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Forbes magazine named seven microfinance institutes in India in the list of the world's top 50 microfinance institutions. Bandhan, as well as two other Indian MFIs—Microcredit Foundation of India (ranked 13th) and Saadhana Microfin Society (15th) – have been placed above Bangladesh-based Grameen Bank (which along with its founder Mohammed ...
The Reserve Bank of India has set a cap on the lending rate of microfinance institutions at 26 per cent per year and a margin cap of 12 per cent over their cost of funds. Currently, the network member organizations consist of 55 [ 3 ] of the leading non-banking financial companies and microfinance institutions, whose combined businesses ...
Pages in category "Microfinance companies of India" The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes. B.
In 2010, it became the largest microfinance institution (MFI) in the country. [4] In April 2014, Bandhan received an in-principle approval from the Reserve Bank of India (RBI) for a bank license. [5] On June 17, 2015, RBI granted the banking licence to Bandhan, making it the first microfinance institution to become a universal bank in India. [6]
Satin Creditcare Network Limited is a non-banking finance company (), licensed by the Reserve Bank of India.It was founded in 1990 by Mr. H P Singh. [1] The company's offers financial requirements for excluded households at the bottom of the pyramid.
Muthoot Microfin Limited [5] is an Indian microfinance institution (MFI), headquartered in Kochi. It primarily provides unsecured microloans to women in rural areas. [6] It is a part of Muthoot Pappachan Group. [7] [8] [9] [10]
He has worked in microfinance since 1995 after having started an NGO in 1978. He is the pioneer of microfinance in eastern India. He is also the founder-member of Sa-Dhan. [12] Mr Kuldip Maity is the MD and CEO of Village Financial Services. He is associated with Sa-Dhan, AMFI West Bengal and Micro Finance Institutions Network (MFIN). [13]
Vikram Akula (born 7 November 1968) is an American banker and the founder of SKS Microfinance (now BFIL), a micro finance company and former chairperson of Bharat Financial Inclusion Ltd. SKS was an organization that offered microloans and insurance to poor women in India.