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Non-bank microfinance companies expect level playing field with banks and small finance banks


Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed changes under the ‘consultative document on regulation of microfinance’ released by the RBI take shape.
With no caps on interest rate spreads, no restriction on number of lenders approaching a borrower, no end use restriction of credit and a simplified cost structure, NBFC-MFIs could explore differential rates for borrowers based on risk assessment and take the competition to banks and small finance banks which together constitute around 60 per cent of the micro credit outstanding. ....

Alok Misra , Nitin Chugh , Village Financial Services , Ujjivan Small Finance Bank , Reserve Bank , Kuldip Maity , Village Financial , Ujjivan Small Finance , அலோக் மிஸ்ரா , நிடின் சக் , கிராமம் நிதி சேவைகள் , உஜ்ஜீவன் சிறிய நிதி வங்கி , இருப்பு வங்கி , குல்திப் மாதி , கிராமம் நிதி , உஜ்ஜீவன் சிறிய நிதி ,

Board of IDFC approves change in directorate


At meeting held on 25 May 2021The Board of IDFC at its meeting held on 25 May 2021 transacted the following -
Change in Designation of Vinod Rai (DIN: 00041867) from Independent Non]Executive Director to Non]Independent Non]Executive Director with immediate effect up to 22 May 2023, subject to approval
of the shareholders of the Company and other applicable statutory/ regulatory approvals.
Appointment of Dr. Jaimini Bhagwati (DIN: 07274047) as an Additional Director in the category of Independent Director for a period of 3 (Three) years with immediate effect, subject to approval of the shareholders of the Company and other applicable statutory/ regulatory approvals.
Appointment of Anil Singhvi (DIN: 00239589) as an Additional Director in the category of Independent Director for a period of 3 (Three) years with immediate effect, subject to approval of the shareholders of the Company and other applicable statutory/ regulatory approvals. ....

Vinod Rai , Executive Director , Jaimini Bhagwati , Additional Director , Independent Director , Anil Singhvi , Capital Market , Idfc First Bank , Infrastructure Development Finance Company , Economy Of India , Village Financial Services , Orporate Financial Services Nec , Oard Of Idfc , Executive Director , Vinod Rai , Director Fora Period , Additional Director , வினோத் ராய் , நிர்வாகி இயக்குனர் , ஜைமினி பகவதி , சுயாதீனமான இயக்குனர் , அனில் சிங்வி , மூலதனம் சந்தை , இதிப்க் முதல் வங்கி ,