What does it mean to be a farmer in Kurnool (a district in Andhra Pradesh)? One part of the district grows commercial crops such as sunflower and tobacco while another supports nothing but paddy (the Telugu-Ganga Canal influences the soil in way that only paddy can be grown here).
Over the last few years, microfinance has attracted a large number of equity and debt investors.
Fitch Ratings has recently issued a report on Indian microfinance securitisations, which has drawn a conclusion that the rating of securitisation transactions must be linked to the rating of the servicer with a suggested cap of 7 notches on the difference between the highest rated tranche and the rating of the servicer.
Though India has deep financial infrastructure comprising a large number of bank and post-office branches; agricultural cooperative societies; and, now, micro finance institutions; there still remain gaps that have prevented us from leveraging the full potential of this financial infrastructure.
Gram panchayats in India are independent, constitutional bodies of governance that operate at the level closest to the people or the grass-roots.
Puneet Gupta is restless and visibly excited. The last ten days have been the culmination of many days’ efforts in creating access to finance to deserving high quality Microfinance Institutions (MFIs).
The financial sector crisis in Andhra Pradesh seems to be playing out like a very bad dream that doesn’t end.
In what could become a welcome trend, the RBI has started putting out detailed discussion notes on future policy steps.
With an objective to provide a long term savings option to its customers, KGFS has added NPS-Lite (New Pension Scheme) to its product portfolio.
IFMR Capital has been assigned a long-term-rating of LA- (pronounced L A minus) for its debt programmes by ICRA. The rating, which has been assigned a ‘Stable outlook’, comes at a time when the microfinance sector is clouded by regulatory and political risk. The ratings are the amongst highest long term ratings available to any […]
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