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India meets FY26 fiscal deficit target of 4.4% of GDP; revenue deficit at 1.55%India's fiscal deficit reached the budgeted 4.4% of GDP for fiscal 2026. This eases immediate government finance worries. However, the focu...- That sinking feeling: Rupee@100 is a mental fear, not macro nightmareThe rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of...
- Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
- Sa-Dhan backs continued microfinance guardrails, suggests RBI steering panelSa-Dhan, a microfinance self-regulator, recommends maintaining lending guardrails for bottom-of-the-pyramid customers. These rules aim to p...
- Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
- Microfinance sector introduces new grievance redressal tools for customer protectionSa-Dhan, the RBI-recognized SRO, has launched a toll-free grievance helpline and a comprehensive Client Grievance Redressal Mechanism (CGRM...
- ESAF SFB gets RBI nod for re-appointment of K Paul Thomas as MD & CEOThe bank will seek approval of the shareholders for the said re-appointment within the prescribed period, it said. Additionally, Paul Thoma...
- Reliance firm invests $11.2 million in South Africa and UAE T20 teamsSouth Africa-incorporated India Mumbai Indians Pvt Ltd owns the Cape Town franchise in SA20, the franchise-based T20 league launched by Cri...
- Buy Kotak Mahindra Bank, target price Rs 2180: Emkay GlobalKotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 385371.70 Crore).
- New auditors: RBI clarifies on tenure, eligibility normsThe central bank on April 27, 2021, had issued a circular on 'Guidelines for appointment of statutory central auditors (SCAs)/statutory aud...
- Microfiance sector seeks RBI's additional support to combat COVID-19 second wave"RBI timely intervention for the sector and its recent announcement of special long-term repo operations (SLTRO) of Rs 10,000 crore for Sma...
- RBI may allow SFBs to lend to smaller microfinance institutions with loan assets below Rs 500 crRBI, which had earlier turned down a similar proposal, is now actively considering it so that the funding requirement for the sector is met...
- Reserve Bank of India looks to sort out e-KYC matter for non-bank lendersThe government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database f...
- RBI guidelines creating difficulties for MFIs: Sa-DhanSa-Dhan executive director P Satish said the rule is not practical for the MFIs, which maintain various current accounts with banks based o...
- Do away with GST on services by microfinance companies: Industry's Budget wish-listHighlighting the key demands, Sa-Dhan Executive Director P Satish said, "MFIs (microfinance institutions) offer different services to the m...
- Former RBI deputy governor appointed as chairman of MFI panelMembers of the steering committee include Harsh Shrivastava of MFIN, P Satish of Sa-Dhan, Srinivas Bonam of IndusInd Bank and Sonia Krishna...
- RBI issues final norms for IRB migrationRBI released the final guidelines for banks wishing to migrate to IRB approach for calculating their capital charge for credit risks across...
- High Inflation, RBI rate hikes may lead consumers to cut back on purchasesConsumers will cut spending on cars, two-wheelers and new homes as the central bank relentlessly raises interest rates to curb inflation.
- MFI body plans code of conductThe country’s leading micro-finance players have pledged to improve the ways they deal with poor borrowers and have promised to review lend...
- IOB gets RBI nod to buy Pune bankState-owned Indian Overseas Bank has got RBI's nod to go ahead with the acquisition of Pune-based Shree Suvarna Sahakari Bank.
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