Microfinance

Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.

Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been tapped to lead an interim government after the ouster of prime minister Sheikh Hasina, the country's presidency announced early Wednesday.

Nobel-winning microfinance pioneer Muhammad Yunus has been asked by Bangladeshi protest leaders to helm an interim government to replace ousted premier Sheikh Hasina, who had hounded him in speeches and through the courts.

Jailed Nobel-winning microfinance pioneer Muhammad Yunus is celebrated around the world for helping millions of people out of poverty, but at home in Bangladesh he has a powerful enemy.

Bangladesh's top court has ordered Nobel laureate and microfinance pioneer Muhammad Yunus to pay more than $1 million in taxes on a $7 million donation made to three charitable trusts.

The government is planning a big push to the insurance sector by bringing second-generation reforms by amending the existing legislation.

RBL Bank is looking to ramp up its retail exposure to protect its books from being over-exposed to large corporates and to help bolster growth alongside its key businesses of credit cards and microfinance.

The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.

Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, is planning to tap the capital markets with an initial share sale offer of Rs 1,500-1,800 crore by the last quarter of 2023.

Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday.

Fusion Microfinance on Friday said it has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore initial public offering (IPO).

Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.

Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022

The managing director of a private microfinance firm has been arrested in Odisha's Sundargarh district for allegedly embezzling over Rs 100 crore on the pretext of giving loans, police said on Friday.

The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.

Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.

Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been tapped to lead an interim government after the ouster of prime minister Sheikh Hasina, the country's presidency announced early Wednesday.

Nobel-winning microfinance pioneer Muhammad Yunus has been asked by Bangladeshi protest leaders to helm an interim government to replace ousted premier Sheikh Hasina, who had hounded him in speeches and through the courts.

Jailed Nobel-winning microfinance pioneer Muhammad Yunus is celebrated around the world for helping millions of people out of poverty, but at home in Bangladesh he has a powerful enemy.

Bangladesh's top court has ordered Nobel laureate and microfinance pioneer Muhammad Yunus to pay more than $1 million in taxes on a $7 million donation made to three charitable trusts.

The government is planning a big push to the insurance sector by bringing second-generation reforms by amending the existing legislation.

RBL Bank is looking to ramp up its retail exposure to protect its books from being over-exposed to large corporates and to help bolster growth alongside its key businesses of credit cards and microfinance.

The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.

Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, is planning to tap the capital markets with an initial share sale offer of Rs 1,500-1,800 crore by the last quarter of 2023.

Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday.

Fusion Microfinance on Friday said it has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore initial public offering (IPO).

Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.

Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022

The managing director of a private microfinance firm has been arrested in Odisha's Sundargarh district for allegedly embezzling over Rs 100 crore on the pretext of giving loans, police said on Friday.

The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.