Concerns have been raised that Insolvency Professionals are unequipped to run a company.
Microfinance, having been pioneered in Bangladesh, would find its zenith in Andhra Pradesh for a while as credit levels surged.
The pecuniary jurisdiction of the Banking Ombudsman to pass an Award has been increased from existing Rs 10 lakh to to Rs 20 lakh.
We need a bank as a partner, with or without stake: MR Rao, Managing Director, Bharat Financial Inclusion
Normally, in a heavy competitive business, pricing comes down. In this space, given the fact that there was no system and credit bureau, people could grow 60-70% without competing on price.
"Premature action at this stage risks disruptive policy reversals later and the loss of credibility," read the minutes of the monetary policy committee meeting during June 6-7.
ICRA projected that out of the total capital requirement, Rs 1,800-3,000 crore has to be equity capital and the balance to be raised in additional tier 1 capital.
Sources said Janalakshmi is facing financial stress and may have to write off loans worth Rs 1500-2000 cr before transforming into a small finance bank.
Infomerics Rating has been rating various money market & capital market instruments and carrying out issuer ratings for the last two years.
Dena has lowered the marginal cost-based lending rate (MCLR) for home loans between Rs 30 lakh and Rs 75 Lakh by 5 bps to 8.60% a year.
The MFI has been in the process of making transaction with borrowers fully cashless to gain efficiency.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon