All posts tagged "microfinance"
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341Asia-PacificHuman Rights Abuses Prompt Review of Cambodian Microloans
Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.
May 8, 2022 -
320IndiaRBI Issues New Guidelines on the Provision of Microfinance Loans
The RBI is lifting the interest rate ceiling on microfinance loans, but says it will continue to check that lenders do not charge "usurious" rates.
March 23, 2022 -
631Asia-PacificCambodia Launches New Code of Conduct for Banking & Finance
Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
March 9, 2022 -
614Asia-Pacific
NBC Requiring Lenders to Recognise & Provision Against NPLs
As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.
February 8, 2022 -
492Capital RegulationPhilippine SEC Reveals Establishment of Five ‘Bad Bank’ Entities
Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
January 27, 2022 -
234KoreaFSC Korea to Launch New Initiative to Boost Microfinance
The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.
October 27, 2021 -
288KoreaKorea to Introduce 40-Year Mortgages from 1 July
Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.
June 24, 2021 -
190KoreaKorea to Require Lenders to Pay Into Microfinance Support Fund
Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.
June 11, 2021 -
283ChinaCBIRC Fines Four Banks for Property Lending Breaches
Postal Savings Bank of China, China Merchants Bank, China Guangfa Bank and Shanghai Pudong Development Bank were fined a combined CNY 5.3 million.
June 10, 2021 -
231ChinaShenzhen, Guangzhou Order Microfinance Firms to Halt Property Lending
Financial authorities in Guangzhou and Shenzhen have ordered microfinance companies to stop providing credit for estate assets and investments.
June 5, 2021
