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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 ...
In 2006, Bandhan acquired a Non-Banking Financial Company (NBFC) and created Bandhan Financial Services Private Limited (BFSPL) to scale up its microfinance activities. In 2010, it became the largest microfinance institution (MFI) in the country. [3] In April 2014, Bandhan received an in-principle approval from the Reserve Bank of India (RBI). [4]
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 ...
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 ...
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 ...
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.
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 ...
Microfinance and refinance. Micro Units Development and Refinance Agency Bank (or MUDRA Bank) [ 1]) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April ...