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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…
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 …
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…
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…
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 …
This Social Enterprise Runs A Global Crowd-funding Platform; Eyes $3-5 Million In Series B Funding
Unlike many other ventures in this space, this social enterprise is a for-profit concern, but has n…
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
Govt approves scheme for providing liquidity to non-bank lenders: RBI
Under the special liquidity scheme, the SPV will purchase the short-term papers from eligible non-b…
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…
Government is planning easy loans for rural households
The government is considering the launch of micro-credit programme which would provide easy loans …
India's financial institutions were hit hard by Modi's demonetisation move, but here's why BFSI still managed to sail through
According to Roopank Chaudhary - Associate Partner & Head, McLagan India, there has been a sign…
Micro-finance not doing well at the markets today. Know why
TATA MOTORS: India's largest vehicle maker fell 2.5 percent to 329.50 rupees after group company Ta…
5 ways Raghuram Rajan is revolutionising the banking system: The Rajan Effect
To say the least, the near-monopoly enjoyed by the PSBs in the loan market which is 77 per cent, …
Bandhan moves one-step closer to becoming India’s first Micro Fin turned full-time Bank. Know how
Chairman and Managing Director Chandra Shekhar Ghosh said that they had received funds and were exp…
India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter
Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …
Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
PTI
Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…
ANI
Time to move on from CEO extension debate for IndusInd Bank and focus on the fundamentals
IndusInd Bank’s stock has come under selling pressure recently after the lender’s chief executive o…