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Four Asian Banks Get Clearance To Open Branches in India
A senior government official told BloombergQuint the proposals pertained to the banks expanding their operations and opening new branches in India. The government has conveyed to the Reserve Bank of India it has no objection over the same, the official said.
- Region
- South Asia
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Federal Bank looks to acquire Madura Microfinance
The acquisition will help Federal Bank venture into microfinance and grow its priority sector loans.
- Region
- South Asia
- Tags
- microfinance
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Maharashtra has most robotics jobs in India
According to data from global job site Indeed, there has been a rise of 186% in the number of job seekers for robotics profiles between May 2015 and May 2018.
- Categories
- Technology
- Region
- South Asia
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Flipkart Seeking NBFC License; Soon to Venture into Fintech Space
Flipkart is in news again as the e-commerce giant is all set to step its foot in the fintech space with the company now planning to offer credit and insurance products to its customers and sellers.
- Categories
- Finance
- Region
- South Asia
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India’s RBL Bank Completes Ownership of Microfinance Institution (MFI) Swadhaar Finserve with Equity Purchases from Accion, Individual Investors
For an undisclosed prices, RBL bought a 36-percent stake from US-based NGO Accion and a total of 4 percent from a group of unidentified individual investors.
- Region
- South Asia
- Tags
- microfinance, MSMEs
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Olympics 2024 to focus on social business: Muhammad Yunus
“Somehow the sports world showed interest in what we are doing. The opportunity of the Olympics is a great one to use emotions to change perceptions,” Yunus said.
- Region
- South Asia
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Survey: How to Move India’s Small Merchants toward Digital Financial Services
The Center for Inclusive Growth recently collaborated with IFMR LEAD, a prominent Indian research institute, to conduct a five-city survey of 547 micro business owners in India to understand their needs and the challenges they face in adopting digital transactions.
- Categories
- Finance
- Region
- South Asia
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Asian Infrastructure Investment Bank to Pump $200 Million into Indian Infrastructure Fund
“The $200-million investment is in two phases. AIIB will invest $100 million now and another $100 million in the future,” Garg said. Beijing-based AIIB has approved $4.4 billion of investments of which the largest — $1.2 billion — is in India.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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