Micro-finance Institutions Current Affairs, GK & News
Manoj Kumar Nambiar Managing Director of Arohan Financial Services has been elected as new chairman of Microfinance Institutions Network (MFIN). He was elected at 6th annual general meeting of MFIN. Highlights Nambiar is also a director on boards of IntelleCash Microfinance Network Company. He will be replacing Ujjivan Financial Services CEO and MD Samit Ghosh. ..
Month: Current Affairs - July, 2019
Category: Awards, Persons & Places in News
The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..
Topics: Cash Reserve Ratio • CRR • FDI • Foreign direct investment • Local Area Banks • Micro-finance Institutions • NBFC • On Tap Licence • Priority sector lending • RBI • Reserve Bank of India • SLR • Small Finance Banks • Statutory liquidity ratio
Mudra Bank has a number of roles and responsibilities. Apart from the primary responsibility to finance the Non – Corporate Small Business Sector (NCSBS), it also has to refinance the MFI’s; setting down policies and guidelines for MFIs, and regulating and rating MFIs. Thus, in the form of MUDRA, we have one institution that is ..
Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out with a legislation to convert the NBFC into a bank. The aim MUDRA is to ..