Posts Tagged ‘Reserve Bank of India’

By Matthew Fuchs Microfinance Focus, Nov. 18, 2009: Umbrella organsiations at the state-level would help make Urban Cooperative Banks (UCB) sector "strong and vibrant", said a report published by the Reserve Bank of India (RBI) on Tuesday. The report presents the findings of a Working Group formed by the RBI in July 2008 to determine whether there is a need for State-level umbrella organisations for UCBs, ... Full story

Microfinance Focus, Sept. 15, 2009: Kolkata-based Bandhan microfinance has raised a Rs 250-crore ($51 million) credit from the Small Industries Development Bank of India (SIDBI) Full story

By Naagesh, N. Microfinance Focus, Sept. 11, 2009: Chetna Gala-Sinha, founder and chairperson of Mann Deshi Women's bank, was conferred on Friday the first Amodini Award, instituted under the Godfrey Phillips Bravery Awards category, for her extensive work in empowering women through microfinance in rural Maharashtra. Chetna was presented the award along with other recipients of bravery awards at a function in New Delhi. The Amodni award comprises a cash award of INR 100,000 ($2,000) and a certificate. Full story