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RURAL FOCUSSED LENDERS
Bandhan Bank opens 18 new branches across four statesBandhan Bank has expanded its reach by inaugurating 18 new branches across Jharkhand, Andhra Pradesh, Bihar, and Odisha, primarily targetin...- Fintech startup Saswat Finance raises $2.6 million from Ankur Capital, othersThe company uses a data-driven approach to offer credit and insurance products tailored to smallholder farmers and rural enterprises. Saswa...
- Nabard and ADB jointly launch climate action initiative with tech support from Bill and Melinda Gates FoundationNabard and ADB team up, aided by Bill and Melinda Gates Foundation, to tackle climate challenges in India's agriculture and rural sectors. ...
- ESAF Small Finance Bank makes a healthy D-Street debut. What investors should doThe public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category of the IPO w...
- Rural-focused fintech startup Navadhan raises $1.5 million in fundingNavadhan has raised $1.5 million in a seed funding round led by Varanium NexGen, a fintech-focused fund. Existing investor Anicut Capital c...
- Spandana Sphoorty posts net loss of Rs 220 cr for Jun qtrThe company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating prof...
- Why rural India is poised for a good pickup in next 2-3 yearsThe sheer availability of credit will give rural India a good two, three year pick up, says Saurabh Mukherjea.
- Saurabh Mukherjea on how to play Bharat rather than India now‘We are in the first year of a two to three-year economic recovery.’
- Hindalco, JSW Steel and JSPL are top metal picks: Siddhartha Khemka‘TCS is a good stock from a medium to long term perspective.’
- Farm incomes help beat EMI blues in rural IndiaA 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...
- Private banks continue to chip away on PSU market shareHistorically, private banks have been more successful in building their asset side and are now increasingly focusing on their liability fra...
- RBI allows Sidbi to use an existing Rs 1000-crore corpus for lending to MFIsSidbi is providing fund to Cashfor at 8% rate while it on lends at 16.98%. SKDRDP is getting fund at 5% and on lending to micro borrowers a...
- Sequoia puts $6m in NBFC lending company Finova CapitalThe lender will utilise the funds raised for expanding operations, investment in technology and talent acquisition.
- Bankers hail Budget but flag concerns on expenditure overrunsLargest lender State Bank chairman Rajnish Kumar said the Budget is "very comprehensive" with key measures that will have a positive impact...
- Rural economy can be a very big driver of growth for the next couple of years: Navneet Munot, SBI Mutual FundA good monetary policy framework, sound banking system are far more critical for a sustainable long-term bull market than one or two rate c...
- Microfin companies will soon have up to Rs 450 crore more to lendThe ADB guarantee was designed with the objective of partnering with financial institutions that actively lend to MFIs in ADB’s member coun...
- Payment bank rules by month-end, telcos, India Post remain frontrunners: RBIInstead of having local area banks focussed on two or three districts, there are suggestions that there should be all-India small finance b...
- HDFC Bank aims to grow share of rural biz to 50% in five yearsPrivate sector lender HDFC Bank is aiming to grow the share of its business from the rural segment to about 50 per cent in about five years.
- India needs larger banks, consolidation greater need: Deepak Parekh"I think that the RBI guidelines for grant of new licences are well thought-through and it seems that a lot of thinking has gone into it," ...
- Indian Bank to open 1,525 ultra small branches in rural areasAs part of its focus on taking banking services to villages, Indian Bank proposed to set up 1,525 ultra small branches in rural areas acros...
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