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 … Continue reading “IFMR Capital’s credit ratings upgraded by ICRA and CARE”

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 … Continue reading “Microfinance Companies in India register 44% growth in Q1”

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 … Continue reading “5th Sitaram Memorial Lecture”

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 … Continue reading “Role of Microfinance – Mrs. Ela Ramesh Bhatt”

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 … Continue reading “Kshama Fernandes appointed as Trustee of IFMR Trust”

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 … Continue reading “AMFI – West Bengal organizes meetup”

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 … Continue reading “Janalakshmi Financial Services raises Rs 325 Crores”