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MFI-fuelled suicides in AP had insurance cover
Borrowers from microfinance institutions (MFIs) in Andhra Pradesh were not aware that they were insured and that a part of the upfront deduction from the loan was going towards premium payment, according to the state government. This intriguing fact came to the notice of the government authorities after a spate of suicides, mostly committed by the victims of multiple loans extended by MFIs because
Borrowers from microfinance institutions (MFIs) in Andhra Pradesh were not aware that they were insured and that a part of the upfront deduction from the loan was going towards premium payment, according to the state government. This intriguing fact came to the notice of the government authorities after a spate of suicides, mostly committed by the victims of multiple loans extended by MFIs because
Bill seeks to cap loan interest
The government on Tuesday tabled in Parliament the Microfinance Institutions (Development & Regulation) Bill, seeking to make the Reserve Bank of India (RBI) the regulator for micro lenders
RBI offers breather to MFIs
Microfinance institutions (MFIs) in Andhra Pradesh can now breathe a sigh of relief. The deadline for new provisioning and asset classification norms, which threatened their existence, has been
Bharti AXA to double its business in Assam by 2012
Private sector insurer Bharti AXA General Insurance Company Ltd is eyeing big in the state of Assam as the company plans to double its business in the state by the end of 2012 calendar year.
Private sector insurer Bharti AXA General Insurance Company Ltd is eyeing big in the state of Assam as the company plans to double its business in the state by the end of 2012 calendar year.
Crisil upgrades Equitas and Ujjivan
Greater regulatory clarity, a stable operating environment, equity infusion and improved fund flow is working to the benefit of microfinance institutions (MFIs) outside Andhra Pradesh.
Greater regulatory clarity, a stable operating environment, equity infusion and improved fund flow is working to the benefit of microfinance institutions (MFIs) outside Andhra Pradesh.
MFIs an attractive option for NBFCs looking at banking foray: Eric Savage
The microfinance sector in India grew at an astonishing pace and so has been the climb down. The past 18 month have been tough for microfinance institutions (MFI) as the access to capital has been
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