For FY23, its post-tax net profit declined to Rs 12.31 crore against Rs 69.8 crore in the year-ago period. A statement from Spandana Sphoor...

A large section of India’s population continues to face a huge credit crunch and most micro borrowers end up taking credit from informal se...

The company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating prof...

These are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...

Borrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the financ...

Mired in debt Assam micro borrowers’ indebtedness is more than double the national average.

The issue comprises fresh share sale for Rs 400 crore and an OFS for about Rs 800 crore.

As state-run banks struggle with huge bad loans, investors have been piling on non-banking financial companies and private banks, pushing u...

Experts say investors should tweak portfolios towards the 'Bharat' theme or slightly increase exposure to stocks that cater to that theme.

Microlending platform MicroGraam now expects over 15,000 borrowers in India & will be crowd-funded by Kiva lenders over the course of this ...

Uttar Pradesh seems to be the new Mecca for microfinance, with Andhra Pradesh having abdicated that role thanks to a tough law in 2010.

For investors and entrepreneurs in businesses serving low-income groups, doing good while making money is an alluring prospect.

The new investment vehicle, which will look to make equity-linked investments in startups is expected to be launched in the second-half of ...

"The present transactions will generate liquidity for SKS Microfinance and also bring in the concomitant capital relief", CFO Dilli Raj sai...

Kerala-based, all-women micro-lender Kudumbashree will soon sign a pact for providing consultancy services to the National Rural Livelihood...

More than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...

Fuelled by private equity investment and expansion, many of these entities are looking at reaching as many as five million people each in t...