Demonetisation: RBI gives borrowers additional 60 days to repay loans after cash crunch
As a relief to the small borrowers, the RBI has said that banks, NBFCs, housing finance companies, NBFC (MFI) and other entities regulated by it are given additional 60 days time before classifying a loan account sub-standard.
Nov 21, 2016, 18:57 PM IST
Loans to small businesses may double to Rs 1lakh cr: Jaitley
Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.
Jun 12, 2015, 20:34 PM IST
MFIs seek more credit flow from banks
Leading micro-finance institutions (MFIs) operating out of West Bengal have sought an increase in credit flow from banks, the only source of finance for these entities.
May 20, 2015, 16:42 PM IST
MUDRA to provide loans up to Rs 10 lakhs to small businesses
The Micro Units Development and Refinance Agency Ltd (MUDRA) will focus on the 5.75 crore self-employed who use funds of Rs 11 lakh crore and provide jobs to 12 crore people, he said.
Apr 08, 2015, 16:09 PM IST
PM Narendra Modi launches Rs 20,000 crore MUDRA Bank
Prime Minister Narendra Modi on Wednesday launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).
Apr 08, 2015, 09:46 AM IST
