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Central Bankers Shouldn't Fret Over Mobile Money
June, 30 2015
Global - A little more than a year ago, the Gates Foundation commissioned the University of Oxford to look at the question of how mobile money affects monetary policy. This is an important question for policymakers and one that has emerged as a fear from time to time in the central banker community ...
Three Thai Banks Join IFC's Microfinance Push in Cambodia
June, 30 2015
Cambodia - The syndication to PRASAC Microfinance Institution Ltd, the country's biggest microfinance provider, comprises $20 million each from Thai banks - Kiatnakin Bank, Siam Commercial Bank, and TMB Bank, and $5 million from ING Bank NV ...
India: SKS Microfinance Rides on Microcredit Resurgence
June, 28 2015
India - In the past 18 months, SKS Microfinance Ltd shares have gained 140%—more than thrice as much as the BSE 200 index. The clear trigger for this rise is the turnaround in the microfinance firm’s business: its Andhra Pradesh portfolio, the centre of the 2012 crisis, has been written off entirely and return on assets was in excess of 5% ...
SIDBI Sets Up Rs 1000 Crore ‘Make in India’ Fund for MSMEs
June, 22 2015
India - Keeping in with the spirit of 'Make in India' drive of GOI, the Small Industries Development Bank of India SIDBI has set up a Rs 1000 crore 'Make in India' fund for MSMEs. "The objective is to make our MSMEs world class manufacturing hub. Under the fund, concessional finance will be provided to the identified MSME sectors", bank added ...
Seven Customer Risks That Need Attention Now
June, 19 2015
Global - CGAP’s latest Focus Note, Doing Digital Finance Right: The Case for Stronger Mitigation of Customer Risks, reveals new evidence on customers’ perceptions and experiences with risks, and the ways these risks harm their trust, uptake, and use of the services ...
India: New Banks - Raising Low-cost Deposits Will Be a Challenge
June, 18 2015
India - MFIs currently depend on banks for their funding needs, which is an expensive option. Banks lend at 12-13 per cent interest to MFIs, which in turn lend at over 20 per cent to their clients. So, if Bandhan has to lower its lending rate and compete with banks, it will have to quickly ramp up its low-cost retail deposit base. ...
The Next Fintech Sandbox
June, 16 2015
Global - Innovative as they are, financial solutions often overlook a key market: the 2 billion people worldwide who don’t have credit cards or bank accounts or don’t have ways to get them. What would the fintech landscape look like if the unbanked had access to these and other financial services?
Where Does Bitcoin Fit?
June, 14 2015
Global - Innovation and disruption are well and good, but without practical insertion of innovation into an existing industry or technology there is no value ...
India: SAIJA–IDBI–MUDRA Ink Deal; Help Make PM's Dream of MUDRA Cards for Microfinance Clients a Reality
June, 10 2015
India - Bihar-based microfinance company, SAIJA Finance set a milestone once again in the sector as it entered into an MoU with IDBI Bank and MUDRA to distribute the ambitious and game-changing scheme of the Prime Minister to provide low cost funds to meet the working capital needs of micro entrepreneurs, freeing them from very high interest rates charged by local money lenders, which pushes small businesses into debt traps ...
India: Profit From a Cause
June, 07 2015
India - Making and selling portable toilets? Investors wrinkled their noses when Rajeev Kher, Managing Director of Pune-based Saraplast Pvt Ltd, first sought funds from them in 1999. ...
Can China’s Financial System Become More Inclusive?
June, 03 2015
China - It is not clear that the recent push to make finance truly inclusive is a break with past policies that have had limited success. For one, banks often try to refrain from lending to underfunded groups since they are higher credit risks ...