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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 ...
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 ...
Non-Banking Financial Company (NBFC) is [1] a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business is that of agriculture, industrial activity, purchase or sale of any goods (other than ...
The National Bank for Agriculture and Rural Development ( NABARD) is an All India Financial Institution (AIFI) [ 4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [ 5] It was established under the NABARD Act 1981 passed by the Parliament of ...
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 ...
Having started its operations as an NGO in 1992 under the name of Evangelical Social Action Forum, ESAF Microfinance was a non-banking finance company and microfinance institution (NBFC-MFI), licensed by the Reserve Bank of India (RBI). It became a small finance bank in March 2017 and started operating in January 2018. [2]
CreditAccess India Foundation (CA India Foundation) is a Section 8 corporation that was established in 2021. It is a Non-government company that is registered with the Registrar of Companies in Bangalore. CreditAccess Grameen Limited owns 100% of CA India Foundation. The foundation works on areas of social development such as Education ...
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 ...