Gold loans turn microfinance companies' best bet amid fears about the unsecuredMicrofinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RB...
Three-lender cap rule for microfinance from April 1, further stress likely in short termFrom April 1, microfinance lenders are set to cap borrowers' access to a maximum of three lenders, aiming to prevent overleveraging. This r...
Inditrade Microfin-Janakalyan merger to be effective from July 1, 2022; Janakalyan MD to head the merged entity"The company has received an intimation from Inditrade Microfinance Limited (IMFL), a debt listed company and a material subsidiary of the ...
Inditrade Microfin may merge with Janakalyan FinanceInditrade Microfinance has a loan book of around ₹350 crore, with about three-fourths of it coming from Karnataka, Kerala and Tamil Nadu. J...
MFIN signs MOU between Assam government and 37 microfinance lendersAMFIRS is aimed at providing financial relief from the Government to the microfinance borrowers in Assam to help them continue maintaining ...
No appeasement with microloan waivers, Assam thinks of rewardsIn parallel, the state has identified that out of the ₹12,500 crore of micro-loans, about ₹4,000 crore was given to borrowers flouting the ...
Citizenship Amendment Bill: Law and order situation under control, says Assam Chief SecretaryAppealing for restrain, Kumar while talking to media said, "the administration is ready for tackling any situation."
Sidbi Venture Capital to invest Rs 25 crore in micro lender JanakalyanSidbi Venture Capital Ltd (SVCL) is all set to invest Rs 25 crore in Kolkata-based micro lender Janakalyan Consultancy & Services Pvt Ltd, ...
Rakesh Asthana gets support from former bossFormer West Bengal minister Upendranath Biswas, who retired as an additional director of the CBI, told ET that Asthana was “incapable of be...
With rumours spreading fast, Tripura suspends mobile services for the next 48 hoursDirector General of police A.K Shukla has sought blocking of these media following an incident where a person was lynched by mob suspecting...
Two new MFIs off the block, raising hopes for the sector amid repayment troubleThere were 11 small MFIs with a GLP of less than Rs 100 crore, 19 entities with a GLP of Rs 100-500 crore, and 21 large players with Rs 500...
Jagaran managing director Alok Biswas quitsJust about six months back, the MFI sector saw the exit of chief executive Shubhankar Sengupta from Michael Dell-backed Arohan Financial Se...
Nilam Sawhney appointed Central Vigilance Commission secretaryShe has been appointed in the rank and pay of Additional Secretary for a period of four years from the date of assumption of charge of the ...
Agencies probing the blast looking for similarities in patternsWhen asked if the blast was a revenge for the arrest of ISIS propagandist Biswas, Kumar said it was one of the several angles in the invest...
Mehdi Effect: Cops ask private security agencies to increase vigilance in malls and cafesPolice teams visited Namma Metro stations, the city railway station, bus stands, city market and Manipal Centre as part of a security audit.
Governments must put down kangaroo courts: M K Narayanan"Not only the state government, but all governments all over the country must put down these kangaroo courts," Narayanan said.
- Greater Noida home-buyers face cuts in refunds
Hundreds of home-buyers in Greater Noida took to the streets on Sunday, asking the Supreme Court and government to ensure that builders ref...