You Searched For "MFIs" and got 20 results
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3 mins read
1 in 2 micro loans are being rejected since April, thanks to RBI's new microfinance framework
One out of every two applications for small loans have been rejected ever since the Indian central …
2 mins read
RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's
On Friday, the RBI said it will conduct second tranche of targeted long-term repo operation (TL…
PTI
2 mins read
Govt allows banks to buy securities of low-rated NBFCs under PCGS 2.0
The government has also relaxed the net profit criteria under the scheme. Henceforth the entities w…
PTI
1 min read
Microfinance industry growth slows to 24.22 pc in Q3
As on December 31, 2019, the industry served 5.64 crore unique borrowers through 10.11 crore loan …
PTI
1 min read
RBI to conduct first auction under TLTRO 2.0 for Rs 25,000 cr on Apr 23
Investments made under this facility will be classified as held to maturity (HTM) even in excess of…
PTI
1 min read
Sidbi signs pact with urban affairs ministry for implementation of PM SVANidhi
PM SVANidhi is a central scheme fully funded by the ministry with the objective to facilitate work…
PTI
2 mins read
Small, medium enterprises should act prudently, avoid over-leveraging: SBI chief
"In these uncertain situations, all businesses will need more working capital funds, which the ban…
PTI
3 mins read
FM Nirmala Sitharaman to meet PSU bank chiefs on May 11 to review credit flow
The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and al…
PTI
2 mins read
FM to meet PSU bank chiefs on Monday; to review credit flow
"PSBs complemented RBI on loan moratorium. Their effective communication & proactive actions e…
PTI
3 mins read
RBI comes to NBFCs' rescue; boosts cash availability, eases bad loan norms
Under RBI's prudential framework of resolution of stressed assets dated June 7, 2019, in the case …
PTI
3 mins read
OPINION: How new age NBFCs are changing the small ticket business loan landscape in India
As of March 2021, India’s total lending market size stood at ₹156.9 lakh crore, recording around 10…
2 mins read
India is giving out free visas for half a million tourists
Besides this, the union government has also announced financial support to more than 11,000 …
1 min read
RBI receives Rs 12,850-cr bids for TLTRO 2.0
Mumbai, Apr 23 () The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bi…
PTI
1 min read
RBI receives 12,850 cr bids for TLTRO 2.0
"The total bids that were received amounted to Rs 12,850 crore, implying a bid to cover ratio (i.e…
PTI
2 mins read
Moratorium: 10 pc provisioning may shave Rs 35,000 cr off bank profits
After pumping in almost 3.2 per cent of GDP worth liquidity into the system since the February 6 m…
PTI
2 mins read
Modi govt committed to reviving economy, help MSMEs: Amit Shah
Shah's comments came soon after Finance Minister Nirmala Sitharaman announced Rs 3 lakh crore of c…
PTI
2 mins read
RBI unveils measures to boost liquidity in financial system during Covid-19 crisis
Emphasising that the RBI has moved in a calibrated fashion to ensure conducive financial condition…
PTI
1 min read
Nabard sanctions Rs 1,500 cr for Punjab to ensure credit flow to farmers
This is part of Nabard's Rs 25,000 crore nationwide special liquidity facility (SLF), which has be…
PTI
1 min read
Nabard disburses Rs 12,767cr to state coop banks, RRBs for onlending
"An amount of Rs 12,767 crore has been disbursed this week to StCBs and RRBs across the country in…
PTI
3 mins read
Banks get 45 days breather to invest TLTRO 2.0 funds
Giving 45 days to use the funds, the RBI in an FAQ on Tuesday said, "based on the feedback from ban…