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Reserve Bank of India to Hike Limits for Priority Sector Lending, Allow Inter-Bank Bond Investments
Indian banking regulator has proposed to hike the eligibility criteria to classify a loan as priority sector lending (PSL) which is expected to particularly boost microfinance institutions (MFIs) in the country.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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10 Impact Investors in India That You Should Know
Out of the total 1.3 billion population in India, around 80 per cent are living in poverty. There are some companies in India — both in the tech and no-tech segments — helping this large segment to address various problems related to irrigation, lending, travel, education, etc., by providing cost-effective solutions. These impact ventures are getting financial assistance in the form of grants or funds from various investment firms, called Impact investors.
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- Uncategorized
- Region
- South Asia
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Could Your Facebook Profile Get You a Mortgage?
In the developing world, using people's social graph to determine creditworthiness is opening up billions of new people to the benefits of credit—and a chance at the middle class.
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- Uncategorized
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Weekly Roundup – Blurred Lines in Social Enterprise: All fine or time to worry?
The Kennedy School, more associated with global diplomacy and international policy than business development, says creating a social enterprise incubator will help aspiring student social entrepreneurs with academic and financial support. Another example of multiple worlds blending, is the recent announcement that CARE USA CEO Dr. Helene Gayle will be the first chief executive of the newly-formed McKinsey Social Initiative, a nonprofit consultancy.
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Calling All Innovations in Financial Capability: A new FI2020 project needs to hear about you
The Center for Financial Inclusion is investigating innovations that help customers gain greater financial capability. If you’ve seen or been associated with any new or new use of a delivery mechanism, product design, program idea or process that might fit the bill, CFI wants to hear from you.
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- Uncategorized
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Kenyan Startups Tackle Expensive Remittances Through Bitcoin
It’s been declared dead countless times in the West, but in Kenya's start-up scene Bitcoin is all the rage. Kenyan companies have been attracting funding lately to build cheap Bitcoin-based remittance services that some think could give Western Union a run for its money, though others say it’s still got a long way to go.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- remittances
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Indian Prime Minister Modi Asks Reserve Bank to Prepare 20-Year Financial Inclusion Roadmap
Prime Minister Narendra Modi on Thursday asked the Reserve Bank of India to prepare a 20-year roadmap for deepening financial inclusion in the country.
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- Uncategorized
- Region
- South Asia
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FICO to Announce New Credit Scoring Formula for High-Risk Consumers in the U.S.
FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers' payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.
- Categories
- Uncategorized
- Tags
- credit scoring, lending
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