Yahoo India Finance


This site provides detail information on Yahoo India Finance. Economic renaissance in the 1990s, brought stupendous change in the Indian finance market and its financiers.

Yahoo India Finance a multinational private company which, offers financial service to its customers through host of well networked financial institutions across the nation. Until 1990 the finance market in India was insulated from foreign investors and were thrown open for Foreign Direct Investments or FDI after Indian economic policy amendments. This resulted in growth of Financiers in India, to a new height. Until the 1990s, finance was offered only through Public Sector Banks. Post 1990s, many Financial Institutions were allowed to open their shops in India to offer specialized financial service in India.

Yahoo India Finance offers specialized financial services through a wide array of well networked specialized financial service institutions, like:

  1. Banks, Banking Institutions and Insurance Companies.
  2. Investment Bankers.
  3. Venture Capitalist.
  4. Share Broking Houses.
  5. Stock Exchanges.


Yahoo India Finance offers the following products and services through seamless network of institutions across the country

1. Investment guide:

  • Market digest.
  • Market commentary.
  • Indices.
  • Gainers and Losers.


2. Personal finance guide:
  • Savings
  • Tax
  • Insurance
  • Loan
  • NRI


3. Finance news:
  • Market informations
  • World market informations


4. Messages on specific market:
  • Equities
  • Commodities
  • IPOs
  • Personal finance
  • Insurance
  • Future and Options


Yahoo India Finance also offers instant services for its customers like, daily quote details of opening and closing high and low respectively, of each and every stocks and markets operating in India and world. Details of auctions also indicated in Yahoo India Finance. Yahoo India Finance empowers its users with comprehensive information on other relevant markets, sectors and sub-sectors not only featuring India but also world market covering:

  • Banking Industry
  • Insurance Market
  • WTO, FTA, ASEAN, SAARC etc.
  • Derivative Market
  • Commodity Market
  • Bullion Market
  • Equity Market
  • Debt Market
  • Bond Market
  • Mutual fund industry
  • Micro finance
  • Farmers guide
  • Others.

West Bengal Economy


The Economy of West Bengal has undergone a roller coaster ride since independence. Considering the strong social and cultural heritage of the state, and also its status during the British Rule, West Bengal Economy has not done justice to its own potential. Moreover, the strong political consciousness of tis residents has often been detrimental to its progress and prosperity.

However, West Bengal (WB) has also had a lot of things in its favor. The state has taken significant decisions in terms of economy and infrastructure on numerous occasions.

Agricultural Sector of West Bengal Economy

Agriculture is the chief occupation of the people of West Bengal and much of this is due to the successful implementation of land reforms and the Green Revolution in the state. Majority of the population are farmers and agricultural laborers. Other characteristics of West Bengal are as follows:

  • Rice is the principal food crop of West Bengal. Other food crops include maize, pulses, oil seeds, wheat, barley, potatoes, and vegetables.
  • West Bengal supplies about 66% of the jute requirements of the country and is also a primary exporter of jute.
  • Tea is a vital cash crop grown in the hills of Darjeeling and widely exported.
  • Tobacco and sugarcane are also grown in the state.

Industrial Sector

West Bengal is known for its position among the leading industrialized states of India. Features of this sector are:

  • There are over 10000 registered factories in the state.
  • Calcutta city is a major center for industries including the jute industry.
  • There is also a number of steel plants in the West Bengal Economy.
  • The Central Government has set up a number of industries in the areas of tea, sugar, chemicals, and fertilizers.
  • Manufacturing industries like shoes, medicine and pharmaceuticals, weaving of cotton textiles, spinning and weaving of jute, manufacture of fabricated metal products and structural metal products, and production of ice and ink play a vital role in the economic life of the state.

In the past few years, West Bengal Economy has made remarkable progress towards industrialization. The State Government has patronized a lot of IT and IT Enabled Services industries. As a result, the state has been able to attract a considerable amount of Foreign Direct Investment (FDI) from various national and international sources. The West Bengal Economy is undergoing a renaissance in industrialization.

Top Microfinance Companies in India


Microfinance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas.

These financial services are meant to help them in undertaking economic activities, mitigating vulnerabilities to income shocks, smoothening consumption, increasing savings and supporting self-empowerment. There are a number of microfinance companies in India, which play some pivotal roles to the development of India.

India's microfinance sector is fragmented with more than 3000 microfinance companies (MGIs), NGOs and NGO-MFIs. The top 10 microfinance companies in India are estimated to account for almost 74 per cent of the total loans outstanding. It can be added here that the total loan outstanding of Indian microfinance sector lies between Rs. 160-175 billion. As on March 31, 2009, almost 17 Indian microfinance companies have more Rs. 1 million outstanding loans.

List of Top Microfinance Companies in India


Following are the top 10 Microfinance companies in India:

SKS Microfinance Ltd (SKSMPL)

Name
SKS Microfinance Ltd
Headquarter
Secunderabad, Andhra Pradesh
Legal Status
Pvt. Ltd. Company (NBFC)
Lending Model
JLG
Number of Branches
1,413
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
18,227
Borrowers
(As on September 30, 2008)
2,590,950
Net Worth (Rs. Mn)
(As on September 30, 2008)
2,395
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
23.40
OSS (%)(Apr 1-Sep 30, 2008)
126.49
Current Portfolio (%)
(As on September 30, 2008)
99.14
Debt to Net Worth (Times)
(As on September 30, 2008)
7.37

Spandana Sphoorty Financial Ltd (SSFL)

