Execution, order inflows to drive L&T growth; BEL rides defence push: Siddhartha KhemkaIndia's capital goods sector is experiencing robust growth, fueled by strong order backlogs and increasing project execution across infrast...
Credit guarantee scheme unlikely to benefit lower rated MFIsA new credit guarantee scheme aims to boost lending to microfinance firms. However, banks remain cautious. They will prioritize financially...
Difficult to lower interest rates below 20% without access to cheaper funds: MFI headsMicrofinance institution heads state that lowering interest rates is difficult without cheaper funding sources, emphasizing the need for a ...
Demand for personal, vehicle loans surged by 12% in the last four months, says reportThe demand for personal and vehicle loans in India has increased by 12% over the past four months, driven by the festive season. The BFSI s...
Indian banks' credit losses in credit cards at nearly 6% - Macquarie CapitalDefault rates in credit cards and unsecured loans are rising, with losses in credit cards nearing 6%. Young millennials are reportedly defa...
Incofin, SIDBI Venture to offload investments in Annapurna FinanceIncofin has about 4.13 per cent stake and the sale of the shares will fetch it about Rs 30 crore.
Jagaran managing director Alok Biswas quitsJust about six months back, the MFI sector saw the exit of chief executive Shubhankar Sengupta from Michael Dell-backed Arohan Financial Se...
- MFIs hope for better time ahead on regulatory clarity
After reeling under a credit scarce situation and regulatory dilemma, the domestic microfinance industry is hopeful of steady progress.
- Bhartiya Samruddhi Finance fears default, seeks RBI lifeline
Bhartiya Samruddhi Finance, the 2nd biggest micro lender for the poor, is headed to RBI to have its loans restructured to avoid a possible ...
- Creation of low-income micro-lending NBFC cleared
The Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.
- MFIs team up to bundle micro loans to raise Rs 52 cr
In a first of its kind, seven microfinance lenders have come together to raise Rs 52 crore by bundling thousands of micro loans.
- Micro-lender Ujjivan raises Rs 23 crore via pvt placement
Standard Chartered Bank was the book-runner and lead- arranger of the issue, and the non-convertible debenture is listed on the Bombay Stoc...
- MFIN describes budget as disappointing for MFI sector
The budget is a disappointing one for the micro-finance (MFI) sector and the Finance Minister could have done more than the few announcemen...
- RBI discusses Malegam Report with stakeholders
The Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty today said the apex bank has started discussion with all the stakeholders r...
- 'Micro finance sector represents good investment opportunity'
The Indian micro-finance industry (MFI) believes that the sector represents a good investment opportunity and capital adequacy will not be ...
- Indian MFIs to build portfolio of $6.27 billion by 2012
It is estimated that there are over 1,000 MFIs operational in India currently, which have disbursed only 10% of the potential demand of ove...
- Rising fee income strengthens MFIs’ loan book
Microfinance institutions (MFIs) can function better as loan facilitators rather than being loan providers, according to a study by Crisil.