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It is a division of Indian governments Small Industries Development Bank of India (SIDBI). [1] In practice, it acts as an oversight over MFIs which are the intermediaries between the retail borrowers consisting of poor people and individual borrowers living in rural areas or urban slums and the public sector development finance institutions. [2]
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]
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]
In a joint fact-finding study on microfinance conducted by the Reserve Bank of India and a few major banks, the following observations were made: Some of the microfinance institutions (MFIs) financed by banks or acting as their intermediaries or partners appear to be focusing on relatively better banked areas, including areas covered by the SHG ...
CreditAccess Grameen Limited (CA Grameen) is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. [5] [6] [7] The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.
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 ...
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.