Dr. P.V. Viswanath |
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A structured finance approach to microfinanceby Dr. Kshama Fernandes, IFMR Capital |
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Click here to read the article. Note: A Non Banking Financial Company (NBFC) in India is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase, insurance business, or ROSCA. An increasing number of microfinance institutions (MFIs) are seeking non-banking finance company (NBFC) status from the Reserve Bank of India (the Indian central bank) to get wide access to funding, including bank finance. Generally, they are not allowed to take deposits from the general public and have to find other means of funding their operations such as issuing debt instruments (information adapted from Wikipedia) |
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