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MICROFINANCE
These large-, mid- and small-cap stocks have upside potential of up to 31% in 1 year, according to analystsIn the last two years, the world has learnt that you can never quite predict what US President Trump will do next. Tomorrow, to pull attent...- Microfinance lenders tread cautiously amid rural stressThe microfinance sector experienced varied performance in the second quarter of FY27, reflecting economic uncertainty. Bandhan Bank and Cre...
- Muthoot Microfin Q2 profit jumps 3.6 times to Rs 111 croreMuthoot Microfin reported a 3.6-fold year-on-year rise in Q2 net profit to Rs 111 crore, supported by secured lending growth and improved a...
- Utkarsh Small Finance Bank reports sixth consecutive quarterly lossUtkarsh Small Finance Bank experienced a loss of Rs 70 crore in the second quarter, marking six consecutive quarters of decline. The lender...
- Fusion Finance swings to Rs 86.5 crore profit as asset quality improvesFusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM g...
- Spandana Sphoorty reports Rs 7.8 crore cyber fraud in bank accountSpandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting...
- Spandana Sphoorty Financial reports cyberattack involving its bank accountSpandana Sphoorty Financial encountered a cyber fraud incident with unauthorized transactions on November 1. The amount involved was approx...
- Banks seek microloan guarantee extensionIDFC First Bank and small finance banks such as AU, Jana and Suryoday were among the biggest users of the scheme to reduce credit risk. The...
- Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 croreMuthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42%...
- Spandana Sphoorty makes profit in Q2 against a loss year-agoSpandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management...
- UP looks beyond Lucknow to boost startups, MSMEs as Aavishkaar, Intellecap partner with Invest UPWith more than 11.5 million MSMEs across the state, Uttar Pradesh is looking beyond its established startup centres to build a wider enterp...
- ESAF Small Finance Bank posts Rs 160 crore Q2 profit as asset quality improvesESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins...
- In 2012, a Philippine coastal project began turning discarded fishing nets into carpet tiles; six years later, UNEP reported 61 tonnes collected and 41 tonnes recycledOld fishing nets pose a significant environmental threat as they contribute to ocean plastic pollution and ghost fishing. The Net-Works pro...
- Satin Creditcare Q2 profit surges over three-fold as asset quality improvesSatin Creditcare Network reported a more than three-fold rise in consolidated net profit to Rs 176 crore in the second quarter, helped by l...
- Book microfinance brass if farmers face recovery harassment: Maharashtra CM Devendra Fadnavis"All superintendents of police have been instructed to immediately file a case if anyone (microfinance companies) is found harassing any fa...
- 'Talked to RBI, forcible recovery from farmers should be stopped': Maharashtra CMMaharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers...
- Bandhan Bank denies acquisition talks with First Abu Dhabi BankBandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factua...
- NBFCs curb fresh loans in rural markets as weak monsoon raises repayment risksIndia's leading non-bank lenders like Shriram Finance and Bajaj Finance are limiting new lending in drought-affected regions. The lenders a...
- Halt water supply to construction projects, raise aid for drought-hit farmers: NCP (SP) to govtNCP (SP) leaders are urging the Maharashtra government to prioritize water supply for farmers amid severe drought. They demand an increase ...
- CreditAccess Grameen Q2 profit jumps fourfold to Rs 502 croreCreditAccess Grameen reported a fourfold rise in Q2 net profit to Rs 502 crore, driven by higher income, lower expenses and credit costs. I...
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