New credit bureaus try to retrieve old data

August 18, 2010
cibil credit loan data

By Khyati Dharamsi, DNA-Daily News & Analysis Firms to reduce number of mandatory fields in forms to be filled by banks to obtain lost information. There is good news for banks as competition grows in the credit information bureau space. New bureaus that have either launched or will be launching operations are trying to better the [...]

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Bartronics focuses on financial inclusion

August 18, 2010
bartronics financial inclusion

By K V Ramana, DNA-Daily News & Analysis Hopes Aap ke Dwar project will drive up revenues in the third quarter Automatic identification and data capture (AIDC) and smart cards major Bartronics hopes to make the most of banks’ financial inclusion drives. Even as it has recorded flattish growth for the quarter ended June 2010 compared [...]

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SE Investments Board approves Stock Split- Stock hits lower circuit

August 18, 2010
S E Investments Stock Split

S.E. Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2010, the board of S.E. Investments has approved to sub-divide one equity share of Rs. 2 each into two equity shares of Re. 1 each. The board has also approved to change the name [...]

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40billion.com provides US$25 million in funding for Entrepreneurs

August 18, 2010
40billion.com

40billion.com, the first social funding network for small business entrepreneurs, recently announced it passed $25 million in funding requests. 40billion.com also announces the appointments of Daniel Pugh as chief operating officer and Brent Wadman as vice president & general counsel. “More entrepreneurs are using our Internet-based microfinance platform to get business loans because their communities [...]

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Pura to cover 2,50,000 panchayats in 5-8 years

August 18, 2010
PURA Panchayats

The project of Providing Urban-amenities in Rural Area (PURA), modeled by the Ministry of Rural Development, has potential to scale up rural infrastructure in India in a big way. Accounting for about Rs 20,000 per capita, the PURA project is expected to cover 2,50,000 panchayats in the next 5 to 8 years and provide superior [...]

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SKS Microfinance closes at Rs 1088 – 10% gains on first day of trading

August 17, 2010
sks microfinance closing price

Shares of SKS Microfinance closed up by more than 10 per cent at Rs 1,084 over its issue price of Rs 985 on its listing day on Monday on the NSE.A poll conducted on India Microfinance Business News had predicted that SKS Microfinance would close at around Rs 1100 on it’s first day of Trading. A total [...]

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Don't like SKS Microfinance's valuation ? Compete, don't complain

August 17, 2010
sks microfinance valuation

The below article is reproduced with permission from Ajay Shah’s Blog Don’t like SKS Microfinance’s valuation ? Compete, don’t complain By Bindu Ananth and Nachiket Mor. Much has been said about the astronomical SKS valuations and the personal fortunes of the original investors. Speaking for ourselves personally, we are not at all disturbed by how [...]

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Faultlines – By Raghuram Rajan : Book Review

August 17, 2010
faultlines book review

by Viral Acharya. Raghuram Rajan’s book Fault Lines (Princeton University Press for the international edition, and Harper Collins for an Indian edition with a special chapter on India) is possibly the most thought-provoking contribution in the aftermath of the economic and financial crisis that has engulfed the West after 2007 with significant global repercussions. The epilogue [...]

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Impact Study of microfinance on a visually impaired customer & her blind husband

August 17, 2010
visually impaired microfinance

By Rohit Upendra Arya, Ujjivan Financial Services Few years ago, Devi Sharan, a resident of Chandpur- Nayagaon in Bulandshahr district of Western Uttar Pradesh was forced out of business due to irregular weaving orders of chairs and cots, a task which he had mastered in the last several years. Together with his wife Krishna Devi, [...]

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Planet Finance India invites applications for Microfinance Process Excellence Award 2010

August 17, 2010
planet finance india

The Microfinance Process Excellence Award (MPEA) is an effort by PlaNet Finance India to reward process excellence in microfinance institutions (MFIs), establish industry benchmarks and elevate the standards of process and institutional management across MFIs in India. This is the 4th time that this prestigious award has been offered. Governance and Price Transparency were introduced [...]

