Category: Microfinance

bharat report

Bharat Microfinance Report 2016 -2017 Released

Sa-Dhan, India’s premier body of development finance institutions has released it’s latest report on the status of microfinance in India for the FY2015-16. The report titled the Bharat Microfinance Report provides the latest data and statistics about the micro-finance sector in India. The much anticipated report serves as a barometer of the sector for Indian […]

grow of Microfinance

Indian Microfinance Industry touches Rs. 64,000 Crores for 2016 – 2017

According to Sa-Dhan’s “Bharat Microfinance Report – 2016”, the Indian microfinance industry is pegged at Rs. 63,853 crores making it about US$ 10 billion industry. The industry is beginning to see benefits of scale with reduced interest for borrowers. The top 10 NBFC-MFIs contributing  80% of the sector’s Gross Loan Portfolio or over Rs. 40,000 […]

equitas over subscription

17 Times – Equitas IPO Oversubscribed

On the last day of it’s IPO, Equitas received bids for more than Rs 28,000 Crores which resulted in an over-subscription of 17 times. The IPO which opened on 5th April closed today afternoon with orders for more than 247 Crore shares. Earlier this week the IPO began with a subdued start garnering only 0.10 […]

report 2015 cover page

Inclusive Finance India Report 2015 – 2016

The Microfinance India, state of the sector report which has been in publication since the last eight years has now re-branded itself as the Inclusive Finance India Report.The 2015 edition’s editor is Professor M.S Sriram who leads the Centre for Public Policy at the IIM, Bangalore. This report is a must read for those looking to […]

equitas holdings india

Equitas Holdings IPO Analysis

A reader pointed out that my review of Equitas Holdings IPO posted two days ago is confusing because while I start with reasons on why you can avoid subscribing to the IPO, I eventually end the post with a paragraph on who can invest. This has not gone down well with some of my readers who […]

ujjivan

Ujjivan IPO News

Ujjivan Financial Services has announced that it’s IPO could soon hit the markets as the company seeks to list on the NSE and BSE. Ujjivan’s IPO would be the second one to hit the primary capital markets this year after Equitas Holdings announced the dates of its IPO yesterday. Unlike Equitas which is planning to […]

ipo april

Equitas IPO Review – Should you invest?

Equitas Holdings Ltd has fixed the dates when it’s shares would be offered to the public through an IPO. The Equitas IPO would open on the 5th April,2016 and close on the 7th April, 2016. The company received an approval from SEBI in January 2016 for its Draft Red Herring Prospectus. It has fixed a […]

microcredit sector

Microfinance in India – 2016 Outlook

What is in store for Indian Microfinance Companies for the year 2016. Read on to find out! The year 2016 promises to be full of developments that could propel India’s microfinance sector past the heights that it touched in 2010. In 2010, Indian MFI’s had to face a backlash from loan borrowers and politicians. There […]

yojana up

Jan Kalyan Yojana

In early January 2016, job forums on the Internet started reporting about a Jan Kalyan Yojana announced by the Uttar Pradesh Government for recruitment of 72,530 Vikas Karmi or Development Managers. Many users paid money to register on the different websites to become eligible for taking part in the written selection test. So is the […]

2016 microfinance IPO's

Microfinance IPO’s in 2016

A long list of Initial Public Offerings (IPO’s) from microfinance companies is expected to hit Indian Markets over the next one year. Equitas microfinance has become the first microfinance company to have filed it’s draft red herring prospectus with SEBI to do an IPO in 2015. According to details available on their website Equitas plans […]

vineet rai on stage

Aavishkaar releases annual impact report

In a glittering function last week in Mumbai, Aavishkaar released it’s annual report titled ” Aavishkaar Impact Report”, the 2015 version of the report highlights the social impact funds achievements over the years. Aavishkaar which was founded in 2001 by Vineet Rai has helped social entrepreneurs across the world raise capital and scale up their […]

loan portfolio

Top 10 MFI’s in India 2015-16 List released

The latest rankings of the top MFI’s in India has been released in the Bharat Microfinance Report 2015, the results are based on data made available to Sa-Dhan by MFI’s and are for the financial period of FY2014-15. These rankings can be considered to be valid until October 2016, when fresh rankings of microfinance companies […]

bharat cover 2015

Bharat Microfinance 2015-16 Report released

Bharat Microfinance Report with the latest data on Indian MFI’s and SHG’s released The report was released at the Lalit Ashok in Delhi by Sa-Dhan (The Association of Community Development and Microfinance Institutions) on the eight of October 2015. The 2015 report provides the most up-to-date information about operational analytics on microfinance companies (MFI’s) and […]

microfinance penetration by region

Microfinance Portfolio in India pegged at Rs 50,000 Crore

According to Sa-Dhan’s “Bharat Microfinance Report – 2015”, MFIs (microfinance institutions) total loan portfolio stood at over Rs. 48,882 crore. The net loan portfolio or owned portfolio on the books of the MFIs stood at over Rs. 39,028 crore, which is an increase of 33% over the last year. The share of NBFC-MFIs stood at […]

bandhan bank logo

Bandhan Bank Share Price and Latest News

Bandhan Bank is India’s first microfinance company which transformed itself into a full fledged bank. Bandhan Bank was founded by Chandra Shekhar Ghosh in 2001 as an NGO inspired by success of the Grameen Bank in neighboring Bangladesh. In 2006 the NGO acquired the Non Banking Finance Company (NBFC) license of Ganga Niryat Pvt Ltd […]

