Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 croreOYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through fresh issue. Proceed...
Microfinance institutions' portfolio quality up in May; West Bengal, MP, Rajasthan laggards: ReportMicrofinance asset quality saw a positive shift in May, with loan defaults declining nationwide. However, West Bengal, Rajasthan, and Madhy...
Turtlemint Fintech IPO Day 3: Fully subscribed 1.02x, GMP signals, brokerage views and key detailsTurtlemint Fintech's IPO saw strong demand, fully subscribing on its final day with institutional investors showing significant interest. D...
Inflationary pressures, reduction in discretionary cash flows may impact collection of MFIs: ReportMicrofinance borrowers' repayment behavior may face challenges from inflation and reduced household cash, though the West Asia conflict has...
Credit guarantee scheme for MFI 2.0 gets extensionThe Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees ...
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issueUS Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell I...
Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
Satin Creditcare profit jumps on lower bad loan provisionsSatin Creditcare Network reported a sharp rise in fourth-quarter profit driven by business growth, lower bad loan provisions and improved a...
Manappuram Finance shares fall 3% after Q4 earnings: Here's why Jefferies, other brokerages are bullishManappuram Finance shares dipped despite a strong Q4 FY26 profit, driven by a surge in gold loans. While brokerages like Jefferies turned b...
Himanta Biswa Sarma brings back BJP for third consecutive term in AssamHimanta Biswa Sarma led the BJP to a historic victory in Assam, winning 82 seats. His aggressive campaign, focusing on welfare schemes like...
Equitas Small Finance Bank shares rally 7% on 5-fold jump in Q4 profit to Rs 213 croreEquitas Small Finance Bank shares saw a significant 7% rise. This surge followed the bank's announcement of a substantial 406% increase in ...
AU SFB Q4 Results: PAT jumps 65% YoY to Rs 832 crore, NII rises 23%AU Small Finance Bank reported a robust 65% year-on-year surge in net profit for the March quarter, reaching Rs 832 crore. The lender also ...
Small loans make big news as Indian microfinance makes strategic shiftIndia's microfinance sector is navigating a pivotal transformation as lenders shift their focus to sustainable growth and portfolio securit...
MFI loan portfolio stood at Rs 2,37,369 crores serving 5.68 crore unique borrowers: Infomerics ReportNBFC-MFIs were the second largest provider of micro-credit with a loan amount outstanding of ₹75021 crores, accounting for 31.61 per cent t...