Microfinance Current Affairs - 2020

RBI cuts Reverse Repo rate to 3.75%, Rs 50,000 crores for LTRO 2.0

On April 17, 2020, the Reserve Bank of India announced a slew of measures after GoI extended the lock down till May 3, 3030. The Apex bank cut the reverse repo rate to 3.75%. It cut the repo rate to 4.4% from 5.15%. Also, the central bank has announced Rs 50,000 crore for Long Term Read More…

EKAM Fest: Event to Promote craftsmanship and products of Divyang entrepreneurs

A week-long festival called “EKAM FEST” was organized to promote the products of Divyang artisans and entrepreneurs. More than 80 Divyang entrepreneurs and artisans participated in the event. Highlights The event focuses to promote knowledge and entrepreneurship of Divyang Community. It also aims to market their opportunities. The event was organized by NHFDC (National Handicapped Read More…

Prof Muhammad Yunus conferred Lamp of Peace of Saint Francis  award by Vatican

Vatican awarded Bangladesh’s Nobel Laureate Prof Muhammad Yunus prestigious ‘Lamp of Peace of Saint Francis ‘ award for his contribution towards establishing peace and harmony. Prof Muhammad Yunus He is Bangladeshi social entrepreneur, banker, economist, and civil society leader. He was awarded the Nobel Peace Prize (2008) for founding Grameen Bank and pioneering concepts of Read More…

 Induslnd Bank- BFIL merger to be effective from July

The merger of Induslnd Bank and Bharat Financial Inclusion Ltd (BFIL) will be effective from 4 July 2019. This decision to file National Company Law Tribunal (NCLT) Order on 4 July, by lender IndusInd , BFIL and IFIL with Registrar of Companies was taken by the boards of IndusInd and BFIL. Key Highlights Background: In Read More…