Name
Spandana Sphoorty Financial Ltd
Headquarter
Hyderabad, Andhra Pradesh
Legal Status
Public Ltd. Company (NBFC)
Lending Model
JLG, Individual
Number of Branches
696
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
11,987
Borrowers
(As on September 30, 2008)
1,668,807
Net Worth (Rs. Mn)
(As on September 30, 2008)
1,225
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
27.43
OSS (%)(Apr 1-Sep 30, 2008)
132.02
Current Portfolio (%)
(As on September 30, 2008)
98.88
Debt to Net Worth (Times)
(As on September 30, 2008)
7.04

Share Microfin Limited (SML)

Name
Share Microfin Limited
Headquarter
Hyderabad, Andhra Pradesh
Legal Status
Public Ltd. Company (NBFC)
Lending Model
JLG, Individual
Number of Branches
666
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
8,568
Borrowers
(As on September 30, 2008)
1,231,556
Net Worth (Rs. Mn)
(As on September 30, 2008)
1,448
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
27.49
OSS (%)(Apr 1-Sep 30, 2008)
152.45
Current Portfolio (%)
(As on September 30, 2008)
99.32
Debt to Net Worth (Times)
(As on September 30, 2008)
5.03

Asmitha Microfin Ltd (AML)

Name
Asmitha Microfin Ltd
Headquarter
Hyderabad, Andhra Pradesh
Legal Status
Public Ltd. Company (NBFC)
Lending Model
JLG
Number of Branches
363
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
4,944
Borrowers
(As on September 30, 2008)
694,350
Net Worth (Rs. Mn)
(As on September 30, 2008)
475
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
17.43
OSS (%)(Apr 1-Sep 30, 2008)
121.04
Current Portfolio (%)
(As on September 30, 2008)
99.80
Debt to Net Worth (Times)
(As on September 30, 2008)
9.92

Shri Kshetra Dharmasthala Rural Development Project (SKDRDP)

Name
Shri Kshetra Dharmasthala Rural Development Project
Headquarter
Dharmasthala, Karnataka
Legal Status
Trust
Lending Model
SHG
Number of Branches
22
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
4,060
Borrowers
(As on September 30, 2008)
612,482
Net Worth (Rs. Mn)
(As on September 30, 2008)
157
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
12.02
OSS (%)(Apr 1-Sep 30, 2008)
100.46
Current Portfolio (%)
(As on September 30, 2008)
99.68
Debt to Net Worth (Times)
(As on September 30, 2008)
29.81

Bhartiya Samruddhi Finance Limited (BSFL)

Name
Bhartiya Samruddhi Finance Limited
Headquarter
Hyderabad, Andhra Pradesh
Legal Status
Public Ltd. Company, (NBFC)
Lending Model
Diversified
Number of Branches
87
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
3,882
Borrowers
(As on September 30, 2008)
457,668
Net Worth (Rs. Mn)
(As on September 30, 2008)
317
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
17.89
OSS (%)(Apr 1-Sep 30, 2008)
108.97
Current Portfolio (%)
(As on September 30, 2008)
99.00
Debt to Net Worth (Times)
(As on September 30, 2008)
11.59

Bandhan

Name
Bandhan
Headquarter
Kolkata, West Bengal
Legal Status
Society
Lending Model
JLG
Number of Branches
385
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
3,389
Borrowers
(As on September 30, 2008)
851,713
Net Worth (Rs. Mn)
(As on September 30, 2008)
435
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
26.32
OSS (%)(Apr 1-Sep 30, 2008)
175.40
Current Portfolio (%)
(As on September 30, 2008)
99.92
Debt to Net Worth (Times)
(As on September 30, 2008)
7.07

Cashpor Micro Credit (CMC)

Name
Cashpor Micro Credit
Headquarter
Varanasi, Uttar Pradesh
Legal Status
Section 25 Company
Lending Model
JLG
Number of Branches
247
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
1,431
Borrowers
(As on September 30, 2008)
303,935
Net Worth (Rs. Mn)
(As on September 30, 2008)
93
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
28.78
OSS (%)(Apr 1-Sep 30, 2008)
109.71
Current Portfolio (%)
(As on September 30, 2008)
98.00
Debt to Net Worth (Times)
(As on September 30, 2008)
14.72

Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)

Name
Grama Vidiyal Micro Finance Pvt Ltd
Headquarter
Tiruchirappalli, Tamil Nadu
Legal Status
Pvt. Ltd. Company (NBFC)
Lending Model
JLG
Number of Branches
126
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
1,316
Borrowers
(As on September 30, 2008)
288,311
Net Worth (Rs. Mn)
(As on September 30, 2008)
231
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
32.46
OSS (%)(Apr 1-Sep 30, 2008)
141.53
Current Portfolio (%)
(As on September 30, 2008)
99.54
Debt to Net Worth (Times)
(As on September 30, 2008)
4.95

Grameen Financial Services Pvt Ltd (GFSPL)

Name
Grameen Financial Services Pvt Ltd
Headquarter
Bangalore, Karnataka
Legal Status
Pvt. Ltd. Company (NBFC)
Lending Model
JLG
Number of Branches
62
Loan Outstanding (Rs. Mn)
(As on September 30, 2008)
1,287
Borrowers
(As on September 30, 2008)
153,453
Net Worth (Rs. Mn)
(As on September 30, 2008)
127
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
18.77
OSS (%)(Apr 1-Sep 30, 2008)
106.41
Current Portfolio (%)
(As on September 30, 2008)
99.98
Debt to Net Worth (Times)
(As on September 30, 2008)
10.51

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