Tag Archives: cap

SKS Microfinance Turns Heat on Rivals, Raises Ticket Size to 50K, Interest Rate Down at 19.75%

SKS Microfinance has announced cuts in its interest rates for the fourth time in a year bringing the interest rates on its micro-credit to 19.75%, the lowest in the industry, despite the fact that it was denied the Small Finance Bank status from the RBi. Interest rate of 19.75% is the lowest rate charged by any private sector MFI in ...

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Harsh ATM Regime Begins, More than 5 Times Withdrawal Attracts Rs.20 Extra

Finally, banks have succeeded to get what they want, every 6th withdrawal and above will get them Rs.20 extra from the gullible ATM holders in 6 metros from Saturday, Nov. 1, 2014 onwards, thanks to the Reserve bank of India, which has relented to bankers’ lobby. All bank customers in six metros– Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore– are ...

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