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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 ...
Padma Krishna. Vikram Akula (born 7 November 1968) is an American banker and the founder of SKS Microfinance (now BFIL), a micro finance company and former chairperson of Bharat Financial Inclusion Ltd. SKS was an organization that offered microloans and insurance to poor women in India. He stepped down as SKS Chairperson in November 2011 and ...
Forbes magazine named seven microfinance institutes in India in the list of the world's top 50 microfinance institutions. Bandhan, as well as two other Indian MFIs—Microcredit Foundation of India (ranked 13th) and Saadhana Microfin Society (15th) – have been placed above Bangladesh-based Grameen Bank (which along with its founder Mohammed ...
Muhammad Yunus, who won the Nobel Peace Prize in 2006 for his work with microfinance lender Grameen Bank, will lead the country’s caretaker government, according to Bangladesh’s national news ...
The article on Wikipedia currently states: SKS Microfinance Limited (SKS) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. (No Source is mentioned for this statement) My suggestion with sources: SKS Microfinance Limited, which was founded in 1997, launched its operations in 1998 as a non-governmental organization ...
Tarun Khanna (born; 1968) is an Indian-born American academic, author, and an economic strategist.He is currently the Jorge Paulo Lemann professor at Harvard Business School; where he is a member of the strategy group, and the director of Harvard University’s South Asia initiative since 2010.
Unitus Labs a successor of Unitus Inc., is a non-profit microcredit organization that worked to provide credit lines to aid in development, especially in India. It was heavily involved with SKS Microfinance. It was originally organized in 2001, and is based in Seattle, Washington with office in Bengaluru, India. [1]
The Reserve Bank of India has set a cap on the lending rate of microfinance institutions at 26 per cent per year and a margin cap of 12 per cent over their cost of funds. Currently, the network member organizations consist of 55 [3] of the leading non-banking financial companies and microfinance institutions, whose combined businesses ...