Concerned over sluggish refinancing under the MUDRA Yojna for tiny enterprises, a parliamentary panel has suggested a bigger role for micro-finance institutions (MFIs) while capping their interest rates at “reasonable rates”. As per the report by the Parliamentary Standing Committee p…
Tag: NBFCs
Mudra Bank helps Janalakshmi to unlock capital
Mudra Bank, which is Narendra Modi government’s gift to Indian banking aiming to grow lending towards small businesses, has invested Rs 50 crore in a securitisation deal with Janalakshmi Financial Services helping the latter unlock capital. This marks MUDRA’s first ever participation …
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
Car finance market is expected to grow at a CAGR of 13.5% from FY’2016 – FY’2020 | Ken Research
The pre-owned car finance market has emerged as one of the fastest growing market in the previous few years. The major players or the financiers in the Pre-Owned car finance market are banks and the NBFC’s wherein the major share has gone to the banks because of the underlying trust of the people…
Indian MSME finance market expected to touch INR 46 trillion by FY 2020 | Ken Research
Ken Research announced its latest publication on “India MSME Finance Market Outlook to 2020 – Driven by Government’s Financial Inclusion Agenda and Newfound Profitability in Segment” which provides a comprehensive analysis of the MSME Finance Market in India. The future analysis of overall MSME m…
Investor queue gets longer outside micro loan startups
Startups helping college students and young adults get small loans, typically below Rs 1 lakh, are seeing early interest from investors as fin-tech, or financial technology, emerges as one of the hottest sectoral themes for this year. Finomena, a Bengaluru-based lending platform for students, rec…
Mudra not to regulate Micro Finance Institutions: Govt
Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …
Mudra Bank refinances Rs 1,500 crore to SMEs
Mudra Bank, which has been set up to provide credit to micro units, has refinanced Rs 1,500 crore under the Pradhan Mantri Mudra Yojana. “In the first nine months of inception, Mudra Bank has so far refinanced Rs 1,500 crore to micro units through public sector banks,” Mudra Bank CEO …