Microfinance Media Buzz: July 19, 2011

Microfinance Media buzz brings a compilation of industry headlines broadcasted by other news media from across the world.


1. MC: SC gives SKS Micro 2 wks to amend affidavit against AP Act

The Supreme Court today directed SKS Microfinance , which has challenged the special act passed by the Andhra Pradesh government to regulate micro-finance institutions in the state, to amend its affidavit. (Read More) News Published by: Money Control


2. EN: IFC invests $1m to establish Côte d'Ivoire microfinance institution

The International Finance Corporation (IFC) said on Monday that it would invest $1-million to help establish a microfinance institution that would support the growth of smaller businesses in Côte d'Ivoire, as the country rebuilds its economy following political unrest. (Read More) News Published by: Creamer Media's Engineering News


3. AA:  Islamic Banking - Time for Policy Discourse, Please

Tons of written and verbal commentaries on the new (old) CBN's policy initiative on Islamic Banking could very well fill a banking hall of a bank yet to be licensed. (Read More) New Published by: All Africa


4. 24: Cases of suicide among loan debtors become more frequent after April and June events in Kyrgyzstan

“Cases of suicide among loan debtors become more frequent after April and June events in Kyrgyzstan,” the lawyer of the human right committee “For the people” Nurgul Useinova stated at the press conference today. (Read More) News Published by: 24 Press Club


5. BW: Applications for MBOs hit 800 as of June

Banks have continued to take advantage of the Bangko Sentral ng Pilipinas’ (BSP) move to ease bank branching, lodging 800 applications for micro-banking offices (MBOs) with the central bank. (Read More) News Published by: Business World Online


6. bdnews24: Yunus worried at media 'vilification'

Former managing director of Grameen Bank Muhammad Yunus has said he is disappointed and worried by the 'vilification' in the (Bangladesh) media. (Read More) News Published by: bdnews24.com


7. ToI: Nabard help for 4.32L self-help groups

The National Bank for Agriculture and Rural Development (Nabard) has plans to support 4.32 lakh self-help groups (SHGs) in Jharkhand and provide financial assistance of more than Rs 6,551 crore to farmers. (Read More) News Published by: The Times of India


8. AA: Govt Gets $50 Million to Push Pension Sector Reforms

The World Bank has approved a US$50 million policy loan for Uganda to help build a more efficient, robust and deeper financial sector which can support broad-based private sector growth. (Read More) News Published by: All Africa


9. Mint: Ramesh plans bank for women SHGs

To promote self-employment among people living below poverty line (BPL), particularly women, the rural development ministry proposes to set up a dedicated national bank for women self-help groups (SHGs) and also lower the interest rate on the credit they receive from any nationalized bank. (Read More) News Published by : Live Mint


10. IE: PMC relaxes rules for mid-day meal licence

To encourage Self-Help Groups to undertake the task of providing mid-day meals, the Pune Municipal Corporation (PMC) has relaxed the norms for issuing food licences. (Read More) News Published by: Indian Express

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