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Economy & Nation Defaults rising in MFI loan book post demonetisation
Post demonetisation, the delinquencies in microfinance institutions (MFI) loan books are rising. Ratings agency ICRA recently downgraded its outlook on two prominent MFIs to negative from stable, mainly due to limited currency supply and disruption in borrower cash flows, which hampered overall the collection efficiency of these lenders
- Categories
- Technology
- Region
- South Asia
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Asian Development Bank and Credit Access Asia Sign $32 Million Deal to Improve Financial Inclusion in Asia
The Asian Development Bank signed a €30 million ($32 million) equity investment agreement with CreditAccess Asia, a holding company headquartered in Amsterdam, that operates microfinance institutions across Asia, currently serving approximately 1.8 million customers, 99.8% of whom are women.
- Categories
- Investing
- Region
- South Asia
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Starbucks Debuts Mobile App In India
To many, it was a disturbing notion: why was Starbucks taking so long to bring its wildly successful mobile app to its fastest-growing market, India? Almost every day that went by made people only wonder more just what was going on. New word says that it’s finally landing, though, and bringing with it many of the same features that made the original great.
- Categories
- Technology
- Region
- South Asia
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Samsung Pay beats Apple and Google to launch mobile payments service in India
Samsung has launched its mobile payments service in India.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Apollo Health to expand network pan-India
Apollo Health & Lifestyle Limited (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise Limited (AHEL) is planning to expand its network across India across verticals.
- Categories
- Health Care
- Region
- South Asia
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Viewpoint: Cambodia’s interest rate cap will hurt rural families
On March 13, the National Bank of Cambodia announced a major new policy. Starting April 1, all microfinance institution operating in Cambodia will be required to lend at interest rates no higher than 18 percent per year. This is a deeply misguided regulation that will undo over a decade’s worth of successful financial policies.
- Categories
- Uncategorized
- Region
- South Asia
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Viewpoint: Cambodia’s interest rate cap will hurt rural families
On March 13, the National Bank of Cambodia announced a major new policy. Starting April 1, all microfinance institution operating in Cambodia will be required to lend at interest rates no higher than 18 percent per year. This is a deeply misguided regulation that will undo over a decade’s worth of successful financial policies.
- Categories
- Uncategorized
- Region
- South Asia
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India has a new biggest telco thanks to $23BN merger
India has a new largest mobile network operator and it's all thanks to a $23 billion merger of two former rivals. The Vodafone Group announced on Monday that it was merging its Indian operations with competitor Idea Cellular to create a new giant in India's telco space, boasting over 400 million customers.
- Categories
- Technology
- Region
- South Asia
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