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Stocks in news: IDFC First Bank, Vedanta, Ola Electric, Bharti Airtel, Adani PowerIndian equities closed the week with modest gains, driven by value buying in fundamentally strong stocks. Markets are expected to remain vo...- 'One state-one RRB' to be effective from May 1 as FinMin approves consolidation of 15 regional rural banksThe finance ministry is set to consolidate 15 Regional Rural Banks across 11 states starting next month, aiming for enhanced operational ef...
- Default ratio in micro loans rises following Karnataka's new ordinanceDefault ratio in micro loans increased in Karnataka following the promulgation of an Ordinance to regulate microfinance activities, as repo...
- Hot Stocks: CLSA lists stocks that could benefit from the 100-day plan for Modi 3.0Global brokerage CLSA lists out stocks such as L&T, IRB, and NCC, among others that can benefit from Modi 3.0's 100-day plan, while Goldman...
- CreditAccess Grameen-Madura Micro Finance merger to be completed by FY21MD & CEO Udaya Kumar says their microloans have grown at about 48-49% in the last four-five years on a CAGR basis, though going forward, th...
- The next debt crisis: Small borrowers’ big defaultsMicrofinance is showing early signs of loans going bad en masse. And the problem is complicated by aggressive strategies of larger lenders.
- When a Union Minister could not get banks to lend to small businessesThere are several schemes to help the MSME sector access finance from institutional sources, but the banks often shy from lending or make t...
- Bihar Grameen Bank to merge with Madhya Bihar Grameen Bank: Sushil ModiAfter the merger, only two rural banks- Uttar Bihar and Madhya Bihar- will be left in the state, said Modi, who is also Bihar's Finance Min...
- Bihar will benefit most from 2017-18 central budget: Sushil Kumar ModiBihar will also gain from the centre's proposal to enhance allocation of Rs 2.44L-cr as against Rs 1.22L-cr last fiscal to the banks for di...
- Demonetisation effect: Cash-starved anganwadis struggle to feed childrenNovember saw a six per cent decline in the number of children drawing nutrition from the anganwadis compared to the previous month, accordi...
- I-T department reveals top 10 assessees in all categoriesDirectors of Kamal Sponge Steel & Power, facing CBI probe in coal scam, are in list of top 10 Income Tax assessees in 'Individual' category...
- Bihar govt not to deposit funds in 21 banks including Axis Bank, ICICI BankBihar govt has decided against depositing funds in 21 public and private sector banks for their failure to provide loans to borrowers on th...
- India's welfare programmes are not very good at reaching the poorest of the poor: World BankHow effective are India's innumerable social security programmes at reaching out to the poorest of the poor? If a recent World Bank report ...
- Bank of Baroda plans to open 10 more overseas branchesBank of Baroda is planning to open 10 new overseas branches across the globe.
- Microfinance institution to set up shop abroadKolkata-based Bandhan, which was ranked second by Forbes magazine in its first ever listing of the world’s top 50 MFIs, is looking to set u...
- Central flagship schemes not performing well in UPA statesHere’s a piece of disturbing statistics for the Congress: Flagship programmes of the Centre are not performing well in as many as 13 states...
- Bengal RRBs await fresh capitalThe West Bengal government will inject fresh capital in the state’s regional rural banks (RRBs) in two separate phases.
- Govt plans RRB revival in phased mannerThe Union government may need to release nearly Rs 2,000 crore to revive 30 regional rural banks.
- Growth can’t be achieved without positive regulationCapping of rates will reduce the viability of legitimate institutions and encourage players willing to use unethical practices to dominate ...
- Micro-financing has a long way to goMore than 400 women join the self-help group (SHG) movement in India every hour, according to the National Bank for Agriculture and Rural D...
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