Microfinance News Digest

What Narendra Modi can do for the Microfinance Sector ?

5 issues in microfinance sector that need Narendra Modi’s attention
Vijay Mahajan, social entrepreneur, Founder and Chairman of BASIX Group lists five issues for new Narendra Modi government. Read more on Business Today

Micro finance industry’s gross loan portfolio up 35% in FY14
NBFC-MFI’s, other than those under corporate debt restructuring witnessed a growth of 51% in their gross loan portfolio. Read more on Business Standard.

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Nabard microfin arm in expansion mode nationally
Harsh Bhanwala, chairman, Nabard, said, “Nabfins would become an all-India organisation. It has identified areas in Odisha, Jharkhand, Rajasthan and Madhya Pradesh for starting operations”. Read the rest on ET

Vistaar Finance raises Rs 160 crore in fresh funding
WestBridge Capital, which typically invests in listed companies, is leading a Rs 160-crore investment in Bangalore-based non-banking finance company (NBFC) Vistaar Finance.Read the rest on ET

SKS Microfinance gains after QIP oversubscribed
Shares of SKS Microfinance were up over 4% at RS 283 after its Rs 400 crore qualified institutional placement (QIP) evoked a strong response and was oversubscribed several times.Read more on BS

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