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...
Microfin in major crisis with near-2x NPA surge; Joint-liability lending model on shaky groundIndia's microfinance sector is facing a severe crisis as delinquency rates have surged, with gross NPAs reaching 16% in FY25. This rise has...
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...
Turnaround after battling many headwinds? 4 microfinance stocks with upside potential of up to 38% in next one yearRight from the Covid-19 crisis to the tightening of regulatory requirements on capital in a short span and increasing competition, all thes...
Are the lenders to Bharat set for a comeback? 4 micro finance stocks with upside potential of up to 40%It is a global phenomenon, when any new sector emerges, it gets extremely high valuation, then too much money flows into it. Then soon come...
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...
Spandana Sphoorty Financial to raise up to Rs 100 cr via bondsThe decision was taken at a meeting of the management committee of the board on Saturday.
CreditAccess issue a suitable bet for long-term investorsThe company offers loans mainly to rural women by using the joint liability group model of lending.
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 ...
OBC slumps 10% after two back-to-back fraud casesThe stock reacted sharply to these developments and fell 12.52 per cent to hit a low of Rs 92.50.
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...
- Overweight on Kotak Mahindra Bank, target Rs 810 : Morgan Stanley
The 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...
- RBI revises regulatory norms for microfinance NBFCs
The 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, Thanjavur
The 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 JLGs
In yet another bid to channel institutional credit to the country’s vulnerable sections -- Nabard has just unveiled a financial assistance ...