Search result for 'microlender'

MFIN Tightens Underwriting for Lenders Amid Over-Indebtedness

October 8, 2024 16:20

MFIN, the microfinance industry's self-regulatory body, has tightened loan underwriting guidelines to address concerns about over-indebtedness among borrowers. The revised guidelines aim to ensure...

RBI to Allow Multiple SROs for Fintechs: Das

August 28, 2024 20:51

Reserve Bank Governor Shaktikanta Das announced that the RBI will permit at least two industry bodies to operate as self-regulatory organisations for the fintech sector. The central bank is...

Arohan Financial Services Q1 Profit Jumps Fourfold to Rs 104 Cr

August 9, 2024 11:48

Arohan Financial Services reported a significant jump in net profit to Rs 104.08 crore in Q1 FY25, driven by strong business growth and earnings. The MFI's AUM also saw a notable increase, while...

MFI Sector Lowers Rates, Demonstrating Maturity - MFIN

August 2, 2024 13:51

Microfinance Industry Network (MFIN) reports a reduction in interest rates by microfinance entities, attributed to efficiency gains and responsible lending practices. Learn more about the sector's...

Micro Lenders Cut Rates: RBI Flags 'Usurious' Charges

August 1, 2024 17:25

Microfinance institutions have cut loan interest rates and adopted guardrails following RBI's concerns about 'usurious' charges. MFIN, the industry body, says members have reduced rates by 1.50%...

Satin Creditcare Secures €15 Million Loan from Austrian Lender

July 10, 2024 22:19

Satin Creditcare has borrowed €15 million from OeEB, Austria's development bank, to empower rural women entrepreneurs in India.

Women MSME Credit Low: RBI Flags Barriers to Growth

July 5, 2024 17:04

RBI Executive Director highlights low female labor participation and limited credit access for women-led MSMEs as major hurdles to economic growth and financial inclusion in India.

RBI Appoints Retired CGM Singh to Bandhan Bank Board

June 24, 2024 23:45

The Reserve Bank of India (RBI) has appointed A K Singh, a retired chief general manager, as an additional director on the board of Bandhan Bank for one year. This appointment comes ahead of the...

Arohan Financial Services Q4 Profit Surges 377% to Rs 103.16 cr

May 31, 2024 13:49

Arohan Financial Services reported a massive 377% jump in net profit to Rs 103.16 crore in Q4 FY24, driven by strong loan portfolio growth and zero net NPA. Revenue also grew significantly.

India Inc Votes: Business Leaders Prioritize Stability, Development

May 20, 2024 20:01

Indian corporate leaders cast their votes in the Lok Sabha elections, emphasizing the importance of a stable government, economic growth, and poverty alleviation.

Piramal Invests Rs 600 Cr in Microlender Annapurna Fin

May 13, 2024 18:08

Piramal Alternatives invests Rs 600 crore in Annapurna Finance, a microfinance company, for an undisclosed stake. The investment will fuel the growth of Annapurna's assets under management.

NPCI Bharat Billpay Enables NCMC Recharge via SBI App

April 18, 2024 21:38

NPCI Bharat Billpay partners with SBI to allow NCMC cardholders to recharge their cards via the SBI app, expanding NCMC usage for travel and other services.

Ananya Birla's Svatantra Gets Rs 1,930 Cr Investment

March 4, 2024 20:05

Ananya Birla's microfinance company Svatantra receives Rs 1,930 crore investment from Advent and Multiples, marking the largest investment in any microfinance institution. The investment aims to...

RBI Dy Guv: NBFCs Shouldn't Seek Bank Licenses

February 9, 2024 15:23

Reserve Bank Deputy Governor M Rajeshwar Rao says NBFCs enjoy advantages and shouldn't seek bank licenses. He also criticizes some microlenders for high interest rates and P2P platforms for...

Spandana Sphoorty Financial Profit Soars 79% to Rs 127 Crore

January 22, 2024 18:06

Spandana Sphoorty Financial reports a significant jump in net profit for the October-December quarter, driven by improved asset quality and loan growth.

Muthoot Microfin IPO: Price Band Fixed at Rs 277-291

December 13, 2023 18:46

Muthoot Microfin, the microlending arm of the Muthoot Pappachan Group, has fixed the price band for its Rs 960 crore IPO at Rs 277-291. The IPO opens on Monday.

Arohan MFI Boosts Digital Lending for Higher Repayment Rates

November 25, 2023 12:40

Arohan Financial Services sees digital lending as a key growth driver, achieving 99% repayment rates and faster disbursements compared to traditional methods. The MFI aims to disburse Rs 160 crore...

Company Name
Price
Volume

Standard Capital
1.50 ( -0.66)
36469489

Vodafone Idea L
9.12 (+ 0.22)
34742533

Srestha Finvest
0.81 ( -4.71)
27777771

Spicejet Ltd.
66.47 (+ 1.16)
20250094

KBC Global
2.35 (+ 1.73)
15267597

Gen Z Spending Power: USD 860 Billion Impact on...

India's Gen Z, 377 million strong, holds USD 860 billion spending power, driving 43% of...

Nestle CMD on Quality & Safety: 'No Jugaad,...

Nestle CMD Suresh Narayanan stresses the importance of quality and safety as cultural...

Shree Cement Ras Plant Lab Earns NABL...

Shree Cement's Ras plant lab in Rajasthan receives NABL accreditation, ensuring high...

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