IFMR Capital : Recent data on microfinance

By Kshama Fernandes, IFMR Capital Over the last few years, microfinance has attracted a large number of equity and debt investors. The Andhra Pradesh ordinance however has resulted in investors suddenly pulling away from this sector, many having taken to adopting a wait and watch approach at a time when their intervention would be most … Continue reading “IFMR Capital : Recent data on microfinance”

Tutorial on using MIX Market tool launched

Understanding the MIX Market database has never been easier with the new online training session: Introducing MIX Market. With this online tutorial, users get an in-depth look at the benefits of using the MIX Market tool. The online tutorial  examines three important questions about the database: 1. What is MIX Market? Examine the different types information provided on … Continue reading “Tutorial on using MIX Market tool launched”

Grameen Bank Secret Documents : Dr Yunus accused of diverting US$ 100 Million aid

New documents made public by investigative journalist and documentary film maker Tom Heinemann in his controversial documentary on microfinance titled Caught in Micro debt accuse Grameen Bank’s founder of diverting developmental aid money from foreign countries meant for Grameen Bank into For-Profit ventures more than 10 years ago. In 1997 the Norwegian authorities discovered that 608 … Continue reading “Grameen Bank Secret Documents : Dr Yunus accused of diverting US$ 100 Million aid”

Outsourcing and use of Agents in Indian Microfinance

Outsourcing and the use of agents in Indian Microfinance and it’s regulatory implications By Ramesh S Arunachalam , Rural Finance Practitioner Outsourcing is defined as a regulated (or semi-regulated) entity’s (in this case MFI’s) use of a third party (either an affiliated entity within the same group of institutions or an entity that is external … Continue reading “Outsourcing and use of Agents in Indian Microfinance”

Sahara Parivar slams SEBI order calls it Irresponsible

Stung by market regulator SEBI’s (Securities and Exchange Board of India) ban on its firms and supremo Subrata Roy from raising money from the public, the Sahara Group today dubbed the order as “irresponsible” and said it will soon challenge the order that reflected “malice and bias” on the part of officials. “SEBI has pushed … Continue reading “Sahara Parivar slams SEBI order calls it Irresponsible”

RBI cautions Public about Unauthorised NBFC’s collecting Deposits

The Reserve Bank of India has yesterday cautioned members of public about unauthorised companies which collect money from public stating that they have been authorised by the Reserve Bank to do so. The Reserve Bank stated that it has published on its website (http://rbi.org.in/scripts/BS_NBFCList.aspx) a list of non-banking finance companies (NBFCs) which are permitted to … Continue reading “RBI cautions Public about Unauthorised NBFC’s collecting Deposits”

How the Andhra Crisis is Going to Affect Investment in Indian Microfinance?

MicroSave Update A Compendium of News Pieces and Analysis “How the Andhra Crisis is Going to Affect Investment in Indian Microfinance” Since our last update on the AP crisis there has been a debate in media over the microfinance bubble in south India and how some pockets even in the underserved areas of the country … Continue reading “How the Andhra Crisis is Going to Affect Investment in Indian Microfinance?”