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MICROFINANCE BUSINESS CONTRACTION
Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
- Gold loans power Small Finance Banks' growth as microfinance asset quality weakensSmall Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. T...
- Muthoot Microfin plans to cut risk by bringing down group micro loan share to 60% by 2030, says CEO Sadaf SayeedMuthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset shar...
- MFIs bounce back after 7 quarters of contraction and write-offsIndia's microfinance sector shows a strong rebound. The loan portfolio expanded significantly in the March quarter. This marks a recovery a...
- Microfinance sector returns to growth after 11 quarters of contraction, loan portfolio rises 5.3%The microfinance sector has turned a corner, showing growth in the January-March period. This follows a period of contraction and write-off...
- IndusInd Bank shares jump 6%. Why Jefferies & other brokers raised their target pricesIndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset qua...
- RBL Bank Q4 Results: Profit soars 233% YoY to Rs 230 croreRBL Bank reported a significant three-fold surge in net profit for the fourth quarter, reaching Rs 230 crore, driven by robust business exp...
- Arohan Financial plans to file for IPO within a monthMicrofinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary iss...
- Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPOArohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With be...
- Small finance banks make it big on micro revivalSmall finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loa...
- IIFL Finance looks at options to exit microfin arm SamastaPiramal Finance is one of the interested parties and negotiations with it have progressed a bit, they said, adding that the discussions are...
- Kotak Mahindra Bank revamps microfinance play, cuts JLG exposure amid cyclical stressKotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on indiv...
- Size of microfinance business contracts for the third quarter in a rowMicrofinance business in India shrank for the third consecutive quarter due to heightened asset quality stress. Key players like CreditAcce...
- IDFC First Bank’s Q2 profit plummets 73%Provisions tripled to ₹1,732 crore from ₹528 crore a year ago, primarily as the bank increased its provisioning buffer for its microfinance...
- IDFC First Bank's Q2 profit plummets 73%IDFC First Bank's profit dropped 73% year-on-year to ₹201 crore in September 2024 due to a significant increase in provisions for its micro...
- IndusInd provides more for loan losses, Q2 net profit falls 39%The lender posted a 5% growth in its net interest income to ₹5,347 crore. Meanwhile, the net interest margin for the quarter under review s...
- SBI ready with micro market plan, soft launch on June 1State Bank of India (SBI) is all set to activate its micro market vertical from June to raise its stake with the bottom-of-the-pyramid borr...
- IBM signs Rs 550 crore deal with microfinance firm Janalakshmi Financial ServicesJanalakshmi has in the past worked with Wipro and recently outsourced its back-office work to the Indian unit of Accenture.
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