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The Microfinance Institutions Network was created to promote microfinance. The network promotes responsible lending, client protection, good governance and a supportive regulatory environment. It was established in October 2009 as a society under the Andhra Pradesh Societies Registration Act 2001. According to its bylaws, all non-banking ...
www .sidbi .in. Small Industries Development Bank of India ( SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country.
CreditAccess Grameen Limited (CA Grameen) is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. [5] [6] [7] The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.
Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1997 by Vikram Akula, who served as its executive chair until working. [ 3] The company's mission is to provide financial services to the poor under the premise ...
Satin Creditcare Network Limited is a non-banking finance company ( NBFC ), licensed by the Reserve Bank of India. It was founded in 1990 by Mr. H P Singh. [ 1] The company's offers financial requirements for excluded households at the bottom of the pyramid. Satin Creditcare Network Limited is a micro-finance institution (MFI) in the country ...
In February 2012, the Reserve Bank of India (RBI) issued a warning to the general public against keeping deposits with Manappuram Finance. [8] In response, the company announced an immediate compliance to any of RBI's concerns and decided to constitute an independent committee under the chairmanship of Jagdish Capoor (former Deputy Governor of RBI and former Chairman of HDFC Bank) to review ...
On 7 November 2017, the company was converted into a public company, after which the RBI granted it a fresh certificate of registration on 4 January 2018. [6] VFS is also the first ISO-certified microfinance company in India. [citation needed] The microfinance operations under VFS have grown phenomenally. It has touched the lives of thousands ...
An Afghan woman doing microfinanced sewing work. Microfinance consists of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems ...