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Tag Archive 'Micro Finanance Institutions Network'

MFIs Seek RBI Directive for Rs 1,000-cr Fund by Banks

Posted in Featured News on Nov 23rd, 2010

23 November 2010 [BusinessStandard] Faced with a liquidity crunch, microfinance companies have asked the Reserve Bank of India (RBI) to direct banks to set up an emergency fund of Rs 1,000 crore to help them tide over slowdown in their business. Sources said the Microfinance Institution Network (MFIN) is trying to convince the RBI in [...]

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MFIs Agrees to Reduce Interest Rates to 24 pc

Posted in Featured News on Nov 8th, 2010

8 November 2010 [The Economic Times] A cut in rates comes from as high as 34 per cent in the backdrop of an unsavoury situation in Andhra Pradesh, where many borrowers have committed suicides apparently due to coercive methods adopted by micro finance institutions (MFIs) to recover money. Addressing a select group of newspersons after [...]

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