MFIN honoured with ET Best BFSI Brands 2016 award

Chandigarh, June 20, 2016: Microfinance Institutions Network (MFIN), the premier industry association and Self-Regulatory Organization (SRO) for the microfinance industry in India has been honored with The Economic Times-Best BFSI Brands 2016 award for its pioneering contribution in microfinance industry. The awards honor companies in banking and financial services industry for their initiatives and innovative practices in the sector.

Speaking about the honour Ratna Vishwanathan, CEO, MFIN said, “This is recognition for the entire industry as MFIN is a representative of industry and this is a measure of recognition of the good work that has been done over the past many years post the crisis. As an industry we have been striving hard to better systems and processes, started communicating in a more engaged and focused manner with external stakeholders and demonstrated that an SRO funded by industry can be effective. The Board has played a very important role by providing steer in driving this process. We look forward to another year where we will continue to strive for excellence”.

The ceremony witnessed the gathering of members from the entire banking and finance industry. The awards were announced under six different categories including banking, asset management, broking, life insurance, general insurance and microfinance. The chief guest for the event was Amitabh Kant, CEO Niti Aayog. The felicitation was done by Mr. Kant and the Honorable Deputy Chief Minister of Delhi Mr. Manish Sisodia.

Non-banking financial company - micro finance institutions (NBFC-MFIs) have continuously worked towards ensuring access to easy finance to the needy customer in a responsible and inclusive way. Microfinance Institutions Network (MFIN), the premier industry association and Self-Regulatory Organisation (SRO) for the microfinance industry in India works towards ensuring fulfilling of these twin responsibilities of client protection and responsible lending by its member NBFC-MFIs.