The microfinance sector is expected to stabilize by the end of the third quarter, with improvements anticipated from the fourth quarter onw...

Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service b...

In the quarter under review, the lender made a provision of Rs 636 crore, which was 50% less than what it had provided for in the year-ago ...

A large section of India’s population continues to face a huge credit crunch and most micro borrowers end up taking credit from informal se...

Like other small finance banks, currently, as much as 70 per cent of Ujjivan's assets are unsecured/without collaterals, and a vast majorit...

The new phase of G-20 Data Gaps Initiative (DGI) proposes climate change as a major focus area to address data gaps that have been identifi...

The second wave of the pandemic impacted the business volume of microfinanciers during the first half due to poor collections and the resul...

The government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit G...

Assam industry minister, Chandra Mohan Patowary after the cabinet meeting said, “New Act proposal for micro-financial institutions in line ...

A good harvest as well as the possibility of a faster economic recovery in rural India, much of which has remained free of Covid-19, are gi...

Net interest income rose by 26.3 per cent to Rs 251 crore in the reported quarter from Rs 198.8 crore.

Cash-strapped micro-lenders in Andhra Pradesh are toying with the idea of recasting distressed loans by almost halving interest to 15%.

It was alleged earlier that microfinanciers were charging exorbitant rates of over 30 per cent, before the crisis started in AP last Octobe...

Shares in India's largest lender to the poor, SKS Microfinance, fell more than 4.5 percent in morning trade Wednesday after a state legisla...

Bangladeshi microfinance pioneer Muhammad Yunus on Sunday attacked companies for "misusing and abusing" his original concept of helping poo...

SKS chief Vikram Akula said that CEO termination was not due to financial irregularities. He said that SKS will work closely with SEBI, RBI...

Oriental Insurance net at Rs 497.27 crore for FY07 from Rs 283.91 crore a year-ago.