Mumbai: To address multiple and over lending issues in the microfinance space, micro-credit providers, including microfinance institutions (MFIs), small finance banks (SFBs) and banks will voluntarily abide by a mutually agreed code of conduct (MACC), whereby they will not lend to a client who al…
Tag: Ratna Vishwanathan
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…
Garbage apps to solar lamps: Businesses helping poor attract foreign investors
As a new business in India offering environmentally-friendly rubbish disposal, ScrapApp has boomed in the past year while helping address one of the nation’s major problems – garbage. In India, where recycling rubbish is not part of the formal sector, masked workers from social enterprise S…