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MUTHOOT MICROFIN PROVISIONS AGAINST BAD LOANS
Prudent ARC top bidder for Aban Offshore debtPrudent ARC has become the highest bidder for Aban Offshore's ₹1,080 crore debt from Punjab National Bank, offering ₹193 crore. This marks ...17 Jun, 2026, 05.58 AM IST- EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...15 Jun, 2026, 10.31 AM IST
- Default clouds hover over microfinance as industry flags weak monsoonIn the evolving world of India's microfinance sector, fresh credit risks are emerging on the horizon. The dual challenges of an unsteady mo...13 Jun, 2026, 10.15 AM IST
- Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...13 Jun, 2026, 12.55 AM IST
- Byju Raveendran's lawyer says Singapore High Court has stayed jail sentence against founderSingapore High Court has stayed committal and surrender provisions of its contempt order against Byju Raveendran, halting his six-month jai...12 Jun, 2026, 06.09 PM IST
- PSBs may lose the edge over private peers as tightening liquidity, rising credit costs may impact growthPublic sector banks' advantage over private lenders is fading. Excess liquidity and low credit costs are diminishing. Liquidity coverage ra...12 Jun, 2026, 01.31 AM IST
- HFCs emerge stronger after FY26 stress, asset quality recovers sharply; sector better placed for FY27: ReportHousing finance companies have emerged stronger after facing challenges. Asset quality has improved significantly. Loan growth is picking u...11 Jun, 2026, 06.02 PM IST
- 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 ...11 Jun, 2026, 12.26 AM IST
- 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...10 Jun, 2026, 05.52 PM IST
- Microfinance market reports a small rise in early stage delinquencyMicrofinance loan defaults in the early stages increased in April. However, loans facing later stage defaults showed improvement. The overa...10 Jun, 2026, 01.22 PM IST
- Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...05 Jun, 2026, 12.55 AM IST
- Microfinance NPAs may edge up in FY27 as write-off practices normalise: CareEdgeForecasts for FY27 suggest a modest rise in bad loans for microfinance institutions, a development stemming from the adjustments following ...04 Jun, 2026, 09.22 PM IST
- Those willing to look beyond the fog of war: 5 large-caps from different sectors with upside potential of up to 28%The news mix could not be more confusing. On the one hand, the US House voted to halt Trump’s Iran war, and Israel and Lebanon again agreed...04 Jun, 2026, 02.15 PM IST
- Retail loan stress is the new growth driver for ARCsDuring 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh cr, comprising Rs 1.5 lakh cr of corporate loans and Rs 50,000 cr of ...03 Jun, 2026, 06.56 AM IST
- Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...03 Jun, 2026, 06.44 AM IST
- 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...27 May, 2026, 06.44 PM IST
- Top gold loan companies expand bullion holdings to record levels in FY26India's top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amo...27 May, 2026, 06.22 AM IST
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