Search results
Results From The WOW.Com Content Network
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 ...
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]
CRIF High Mark's other shareholders include State Bank of India, Punjab National Bank, SIDBI, Edelweiss, Shriram City Union Finance, and Alpha, a microfinance institution consortium. [ 16 ] [ 17 ] Established in 1988 in Bologna (Italy), CRIF is a global company specialising in the development and management of credit reporting, business ...
AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank [2] and India’s largest [3] tech-led [4] small finance bank, based in Jaipur.It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017.
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.
Prior to becoming a bank, the company was India's largest microfinance institution, Janalakshmi Financial Services, [4] founded July 24, 2006. [ 5 ] [ 6 ] As a microfinance lender, the company survived large losses following the 2016 Indian banknote demonetisation , reporting total losses of ₹2,504 crore (US$338 million) at the time of its ...
Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. [4] In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins. The company is headquartered in Kochi, Kerala and operates over 5000 branches throughout the country.
In 2009, the microfinance portfolio of the NGO was transferred to the NBFC, which Bandhan had acquired in 2006. [5] Gradually, the organisation expanded its operations to various states of the country. In 2010, Bandhan became the largest microfinance institution in India.