Bandhan Financial Services

Bandhan was set up by Mr. Chandra Shekhar Ghosh in 2001 as a non-governmental organisation (NGO), Bandhan-Konnagar, under the West Bengal Societies Registration Act, 1961. In 2006, the NGO acquired NBFC, Ganga Niryat Pvt Ltd, and renamed it as Bandhan Financial Services Pvt Ltd (Bandhan) and transferred the NGO’s microfinance activities to the company. Bandhan … Continue reading “Bandhan Financial Services”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

Bandhan microfinance overtakes SKS as India’s largest MFI – News Digest

SKS loses top slot as largest Indian microlender SKS’s total loan book stood at Rs.2,635 crore in Sep, compared with Kolkata-based Bandhan Financial’s Rs.2,713 crore. LM   Bandhan Financial Raises $7Mn Debt From responsAbility Social Investments Bandhan Financial Services has raised $7Mn debt from Switzerland based responsAbility Social Investments AG. DC MFIs may be allowed … Continue reading “Bandhan microfinance overtakes SKS as India’s largest MFI – News Digest”

Bhartiya Samruddhi in talks to raise Rs 300 Crore – News Digest

Bhartiya Samruddhi set to raise Rs 300 Crore. Bhartiya Samruddhi Finance, a microfinance institution promoted by social entrepreneur Vijay Mahajan, is in talks with banks and private equity investors to raise around Rs 300 crore. This would allow the company to sustain its operations in the future. BS Banks should remember that 80 percent of the … Continue reading “Bhartiya Samruddhi in talks to raise Rs 300 Crore – News Digest”

Rohini Nilekani comments on Microfinance Crisis in India

Rohini Nilekani , the chairperson of Arghyam, and Pratham Books has written an article on the Microfinance Crisis in Andhra Pradesh, India. The article which appeared in the Times of India is given below. Microfinance, Macro Trends By Rohini Nilekani The macro crisis in the microfinance sector may not get resolved anytime soon. But it … Continue reading “Rohini Nilekani comments on Microfinance Crisis in India”

Bandhan Microfinance secures Rs 350 crore credit from SIDBI

The Small Industries Development Bank of India (SIDBI) has provided credit facilities worth Rs 350 crore to one of India’s largest microfinance institution (MFI) Bandhan Microfinance. Bandhan Microfinance which is among the country’s top five microfinance institutions by portfolio size, has already received Rs 150 crore from SIDBI early this month as part of the … Continue reading “Bandhan Microfinance secures Rs 350 crore credit from SIDBI”