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Govt's 8 key relief measures to help create jobs, ease burden of borrowers, says India Inc freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
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. ....
Microfinance may get the freedom to bloom indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Higher interest rates for risky borrowers, microfinance to see paradigm shift indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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. ....