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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…
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
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…
NBFCs NPA ratio jumps to 6.1 pc: RBI
Mumbai, Dec 24 () The non-banking financial company (NBFC) sector, which has been affected by a ser…
PTI
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
Fitch makes a case for ending lockdown — says stimulus isn't enough to save the financial sector
"Both are fairly significant in size and will help to support the more vulnerable borrower segme…
PTI
NBFCs hail RBI's additional liquidity support move to tide through Covid crisis
"It (TLTRO) is a very-very favourable decision. Now, they (RBI) have specifically allotted (liquidi…
PTI
Tata, Nilekani promoted Avanti Finance to soon raise USD 30-40 mn
Avanti Finance is present in 25 districts across seven states (Bihar, Jharkhand, Karnataka, Mahara…
PTI
Govt-backed credit guarantee needed to ensure banks overcome risk averseness while lending: CII
"In this hour of need, NBFC and MFI sector has the ability to ensure smooth and continuous flow of…
PTI
Fitch Solutions says RBI may cut interest rates by 75 bps by March 2021
RBI also relaxed the 90-day non-performing asset (NPA) classification norms for accounts being gra…
PTI
FM to meet PSU bank chiefs on Monday; to review credit flow
"PSBs complemented RBI on loan moratorium. Their effective communication & proactive actions e…