Ujjivan Small Finance Bank Ltd, the fifth such bank in India and the largest among the five in terms of their small loan portfolio, will make its formal debut on Monday after running a pilot programme in five of its microfinance branches in Bengaluru. Professor Muhammad Yunus, a microfinance pion…
Tag: Bandhan Bank
Currency Ban Impact: Bandhan Bank CEO says MFIs may lose Rs 1,700 cr due to note ban
The demonetisation move may hit the micro finance sector hard, said Bandhan Bank CEO Chandrashekhar Ghosh, estimating the temporary loss to be around Rs 1,500-Rs 1,700 crore. Bandhan Bank, which was one of the largest micro finance institutions before it became a bank last year, has suspended its…
Romantic about SMEs alone will not create jobs | CEA
The West Bengal government might be bullish about small and medium enterprises (SME) but that will not generate jobs, warned Chief Economic Advisor Arvind Subramanian. “SMEs are things to be romantic about, but that does not generate dynamism or jobs,” Subramanian said in an obvious reference to …