Financial Services plans IPO in next three years
Bandhan Financial Services, the micro-finance outfit which has been granted provisional bank licence by the Reserve Bank of India, plans to tap the capital market for its banking entity by launching its Initial Public Offering (IPO) within three years of starting operations. Read more on DNA

Bandhan ipo

Significant Need Of Investment In Micro Finance Sector
Need to build on its strengths and extend it to vast areas, which are inadequately covered by both banking and micro-credit entities, says Suresh K. Krishna, Grameen Financial Services.Read more on BT

Two MFIs to get debt fund of Rs 630 cr by Sept 2014
Share will get a funding of nearly Rs 112 cr, while Asmita will get Rs 140 cr by end of this month.Read more on BS

Base rate for microfinance companies unchanged
Microfinance companies can charge 10.09% for July-September quarter. Read more on Livemint

Rule shift sought as microfinance institutions told to eye housing, education loans
Rising aspirations of low-income borrowers are prompting MFIs to seek a relaxation in outdated lending rules to stay competitive.Read more at Livemint

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