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KARNATAKA LARGEST BORROWER
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at MangaluruIndia plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mang...- Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...
- He was a Karnataka bus conductor once; now he runs a 16,000 sq ft library with 20 lakh booksAnke Gowda, who worked as a bus conductor and later retired as a sugar factory worker, has created Pustaka Mane, a vast library in Karnatak...
- Investing in ability and quality of balance sheet? 5 large-cap stocks from different sectors with upside potential of up to 29%Predicting the movement of the Nifty and Sensex is a fool’s task. Thursday’s trading on the market only underlines this truism. And it is i...
- CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
- Multiple states to borrow Rs 45,960 crore through RBI SGS auction on March 10The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 45,960 crore through the auction of ...
- Expansion plans & easing asset woes to lift CreditAccessCreditAccess Grameen's stock has surged following the appointment of a new CEO and strategic initiatives. The company is addressing asset q...
- 50 pc of Indian women borrowers are aged 25-35: ReportAccording to the BharatLoan Lending Report 2025, there has been a significant increase in financial independence and credit market particip...
- Default ratio in micro loans rises following Karnataka's new ordinanceDefault ratio in micro loans increased in Karnataka following the promulgation of an Ordinance to regulate microfinance activities, as repo...
- MFI loans decline 2.3 pc in June qtr, NPAs rise: ReportLoan portfolio of microlenders fell by 2.3 per cent in April-June, reaching Rs 4.32 lakh crore. Non-performing assets surged during this pe...
- Maha, Gujarat, Tamil Nadu, 10 other states could get interest-free loansThe 13 states - Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana,...
- States' average per capita debt jumps 16.4% for 3-yr period ending FY21: ReportThe combined borrowings of the states, or their fiscal deficits, have jumped to 4.5 per cent or Rs 5,81,808 crore in FY'21, from 2.8 per ce...
- As tax revenues fall, south states increase borrowingsTamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala have together raised over 1.2 lakh crore, and along with Maharashtra, Rajasthan...
- CreditAccess Grameen faces repayment trouble in coastal KarnatakaIndia's largest microfinance firm CreditAccess Grameen has reported 8% rise in net profit for the December quarter at Rs 108 crore over Rs ...
- Crisis looms over south’s microfinance sectorThere are repayment concerns also in some smaller pockets of Tamil Nadu, said sources.
- Fresh trouble for MFIs as drought-hit Karnataka sees no repayment of loansAs many as 20 NBFC-MFIs, including all the large ones, operate in Karnataka, which is otherwise a mature market for microfinance activity.
- MicroGraam inks partnership with crowd funding platform for social good Kiva.orgMicrolending platform MicroGraam now expects over 15,000 borrowers in India & will be crowd-funded by Kiva lenders over the course of this ...
- NBFCs providing gold loans are the safest betConsidering the slowdown, NBFCs, which provide loans secured by gold, such as Muthoot Finance and Manappuram, may appear attractive.
- NTPC to invest Rs 10,000 cr in Andhra,TNNTPC, the country's largest power producer, is set to invest around Rs 10,000 crore for two of its power plants in Andhra Pradesh and Tamil...
- Fitch Director Devendra Kumar Pant talks to ETFitch Ratings India has recently raised questions about West Bengal's credit-worthiness. Fitch director Devendra Kumar Pant, who was part o...
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