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India’s Microfinance Industry To Self-Regulate With Code For Responsible Lending
Manoj Nambiar, Chairperson, MFIN, said: “This is a significant self-regulatory step across all RBI-regulated entities and others that aims at safeguarding the interests of low-income customers through enhancing transparency and compliance."
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance, regulations
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Arohan in Talks With Sovereign Wealth Funds, PEs to Raise $200M
Arohan plans to complete the fundraise in the next few months, and is in discussions with sovereign wealth funds.
- Categories
- Investing
- Region
- South Asia
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Impact Tech Venture OpenSC Raises $4 Million in Seed Funding
OpenSC, an impact venture developed in partnership by the World Wide Fund for Nature Australia (WWF-Australia) and BCG Digital Ventures (BCGDV), the global corporate venture, investment, and incubation arm of Boston Consulting Group, today announced that OpenSC has raised $4 million in seed funding from strategic impact investors.
- Source
- Press Release
- Categories
- Environment, Investing
- Region
- South Asia
- Tags
- supply chains
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Viewpoint: How Easy Is It to Do Business in India, After All?
To achieve its ambition of becoming a $5 trillion economy by 2024-25 and doubling that in the next eight years, India certainly needs to claw its way further up the rankings.
- Region
- South Asia
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World’s First Blockchain Smartphone to Become Available in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country.
- Categories
- Technology, Telecommunications
- Region
- South Asia
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India Post Payments Bank Rolls out Aadhaar-Enabled Payment Services
With AePS services, any person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.
- Categories
- Finance
- Region
- South Asia
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India’s Mobile Payments Firm MobiKwik Reaches Rare Key Profit Milestone
The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation and amortization.
- Categories
- Finance
- Region
- South Asia
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Xiaomi Banks on Phone Data for Finance Play in India
The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a key long-term profit centre.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance
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