Microlending and the Profit Motive – Debate between Vikram Akula and Alex Counts

In the below video Alex Counts, Grameen Foundation CEO, and founder debates with Vikram Akula, founder of SKS Microfinance on the 25th October, at the Asia Society. Debate on Microfinance Profits – Vikram Akula and Alex Counts The audio quality is low and if you are unable to decipher what the participants are saying you … Continue reading “Microlending and the Profit Motive – Debate between Vikram Akula and Alex Counts”

Barriers in delivering finance in India

By Puneet Gupta & Jayshree Venkatesan Though India has deep financial infrastructure comprising a large number of bank and post-office branches; agricultural cooperative societies; and, now, micro finance institutions; there still remain gaps that have prevented us from leveraging the full potential of this financial infrastructure. Delivering financial services Financial service delivery requires channels to … Continue reading “Barriers in delivering finance in India”

Reserve Bank of India Launches Business Outlook Survey

The Reserve Bank of India had set up a Working Group on Surveys (Chairman: Shri Deepak Mohanty, Executive Director) that recommended the introduction of a series of surveys to provide quick and forward looking inputs for monetary policy. The Business Outlook Survey for Trading Sector is one such survey that is expected to asses the … Continue reading “Reserve Bank of India Launches Business Outlook Survey”

MIX Market explores the reasons behind the Microfinance Crisis in Andhra Pradesh, India

With the microfinance industry in crisis in Andhra Pradesh, MIX looks to explain the potential impacts of capping profits and interest rates for MFIs in India. To do this, MIX examined MIX Market historical data in order to simulate where the industry would be if the caps had been in place. Using data from over … Continue reading “MIX Market explores the reasons behind the Microfinance Crisis in Andhra Pradesh, India”

IFMR Mezzanine Finance Private Ltd launches Operations

A new partner for Indian MFIs arrives By IFMR Blog Team Puneet Gupta is restless and visibly excited. The last ten days have been the culmination of many days’ efforts in creating access to finance to deserving high quality Microfinance Institutions (MFIs). IFMR Mezzanine Finance Private Limited (IFMR Mezz), a part of the IFMR Trust eco-system, … Continue reading “IFMR Mezzanine Finance Private Ltd launches Operations”

Grameen Foundation CEO Alex Counts comment on Andhra Pradesh Microfinance Crisis

Grameen Foundation whose founder Mohammed Yunus has been one of the most vocal critics of SKS Microfinance has issued a press release with comments from it’s CEO Alex Counts which highlights their concerns about the microfinance crisis in AP. The press release follows below. Recent reporting about the activities of for-profit microfinance institutions (MFIs) in … Continue reading “Grameen Foundation CEO Alex Counts comment on Andhra Pradesh Microfinance Crisis”

Times of Money and Federal Bank start Global Remittance Services for Indians

TimesofMoney, India’s leading digital payment service provider, has signed a service agreement with Federal Bank to offer remittance solutions to all Federal Bank customers worldwide. This tie up would enable all customers of Federal Bank – residing anywhere in the world – to remit funds online to any bank in the NEFT/RTGS network. This latest … Continue reading “Times of Money and Federal Bank start Global Remittance Services for Indians”