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Aditya Shah sees PSU banks, SBI and HDFC as key picks amid volatilityIndia's banking sector demonstrates resilience with steady loan and deposit growth, particularly from private lenders like HDFC Bank. While...- Piramal Finance AUM touches Rs 1 lakh crore; acquisitions on radar: CEOPiramal Finance has crossed Rs 1 lakh crore in assets under management. The company plans to acquire a microfinance institution to boost it...
- Make microlending reg activity-basedMicrofinance lending is experiencing stress due to regulatory changes aimed at curbing over-lending. Relaxed rules in 2022 fueled a surge i...
- Microlending portfolio grows 31 pc in December quarter: ReportIn December, Mumbai's microlending portfolio reached Rs 4.02 lakh crore, led by NBFCs-MFI, banks, small finance banks, and NBFCs. Loans not...
- Sachin Bansal's Chaitanya India Fin Credit applies for universal banking licenseThe Reserve Bank, which is very selective about who enters the banking fray, had earlier made universal bank licenses available on tap. If ...
- Microlenders focuses on growing loan book size: ReportAmong the states, West Bengal has the highest incidence of high-value loans with over 45 per cent of the borrowers having average outgoings...
- Sachin Bansal invests Rs 739 cr in microlender CRIDS;to be CEOUnlike his past bets, where he has played the role of a financial investor alone, Bansal will lead the microlender as its chief executive.
- IndusInd Bank promoters to infuse Rs 2,700 cr via warrantsThe merger and subsequent promoter infusion will push the capital base by $1 billion.
- A loan firm in Bengaluru holds clue to Xiaomi's next big bet in IndiaXiaomi has just launched its first lending product in India on the lines of the microlending product Mi Credit that it offers in China.
- Continuing impact of note ban to cost MFIs dearly, warns reportThe same level impacts could be seen on non-banking finance companies and similar state-run financial institutions, says a report by India ...
- MFIs suffer note ban blues; stressed loans balloon to 14%The aggregate gross loan portfolio of the companies stood at Rs 46,487 crore as on March 31, 2017 as against Rs 53,233 crore in the year-ag...
- Online micro-lender MicroGraam in talks to raise fresh capitalThe company expects to raise around Rs 2 cr of fresh capital and is in talks with global social investment firms, including Unitus Seed Fun...
- In a first, Future Financial Services set to part-pay debtMicrolender Future Financial Services (FFSL) is repaying a portion of its corporate debt making it the first microfinance company to do so.
- SE Investments FY12 net up 6.9% at Rs 66.88 croreUP-based micro-lender SE Investments today reported 6.9 per cent increase in net profit at Rs 66.88 crore for the financial year 2011-12.
- SKS Microfinance plans to prune micro-lending exposureSKS expects this business, which would largely focus on meeting the needs of existing microfinance borrowers, to help derisk operations fro...
- Banks should remember that 80 percent of the money at stake is theirs: Vijay Mahajan, BasixIn a telephonic interview to M Rajshekhar yesterday, Vijay Mahajan, founder, Basix talks about the microlender's struggles to survive and e...
- SKS Microfinance seen struggling short-term; stock up 9%Lender-to-the-poor SKS Microfinance, whose shares have taken a beating on a gloomy sector outlook, expects fresh difficulties in coming qua...
- MFIN forms panel to probe MFIsA statement on Thursday by MFIN, an association of for-profit microlenders, said that based on the study's findings, disciplinary action co...
- Indian microlenders face possible collapse: Rating agencyMicrofinance Institutions Network or MFIN has said commercial bank loans to the sector are drying up and borrowers are reneging on their de...
- eBay launches microlending websiteOnline auction giant eBay has launched a microlending website that lets people invest in entrepreneurs in poor communities around the world...
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