On August 03, 2012, RBI came out with its ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions – Modifications’1 via which RBI has made changes to Directions issued on December 02, 2011 in light of representations received by it from NBFCs functioning in the microfinance sector.

In a first of its kind large scale partial guarantee program for microfinance institutions in India, Asian Development Bank (“ADB”) has provided partial credit guarantee to loans to Microfinance Institutions (MFIs) in India.

This is the second post in our blog series on Long Term Debt Markets in the Indian context.

As part of the Consumer Protection series, below is the concluding part of the three-part interview with Kate McKee of CGAP.

Below is the second part of the three part interview with Kate McKee of CGAP. The interview is part of our Consumer Protection series.

As part of our series on consumer protection, we seek to present views of leading experts in the field. Here, in this three-part series, Deepti George of IFMR Finance Foundation interviews Kate McKee of CGAP.

This post marks the beginning of our new blog series on Long Term Debt Markets in the Indian context. In this series we will explore current status of the Indian debt market, importance and issues in relation to these markets, profile select developed debt markets and identify key learnings for the Indian debt market.  

On 2nd July, 2012, Reserve Bank of India (RBI) came out with Master Circulars on various topics containing directions to the banks. Among these was also the Master Circular on Priority Sector Lending, containing directions to banks, including Scheduled Commercial Banks and Regional Rural Banks.

IFMR Capital strives to build small business loans as a mainstream asset class in the capital markets and therefore partner with innovative financial institutions that extend financing to this financially excluded segment.