MicroFinance Institutions Network Current Affairs, GK & News

MFIN and Sa-Dhan launches ‘Code for Responsible Lending’

September 17, 2019

Microfinance Institutions Network (MFIN) and Sa-Dhan along with FIDC (Finance Industry Development Council) have jointly launched the ‘Code for Responsible Lending’ (CRL) for the micro credit industry. The CRL was launched at Sa-Dhan’s 15th Annual National Conference held in New Delhi. Sa-Dhan is Reserve Bank of India (RBI) recognised self-regulatory organisation and industry association for ..

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Manoj Kumar Nambiar elected as new chairman of Microfinance Institutions Network

July 4, 2019

Manoj Kumar Nambiar, MD of Arohan Financial Services (AFS), has been elected as new chairman of Microfinance Institutions Network (MFIN). The MFIN is an industry association consists of 56 NBFC-MFIs (Non Banking Financial Company-Micro Finance Institutions) and 40 associates including Banks, SFBs (Small Finance Banks ) and NBFCs. It is also the Self-Regulatory Organization (SRO) ..

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Manoj Kumar Nambiar elected Chairman of MFIN

July 3, 2019

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. ..

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Cabinet approves Micro Financial Sector (Development and Regulation) Bill, 2011

May 12, 2012

The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the Bill all microfinance institution (MFIs) will now have to be registered with the RBI, which will decide the interest rate that MFIs can charge. Also it would ..

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