travel insurance company plans

Online Travel Insurance Companies in India – 2015 Reviews

So are you planning to travel to the United States, Australia or Germany this year ? Most Indians while planning a tour abroad do not intend to purchase any travel insurance, only when it is made compulsory by the Visa issuing authorities, do we purchase it. Travel insurance is compulsory for students going abroad for higher […]

ujjivan india

Ujjivan raises Rs 640 Crore in Equity / Debt

Bangalore headquartered Ujjivan Financial Services has received Rs 600 Crore in funding from a consortium of foreign investors comprising of Commonwealth Development Corporation and CX Partners who along with India based Newquest ( A unit of the Bajaj Group). Out of the Rs 600 Crore, about Rs 300 Crore will be spent in buying out […]

ifmr capital satin

IFMR Capital arranges first ECB for Satin Creditcare

The Chennai-based NBFC, IFMR Capital has successfully executed the issuance of an External Commercial Borrowing (ECB) for Satin Creditcare Network Limited (“Satin”), one of its long standing clients. The USD 10 Million borrowing for a tenor of 8 years was sanctioned and disbursed by U.S.-based lender World Business Capital, Inc. (“WBC”), and was partially guaranteed […]

indian ngo 2014

India NGO Awards 2015

The India NGO Awards 2015, is an annual initiative organized by the Resource Alliance.The awards sponsored by the Rockfeller Foundation and EdelGive Foundation seeks to recognize outstanding NGO’s for their programs in India.The awards also seeks to promote organizational sustainability at NGO’s, while at the same time strengthening civil society. The organizers are now inviting entries for the 2015 edition. […]

Human-Resource-Management-MFI

Human Resource Management Practices among MFI’s in India

Access Development services has released a report on the state of Human Resource practices in India’s Microfinance sector after studying the policies and practices of 25 Microfinance companies in India’s. The report is titled ” Report on Human Resource Management in Microfinance Institutions: The State of Practice” and can be downloaded at the link below : […]

ifmr-capital-microfinance1

IFMR Capital’s credit ratings upgraded by ICRA and CARE

IFMR Capital, has been assigned an enhanced long-term credit rating from A to A+ by ICRA and enhanced short-term credit rating from A1 to A1+ by ICRA and CARE. The ratings have been upgraded in view of the improvement in capital adequacy levels, increase in portfolio diversification towards new asset classes along with growing business […]

mfin logo

Microfinance Companies in India register 44% growth in Q1

Microfinance Institutions Network , the industry body of Microfinance Companies in India announced last week that MFI’s registered a growth of 44% on their Gross Loan Portflio to touch Rs 26,150 crore in the first quarter of FY2015 when compared to Q1 of FY2014. The top states which saw the largest increase in disbursements were […]

shantha lecture

5th Sitaram Memorial Lecture

The Fifth Annual V. Sitaram Rao Memorial event was organized in Hyderabad on July 10, 2014. The occasion saw Prof. Shantha Sinha, winner of the Ramon Magsaysay Award for Community Leadership and Founder, Mamidipudi Venkatarangaiya Foundation, give a talk on ‘Adolescent Girls – Path to Education’. The event was organized by SKS Microfinance. Watch the […]

ela bhatt

Role of Microfinance – Mrs. Ela Ramesh Bhatt

Mrs. Ela Ramesh Bhatt, Founder, SEWA, winner of the Ramon Magsaysay Award for Community Leadership and Director of the Central Board of the Reserve Bank of India, speaks on the ‘Role of Microfinance’ (video message) at the Fifth Annual V. Sitaram Rao Memorial event organized by SKS Microfinance in Hyderabad on July 10, 2014. The […]

kshama fernandes

Kshama Fernandes appointed as Trustee of IFMR Trust

IFMR Trust, announced last week that it has appointed Dr Kshama Fernandes to the Board of Trustees at the IFMR Trust. The IFMR Trust (Institute for Financial Management and Research, Tamil Nadu) is a non-profit organization sponsored by ICICI, the House of Kotharis and other major industrial groups. The IFMR trust functions as an incubation […]

amfi-wb

AMFI – West Bengal organizes meetup

The Association of Microfinance Institutions – West Bengal (AMFI-WB) organized a meeting between MFI’s having operations in West Bengal and State level bankers early this week to facilitate direct interaction between leaders of the Microfinance sector and the Banking industry. Association of Microfinance Institutions – West Bengal AMFI-WB is a Self Regulatory Organization (SRO) established in 2006 […]

janalakshmi financial services

Janalakshmi Financial Services raises Rs 325 Crores

Janalakshmi Financial Services announced last week that it had raised Rs 325 Crores in Series D Primary Equity from a group of institutional investors. This is the largest transaction in the history of the Indian Microfinance Sector since the Andhra Pradesh Microfinance Crisis in 2010. Before this capital infusion, Janalakshmi Financial Services had raised around Rs […]

suresh gurumani sks

CRISIL Research releases updated rating on SKS Microfinance

CRISIL Research has announced that it has assigned a CRISIL IER fundamental grade of 4/5 (pronounced ‘four on five’) to SKS Microfinance (SKS). This grade indicates that the company’s fundamentals are `superior’ relative to other listed equity securities in India. CRISIL has further stated that the fair value of the stock is Rs 310 per share. […]