SFB loans to MFIs for on-lending to be classified as priority sector lending
At present, lending by Small Finance Banks (SFBs) to Micro Finance Institutions (MFIs) for on-lending is not reckoned for priority sector lending (PSL) classification.
May 05, 2021, 14:47 PM IST
Finance Ministry may introduce MUDRA Bill in Budget session
The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.
Sep 06, 2015, 14:42 PM IST
RBI raises lending limit for MFIs
The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.
Apr 07, 2015, 21:26 PM IST
Govt starts consultations for enacting law for MFIs
Government has started consultations with all stake-holders, including state governments, for enacting a law to regulate Micro Finance Institutions (MFIs) for ensuring interests of customers.
Jul 25, 2014, 13:46 PM IST
Muthoot, Manappuram surge up to 9% on RBI's draft guidelines
Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.
Jul 18, 2014, 14:00 PM IST
MFIs should be given micro credit banking licence: Yunus
Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.
Jun 11, 2014, 20:24 PM IST