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Interview with Mary Ellen – 'Microloan lenders can serve both investors and the poor'

August 17, 2010
Mary Ellen Iskenderian

By Uttara Choudhury, DNA-Daily News & Analysis Q & A: Mary Ellen Iskenderian There are changes underfoot in India’s microfinance sector which has grown at an average annual rate of 80% over the last three years. Traditionally, microfinance institutions (MFIs) financed their lending through donations or deposits from borrowers but an increasingly popular option is private [...]

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Vijay Mahajan Interview – 'It is not possible to decrease microfinance rates as of now'

August 17, 2010

By KV Ramana, DNA-Daily News & Analysis The microfinance sector is set to move into the next level by creating a self-regulatory mechanism to check unethical business practices. The interest rates charged by microfinance institutions (MFIs), however, are likely to remain at an average of about 26% due to non-availability of cheaper funds and various [...]

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RBI releases winter issue of its Occasional Papers

August 17, 2010
rbi occasional papers

The Reserve Bank of India yesterday released the Winter 2009 issue of the Reserve Bank of India Occasional Papers. Occasional Papers is a research journal of the Reserve Bank and contains contributions of its staff and reflects the views of the authors. These issues are woven around some important themes which are in the forefront of policy discussions. [...]

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Indian Microfinance – Inverting the Pyramid – Intellecap Report

August 17, 2010
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SKS Microfinance gains more than 16% on Listing

August 16, 2010
sks microfinance listing

Shares in SKS Microfinance rose more than 16 per cent on debut on Monday after it’s stock commenced trading on Monday. At 9:45 am (IST), the shares of SKS Microfinance were trading at Rs 1125 a gain of 14% on the issue price of Rs 985.Retail investors who were given a discount of Rs 50 [...]

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Napolean Hill on Success and Failure

August 14, 2010
Napolean Hill on sucess

“Most great people have attained their greatest success just one step beyond their greatest failure.” – Napoleon Hill Napoleon Hill (Oct 26, 1883 – Nov 8, 1970) was an American author and among the earliest producers of the modern genre of personal success literature. He is widely considered to be one of the greatest writers [...]

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Have you been ‘wiped’ out ? Learning from failures

August 14, 2010
wiped out monk alok

Guest article by Alok Kejriwal , Founder of C2W Group Losing is winning. In the upper Himalayas, an ancient Tibetan monastery follows a secret Zen tradition. Newly ordained monks perform their daily rituals of chanting, meditation, cooking and cleaning and in the evening paint colorful patterns on the floor (Rangoli in India) using dry powder [...]

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Mobile Money Transfer Video:M-Pesa

August 14, 2010
mobile money mpesa

Only 4 million Kenyans have bank accounts. But 10 million people in the country now use the M-PESA money transfer service. This short video by CGAP shows how mobile money is changing the face of banking in Kenya and it’s implications world wide. About M-PESA M-PESA (M for mobile, pesa is Swahili for money) is [...]

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RBI paper on New Banking Licenses creates Euphoria in Markets

August 14, 2010
rbi bank license nbfc

NBFC stocks climb higher on Banking License Euphoria Shares of select non-banking financial companies (NBFCs) rose between two to four per cent on Thursday, after the Reserve Bank of India (RBI) released a discussion paper on entry of new private sector banks. Read the rest on BS RBI View on Banking Licenses for NBFC’s raises [...]

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RBI releases Discussion Paper on Entry of New Banks in the Private Sector

August 14, 2010
rbi new banks license

The Reserve Bank of India released on its website yesterday, the Discussion Paper on “Entry of New Banks in the Private Sector”. Download the discussion paper at the link below RBI Discussion Paper on Banking Licenses for NBFC’s- 81 Pages -350KB The paper seeks views/comments of banks, non-banking financial institutions, industrial houses, other institutions and [...]

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