ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: NuvamaIndian cement demand is set for a strong start in the first quarter of FY27. Government infrastructure spending is driving growth. However,...
Ola Electric vs Ather Energy: Which stock looks better after a stellar surge of up to 70% in April?Ola Electric shares have rebounded sharply, surging 68% in under 10 sessions, while Ather Energy gained 16% over the same period. Despite t...
Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
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...
PSU banks vs private bank stocks: Nomura analysts give 4 reasons to rotate your moneyAfter strong outperformance by PSU banks over the past year, Nomura turns cautious and prefers a shift to private banks, citing better risk...
Morgan Stanley upgrades DMart to overweight, says juggernaut is rolling! Here’s whyMorgan Stanley has upgraded Avenue Supermarts (DMart) to overweight following a strong Q4, signalling momentum in the retailer’s growth. Th...
Piramal Finance AUM touches Rs 1 lakh crore; acquisitions on radar: CEOPiramal Finance has crossed Rs 1 lakh crore in assets under management. The company plans to acquire a microfinance institution to boost it...
MFI space may see bottoming out within next two quarters: Anshul SaigalAnshul Saigal discusses the high-risk, high-yield nature of the microfinance institutions (MFI) sector and its potential for recovery in th...
Microfinance loans continue to weigh on banksIndian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microf...
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...
Satin Creditcare launches digital lending appThe mobile application can be used for availing instant loans of Rs.20,000 of Rs.25,000 with a payback tenure of 9 or 12 months at 25% inte...
Satin Credit’s fund cost up by 75 bpsIt also lends to the affordable housing segment in rural areas and to the SME sector.
MFI space is a growing space which grew by 8% last year: Narayan SA, Kotak Mahindra Bank"BSS as of now is in Karnataka and Maharashtra. They have already started exploring and getting into Madhya Pradesh." Narayan SA said.
- Private equity open taps for microfin again
Equity deals worth $62 mn took place in the last 3-4 mths as investors are lured by the growth prospect of the MFI business
- Hyderabad MFI Spandana eyes Rs 100-cr PE infusion
Private equity investors are betting big on microfinance institutions (MFI) in these turbulent times, as valuations are becoming more attra...
- Micro fin cos cosy up to global funds
After SMEs, broking firms and NBFCs, it’s now the turn of local microfinance institutions (MFIs) to attract global investors.