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SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
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Fusion Micro Finance Shares Down Over 2% On Market Debut
Shares of Fusion Micro Finance today made a weak market debut, falling over 2 per cent, against the issue price of Rs 368.
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IPO: Fusion Micro Finance Public Offer Subscribed 12% On Day 1 Of Offer
The initial public offering of Fusion Micro Finance was subscribed 12 per cent on the first day of subscription on Wednesday.
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IPO: 4 Firms Set To Seek Rs 4,500 Crore Through Public Offering Next Week
The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week.
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Budget Announcements For Micro, Small & Medium Enterprises: Details Here
A Rs 6,000-crore programme to rate MSMEs will be rolled out over the next five years, Finance Minister Nirmala Sitharaman said on Tuesday.
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Budget 2022: Micro Finance Industry Seeks Higher Credit Guarantee Schemes
The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget
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Parliament Passes Bill To Help Small And Medium Sector
Parliament on Thursday passed the Factoring Regulation (Amendment) Bill, 2021, which will help the micro, small and medium enterprises sector.
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Centre Introduces Bill To Help Pandemic-Hit Small Enterprises
The Centre on Monday introduced a bill in Lok Sabha for providing a resolution process for financially stressed micro, small and medium enterprises.
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Financial Inclusion To Be Focus Area In Post Pandemic Age, Says RBI Governor
RBI Governor Shaktikanta Das: Reserve Bank will continue to address the concerns of over-indebtedness of micro finance borrowers.
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Budget 2021: Rs 15,700 Crore Provided For MSME Sector
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22.
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BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
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Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
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RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
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Criteria For Classifying ''Medium'' Enterprises Under MSMEs To Be Revised Further, Says Nitin Gadkari
Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs
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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
-
Fusion Micro Finance Shares Down Over 2% On Market Debut
Shares of Fusion Micro Finance today made a weak market debut, falling over 2 per cent, against the issue price of Rs 368.
-
IPO: Fusion Micro Finance Public Offer Subscribed 12% On Day 1 Of Offer
The initial public offering of Fusion Micro Finance was subscribed 12 per cent on the first day of subscription on Wednesday.
-
IPO: 4 Firms Set To Seek Rs 4,500 Crore Through Public Offering Next Week
The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week.
-
Budget Announcements For Micro, Small & Medium Enterprises: Details Here
A Rs 6,000-crore programme to rate MSMEs will be rolled out over the next five years, Finance Minister Nirmala Sitharaman said on Tuesday.
-
Budget 2022: Micro Finance Industry Seeks Higher Credit Guarantee Schemes
The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget
-
Parliament Passes Bill To Help Small And Medium Sector
Parliament on Thursday passed the Factoring Regulation (Amendment) Bill, 2021, which will help the micro, small and medium enterprises sector.
-
Centre Introduces Bill To Help Pandemic-Hit Small Enterprises
The Centre on Monday introduced a bill in Lok Sabha for providing a resolution process for financially stressed micro, small and medium enterprises.
-
Financial Inclusion To Be Focus Area In Post Pandemic Age, Says RBI Governor
RBI Governor Shaktikanta Das: Reserve Bank will continue to address the concerns of over-indebtedness of micro finance borrowers.
-
Budget 2021: Rs 15,700 Crore Provided For MSME Sector
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22.
-
BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
-
Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
Criteria For Classifying ''Medium'' Enterprises Under MSMEs To Be Revised Further, Says Nitin Gadkari
Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
