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Agents Beat Mobile? Intriguing Research from MIX on Alternative Delivery Channels in Banking
Many financial service providers look to technology to enable new means of distribution and achieve universal access, but agent banking remains the most commonly deployed alternative delivery channel today – and arguably the most effective. To achieve scale, the authors say, providers should analyze each channel and develop the right strategies for their desired business and social outcomes. A webinar set for Thursday is designed to help.
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IMF Brings Down India Forecast Post-Demonetisation
IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that had been announced a little bit unexpectedly, actually."
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- Region
- South Asia
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India’s Note Ban Shrinks Microfinance Securitisation by 79% in Second Half of FY17
The impact of demonetisation on microfinance securitisation volumes has led to a slump of 79 per cent in the second half of FY17′. “The decline is to the tune of 79 per cent in the second half of the FY17′ at Rs 1,650 crore compared to Rs 8,000 crore in the six months of the previous year,” ICRA Head–Structured Finance, Vibhor Mittal told PTI.
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- Uncategorized
- Region
- South Asia
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Two new MFIs raise hopes for Indian sector amid repayment trouble
Microfinance companies may be in the hot seat after demonetisation-led non-repayment of loans and Uttar Pradesh government's farm loan waiver announcement, but there are people who are still keen to put money in a market where borrowers in general take joint liability to repay loans.
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- Agriculture
- Region
- South Asia
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Special Investigation Team to Probe Allegations of Misconduct Against Indian Microfinance Institutions
Government on Wednesday announced that a four-member Special Investigation Team (SIT) will probe allegations of misconduct against micro-finance institutions.
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- Uncategorized
- Region
- South Asia
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Ford Foundation Sends Message to Those Still on Impact Investing Fence: A Q&A with Darren Walker
Earlier this month, Ford Foundation President Darren Walker announced the 81-year-old organization is putting "our money where our mouth is" and investing $1 billion over the next 10 years in affordable housing and financial services for people in developing countries. In this email Q&A, Walker talks about why the foundation made the shift and the signals he hopes it sends.
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- Investing
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Cambodian MFIs Predict Lower Earnings in Response to Rate Cap
With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits this year as the new lending reality takes hold.
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- Uncategorized
- Region
- South Asia
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Application period for the European Microfinance Award 2017 on Microfinance for Housing now open
The European Microfinance Award is a prestigious €100,000 award which attracts applications from financial institutions around the world that are innovating in a particular area of financial inclusion. Presented annually, it serves two parallel goals: rewarding excellence, and collecting and disseminating the most relevant practices for replication by others.
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- Finance
- Region
- Europe & Eurasia
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