In December, Mumbai's microlending portfolio reached Rs 4.02 lakh crore, led by NBFCs-MFI, banks, small finance banks, and NBFCs. Loans not...

The Reserve Bank, which is very selective about who enters the banking fray, had earlier made universal bank licenses available on tap. If ...

Among the states, West Bengal has the highest incidence of high-value loans with over 45 per cent of the borrowers having average outgoings...

Unlike his past bets, where he has played the role of a financial investor alone, Bansal will lead the microlender as its chief executive.

The merger and subsequent promoter infusion will push the capital base by $1 billion.

Xiaomi has just launched its first lending product in India on the lines of the microlending product Mi Credit that it offers in China.

The same level impacts could be seen on non-banking finance companies and similar state-run financial institutions, says a report by India ...

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...

The company expects to raise around Rs 2 cr of fresh capital and is in talks with global social investment firms, including Unitus Seed Fun...

Microlender Future Financial Services (FFSL) is repaying a portion of its corporate debt making it the first microfinance company to do so.

UP-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 expects this business, which would largely focus on meeting the needs of existing microfinance borrowers, to help derisk operations fro...

In a telephonic interview to M Rajshekhar yesterday, Vijay Mahajan, founder, Basix talks about the microlender's struggles to survive and e...

Lender-to-the-poor SKS Microfinance, whose shares have taken a beating on a gloomy sector outlook, expects fresh difficulties in coming qua...

A statement on Thursday by MFIN, an association of for-profit microlenders, said that based on the study's findings, disciplinary action co...

Microfinance Institutions Network or MFIN has said commercial bank loans to the sector are drying up and borrowers are reneging on their de...

Online auction giant eBay has launched a microlending website that lets people invest in entrepreneurs in poor communities around the world...