Search result for 'responsible lending'

Worst over for MFIs, but adequate funding support is crucial. SRO emphasizes stability, growth, and regulatory adherence.

Most PSU banks have removed minimum balance charges on savings accounts. Financial inclusion boosted by zero balance accounts.

SBI Chairman C S Setty outlines the bank's strategy for sustainable growth, emphasizing CASA, fee income, and digital initiatives. Learn about SBI's focus on operational efficiency, customer...

Public sector banks in India reported a record profit of Rs 1.78 lakh crore in FY25, driven by government reforms and recapitalization.

Tamilnad Mercantile Bank reported a net profit of Rs 291.90 crore for Q4 FY25, driven by growth in lending and deposits. Total income rose to Rs 1,542.06 crore.

The Reserve Bank of India proposes to eliminate foreclosure charges on floating rate loans for individuals and MSEs, promoting transparency and customer choice in the lending market.

Indian public sector banks (PSBs) have posted a record Rs 1.29 lakh crore profit in April-December 2022, driven by improved asset quality, strong credit growth, and adequate capital buffers.

Tamilnad Mercantile Bank reported a net profit of Rs 300.24 crore for the October-December 2024 quarter, up by 6 per cent, driven by growth in lending and deposits. The bank also opened 5 new...

IMGC and GIC Housing Finance have partnered to offer innovative mortgage guarantee-backed home loans, aiming to enhance affordability and accessibility in the housing finance sector. This...

Satin Creditcare Network Ltd (SCNL) is prioritizing innovative risk management and efficient collection mechanisms to drive growth amid industry challenges. The company's Chairman discusses...

NBFC-MFIs asset growth is expected to moderate to 5% in FY25 due to stricter lending norms, according to Icra. The report highlights challenges from borrower over-leveraging, socio-political...

Microfinance Institutions Network (MFIN) announces new lending norms to make lending more responsible following RBI concerns on high interest rates and multiple loans. The new rules limit...

Public sector banks (PSBs) in India reported strong performance in H1 FY25, with 26% growth in net profit and 11% increase in business, according to the finance ministry.

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...

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%...

MFIN recommends limiting micro-credit indebtedness to Rs 2 lakh per borrower and restricting lenders to a maximum of four. The industry body emphasizes responsible lending and data quality for...

Finance Minister Nirmala Sitharaman highlights Modi government's success in turning around the banking sector, recovering over Rs 10 lakh crore in bad loans and implementing reforms for greater...

Public sector banks in India recorded a massive 35% increase in profit in FY24, reaching Rs 1.4 lakh crore. This growth is attributed to government reforms and recapitalization efforts.

Aptus Value Housing Finance reported a 21% increase in profit after tax for Q4 FY24, reaching Rs 164 crore. Total disbursements also saw a significant rise.

Finance Minister Sitharaman asks state-owned banks to offer innovative deposit schemes to boost credit and address fraud concerns.