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

1. VCCircle: Mi India Appoints Krishnamurthy Vijayan As Co-Chairman

Mi India, a group of entities aiming to create an Indian equity fund for investing in microfinance institutions and social enterprises, has appointed Krishnamurthy Vijayan as co-chairman who will sit on the company’s board. (Read More) News Published by: VC Circle

2. ET: YES Bank profit jumps 38%, driven by NII rise & NPA fall

Private lender YES Bank on Thursday reported 38% year-on-year growth in net profit for the quarter-ended June, driven by a healthy rise in net interest income (NII) and sharp fall in bad loan provisioning. (Read More) News Published by: The Economic Times

3. BD: Mobile banking ‘slow in Africa’

Monile payments in developing markets including Africa are growing slower than expected despite favourable conditions such as the high penetration of mobile devices and citizens’ low access to general banking services , global research firm Gartner said yesterday. (Read More) News Published by: Business Day

4. ET: ICICI Lombard, Star Health & NIA bid for insurance scheme for poor

Three general insurance companies - ICICI Lombard, Star Health Insurance and New India Assurance - have bid for a lucrative Maharashtra government health insurance scheme for poor, a scheme the general insurance council (GIC) said companies should 'desist' from because of a 'refund' clause. (Read More) News Published by: The Economic Times

5. EB: Check pilferage of money in schemes for poor

Uttar Pradesh Chief Minister Mayawati had no option but to order CBI inquiries into the murder of B P Singh and Vinod Arya, chief medical officers (CMOs) of Lucknow, the mysterious death in jail of a deputy CMO Y S Sachan and the swindling of huge sums of money transferred to the state under the National Rural Health Mission. (Read More) News Published by: Express Buzz

6. WP: The IdeasLab: Where Big ideas meet big problems

The World Economic Forum has an IdeasLab, where academic leaders gather to discover solutions to the world’s long-standing and emerging problems in health, the environment and energy resources. (Read More) News Published by: Washington Post

7. BVI: CDB to establish catastrophe risk fund; UK to donate $1.6M

The Caribbean Development Bank (CDB) is to establish a multi-donor trust fund to support the establishment of a micro-insurance catastrophe risk facility, which aims to provide parametric insurance to protect micro-credit borrowers in Haiti against losses resulting from natural disasters. (Read More) News Published by: BVI News

8. MicroCapital: Proposals Sought by African, Caribbean and Pacific Group of States (ACP), European Union’s Microfinance Framework Programme

The African, Caribbean and Pacific Group of States (ACP) and the European Union’s Microfinance Framework Programme (ACP/EU Microfinance Programme), an initiative that supports the dissemination of good practices in microfinance, recently announced a call for proposals to fund projects aiming at providing financial access to poor and vulnerable populations in ACP member states. (Read More) News Published by: MicroCapital

9. GBN: Africa facing increased inequality in sanitation coverage – WaterAid

An international development organisation, WaterAid, has alerted that Africa is facing increasing inequality in access to one of the continent’s most basic services, sanitation and action needs to be taken urgently. (Read More) News Published by: Ghana Business News

10. WaterWorld: Waterless toilets: a silver bullet for the sanitation crisis?

A total of $42 million will be invested into sanitation improvements across Africa in a bid to produce energy, fertilizer and fresh water from waste. (Read More) News Published by: WaterWorld