RGVN, one of the 10 recipients of the small finance bank (SFB) license, will raise around $20 million (approximately Rs 130 crore) from the International Finance Corporation (IFC). IFC, the World Bank’s investment arm, said that it would invest up to $20 million in RGVN in the form of a sen…
Tag: microfinance institutions (MFIs)
Big challenges before small finance banks
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…