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MICROFINANCE GDP CONTRIBUTION
Why India Inc lags GDP sprint despite robust growth headlinesIndia's GDP is soaring, yet this growth seems to shadow the profits of many companies. The government’s push in spending and service offeri...
Rural India contributes 80% of microfinance book, highest since 2011 as NBFCs shift focusRural areas now account for approximately 80% of non-bank lenders' microfinance business, the highest share since 2011. This shift, driven ...
India's GDP growth to surpass 6.5% in FY26, driven by Sitharaman's tax cuts: Moody’sIndia's real GDP growth is expected to exceed 6.5% in fiscal 2025-26, supported by higher government capex and consumption boost from tax c...
Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woesThe microfinance sector in India has seen a decline from Rs 4.43 lakh crore in March 2024 to Rs 3.93 lakh crore by November due to slowing ...
Difficult to lower interest rates below 20% without access to cheaper funds: MFI headsMicrofinance institution heads state that lowering interest rates is difficult without cheaper funding sources, emphasizing the need for a ...
MFIs must promote loan repayment digitally, focus on cybersecurity & resilient IT infra: DFS secyFinancial Services Secretary M Nagaraju encourages microfinance institutions to promote digital loan repayment and enhance cybersecurity. D...
Indian banks to see range-bound 12.5% credit growth in 2024-25: HSBCHSBC Global Research expects Indian bank credit growth to remain steady at 12.5% in FY2025, though GDP slowdown presents a downside risk. R...
Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFINDuring the last fiscal, the total outstanding of the MFI sector was Rs 2.7 lakh crore, and the sector had created around 1.32 crore jobs in...
Investments in agritech companies grew significantly between 2017 and 2020: StudyThe report explains that over the past decade, India’s rural ecosystem has evolved with multiple enablers priming this space for future gro...
ET Financial Inclusion Summit: Key goal of financial inclusion must be to help poor get credit, says Bandhan Bank chiefThey now have access to every financial service they seek such as savings and insurance. That’s the power of financial inclusion, says Band...
Even NBFCs face asset quality risks amidst resurgence of COVID-19 infections"India's non-bank financial institutions (NBFI) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections...
A relief package for MSME sector soon; virus crisis blessing in disguise: Nitin GadkariThe government is aware of the epidemic induced lockdown’s repercussions to country’s MSMEs, and it is going to soon to announce a relief p...
Sidbi to review Bandhan & other holdingsSidbi holds 8.13 per cent in Bandhan Financial Services, the holding firm for Bandhan Bank.
UP is to India what India is to world – a long haul opportunity: Dipen Sheth, HDFC Securities"If I am getting 20-25% compounding for the next five years, 4x for a financial is fine"
Contrarian Drishti Partners, founder Somak Ghosh invest undisclosed sum in NBFC Aye FinanceContrarian Drishti Partners, and its founder, Somak Ghosh, have jointly invested an undisclosed amount in non-banking financial company, Ay...
Demand for Rs 7,500-crore extra grants tabledThe govt on Friday sought Parliament's nod for an additional expenditure of Rs 7,500 crore, but most of this spending will be from savings ...
- Banks must fill in funding gaps for SMEs: Virbhadra Singh
Union Minister of Micro, Small and Medium Enterprises Virbhadra Singh says he is deeply concerned about the credit crunch plaguing the sect...