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PYRAMID BORROWERS
Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promisesZerodha co-founder Nithin Kamath shared his past entanglement with a pyramid scheme in his late teens, emphasizing that wealth building req...- Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-EquifaxCredit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset qualit...
- Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
- Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
- 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...
- Ujjivan SFB Q4 profit jumps 238% on strong asset quality; CreditAccess Grameen PAT soars 7-foldUjjivan Small Finance Bank reported a 238% rise in Q4 net profit to Rs 282 crore, supported by business growth, improved asset quality and ...
- 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...
- As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...
- Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
- Sa-Dhan backs continued microfinance guardrails, suggests RBI steering panelSa-Dhan, a microfinance self-regulator, recommends maintaining lending guardrails for bottom-of-the-pyramid customers. These rules aim to p...
- 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...
- At bottom of the pyramid, 21 million small borrowers have dropped outTwenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance cri...
- About 11 million microfinance borrowers out of the formal credit systemEleven million low-income borrowers have left India's formal credit system. Microfinance lenders reduced lending to those at the economic b...
- Three-lenders cap makes micro borrowers fall in lineBorrowing by vulnerable economic groups is changing. The number of borrowers with many lenders decreased significantly. This reflects stric...
- Annapurna Finance mobilises $30 mn in equity from Nuveen Global Impact"Nuveen’s expertise and funding will help us meet our expansion plans and we look forward to working with them to develop our climate initi...
- PM monitoring Niti project to ensure credit for bottom of pyramid borrowersWhile details are yet to be finalised, the repayments on these loans will be structured in such a way that future DBT inflows to the benefi...
- No relief for Mudra Shishu loan borrowers during moratoriumThe subvention will begin from June for the next one year for borrowers that had opted out of the moratorium offer. RBI extended the morato...
- No slowdown in lending to the poor in July 2018-July 2019Loans to weaker sections soared 26%, credit to large industries rose 7%.
- Don't make fortune out of poor: Rajan to micro lendersThe concept of the fortune at the bottom of the pyramid originally appeared in an article by Prahalad and Stuart L Hart in business journal...
- Pyramid Saimira to raise $ 400 million through securitiesEntertainment firm Pyramid Saimira on Friday said it will raise up to $400 million (about Rs 1,617 crore) through issue of securities in th...
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