It disbursed Rs 1,485 crore in the months of December, higher than Rs 1,237 crore loan given in the preceding month.

Metro Brands raised Rs 1,367.51 crore via IPO between December 10-14 and sold its shares in the range of Rs 485-500 apiece.

"This is a precautionary measure. We want to ensure that Madura has adequate growth capital till it is merged with us," CreditAccess Gramee...

CreditAccess Grameen said that its group gross loan portfolio grew by 18 per cent year-on-year to Rs 14,071 crore at the end of November wh...

The lender said the higher provision was needed as it aligned its wholly-owned Madura Micro Finance's (MMFL) provisioning policy with that ...

“Time has come to take a position for the future,” managing director Udaya Kumar Hebbar told ET in an interview. “How long can we hold back...

While the MFI sector has expanded at a trailblazing 26 per cent CAGR over the past decade, penetration levels remain below 40 per cent on a...

The market share of the NBFC is set to rise after it acquired Madura Microfinance (MMFL) in March 2020. Analysts pegged CreditAccess’ marke...

The lender had registered a net profit of Rs 96 crore in the corresponding quarter of the previous fiscal year.

MD & CEO Udaya Kumar says their microloans have grown at about 48-49% in the last four-five years on a CAGR basis, though going forward, th...

The stock has gained 11 per cent in one month and 28 per cent in three months to January 28.

Microfinance business has gained stability, setting aside the funding woes with banks backing micro lenders.

Small may be beautiful, but it is also limiting. Truly effective markets will enable micro enterprises to thrive and set them on the path t...

Madura Micro Finance to scale operations via new initiatives motivating more women to join the stream through a feature film based on the t...

Sources close to the development said the list of investors include Kismat Capital, SBD India Capital, and Standstone Partners.

With this take over, ICICI prevents the bid war by moving in before possible moratorium by the RBI.

Boards of both the banks are meeting on Saturday to consider the proposal.