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Gold loans power Small Finance Banks' growth as microfinance asset quality weakensSmall Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. T...- Muthoot Microfin grew 13% when the industry shrank 20%; CEO explains what's nextMuthoot Microfin defied industry decline, growing assets by over 13%. The company improved its loan repayment rates and reduced bad loans. ...
- Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First BankIDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loan...
- Muthoot Microfin looks to buy company offering loan against propertyMuthoot Microfin is exploring inorganic growth by acquiring a majority stake in two non-banking financial companies. This move aims to expa...
- Kotak Mahindra Bank revamps microfinance play, cuts JLG exposure amid cyclical stressKotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on indiv...
- IDFC First Bank grew retail deposit base, better show likely in Q3IDFC First Bank's CEO V Vaidyanathan mentioned that the bank reduced its need for aggressive deposit and branch expansion as it transitione...
- IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?IDFC First Bank Share Price Today: IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost in...
- Uniform norms, higher digital penetration to make microfin market interest-sensitive: R Baskar BabuOver the next couple of years, a borrower will start choosing a lender based on pricing. The market at present is price-insensitive because...
- Microfinance market to turn interest sensitive in two years, borrowers will look for loans with lower rates: Suryoday Small Fin Bank MD BabuThe uniform microfinance guidelines along with the higher digital penetration would change the contour of microfinance in India in line wit...
- IDFC First Bank logs Rs 630-crore loss in Q1 on pandemic provisionsTotal provisions and contingencies rose sharply to Rs 1,878 crore at the end of the quarter under review. This was at Rs 764 crore in the c...
- Sebi slaps Rs 1.30 cr fine on JLG Securities, 7 others for fraudulent tradingDuring the probe, Sebi found that the entities executed synchronised trades, reversal trades and self-trades among themselves resulting in ...
- CBI registers case against Simbhaoli Sugars for Rs 110-crore loss to Oriental Bank of CommerceOBC said the company dishonestly and fraudulently diverted the loan for its own needs. The account, according to the complaint, turned NPA ...
- Here's why SBI inks pact with Nabard and NGOsSBI is the first one to join hands with Nabard and its partner NGOs in West Bengal to promote JLG method of lending to farmers at 7% intere...
- Satya Micro Cap gets Rs 16 crore to expand operationsThe lending company plans to utilise the funds to expand operations over 35 districts across seven states in the current fiscal.
- Overweight on Kotak Mahindra Bank, target Rs 810 : Morgan StanleyThe BSS acquisition extends microfinance to poor rural and semi-urban women via JLG mechanism. With AUM of Rs 4.8bn, BSS MFI is the 25th la...
- RBI issues guidelines on loans to landless farmersIn the Union Budget 2014-15, it was declared that 5 lakh Joint Liability Groups (JLGs) of land-less farmers will be financed through NABARD...
- Joint Liability Group to finance small farmers: NabardConceived on the pattern of SHGs, Nabard will provide refinance facility to banks for providing lending to small and marginal farmers.
- RBI revises regulatory norms for microfinance NBFCsThe RBI on Friday changed regulatory norms for microfinance companies with liberal norms for those operating in the North Eastern states.
- Profits In Four Years: Pudhuaaru, ThanjavurThe cost of setting up a Pudhuaaru branchinteriors , counters, biometric devices, safe, connectivity, burglar alarm, 2 PCs and inverter, am...
- NABARD unveils financial assitance scheme for JLGsIn yet another bid to channel institutional credit to the country’s vulnerable sections -- Nabard has just unveiled a financial assistance ...
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