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Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
Microfinance
Microfinance
Microfinance lending shows strong growth in 2022, NBFC MFIs dominate the market
Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22…
Bihar surpasses Tamil Nadu to top average borrower loans in the country
The microfinance sector in India continues to grow, with a total outstanding portfolio of ₹337.6 th…
Speedy, small loan market sees Muthoot Microfin make an entry
The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…
India’s microfinance loan portfolio stands at ₹3 lakh crore with 6 crore unique borrowers
The Indian microfinance loan industry today serves 6 crore unique borrowers having 11.8 crore loan …
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
Kotak Mahindra Bank acquires microfinance institution Sonata Finance for ₹537 crore
Kotak Mahindra Bank said on Friday that it has executed a binding share purchase agreement to acqui…
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 …
Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners
Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners
Nobel Peace Laureate Muhammad Yunus says building the rural economy is the key to halt migration
Microfinance institutions should create programmes like venture capital to create entrepreneurs …
PTI
Bandhan Bank shares have gained 54% since lockdown started— but the numbers will reveal the real damage to rural India from COVID-19
So far, the share price reflects some optimism. It’s up over 54% since the lockdown starting Mar…
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
Do away with GST on services by microfinance companies: Industry's Budget wish-list
New Delhi, Jan 9 () Microfinance industry body Sa-Dhan in its wish-list for Budget 2020-21 has urge…
PTI
Exclusive: This Junior Birla’s packing in a Big Punch, meet Ananya Birla
Her Mumbai-based startup was officially launched on March 1, 2013, and offers micro loans at one of…