Muthoot Fincorp filed draft papers with Sebi for a Rs 3,000 crore IPO. The company aims to strengthen its capital base and fund business gr...

In a significant move, Muthoot Fincorp has engaged lead managers to facilitate its upcoming ₹3,000-crore initial public offering. The draft...

The Reserve Bank of India has proposed new lending rate guidelines. Regulated entities must declare lending rates monthly and reset floatin...

The Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal be...

Microfinance asset quality stress eased further in June, with portfolio at risk falling to 2.3 percent. Aggressive write-offs of bad loans ...

Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans whi...

Banks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...

Fusion Finance reported a Rs 62.4 crore Q1 profit, reversing a year-ago loss, as improving asset quality lifted performance. Gross NPA decl...

Large microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small fin...

DSP Mutual Fund’s Preethi R S remains constructive on India’s financial sector, favouring lenders with strong deposit franchises, disciplin...

The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw do...

CreditAccess India, the promoter of India’s largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through bloc...

Muthoot Microfin reported a more than 13-fold rise in Q1 net profit to Rs 81 crore, driven by 49% higher loan disbursements, lower credit c...

The Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered infl...

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and l...

Sebi has exempted six Muthoot family trusts from an open offer requirement. This exemption pertains to the indirect acquisition of shares i...

Utkarsh Small Finance Bank reported a net loss of Rs 34 crore for the June quarter, marking its fifth consecutive quarterly loss, as elevat...