Microfinance

Micro lenders looks towards normalcy in Assam as protests against CAB cause delay in loan repayment

Microfinance institutions which have started witnessing delay in loan repayment in Assam following the outbreak of protests against the new citizenship law are keeping their fingers crossed for a stability in their operations, industry insiders said

Sachin Bansal picks up majority stake in fintech company CRIDS, assumes role of CEO

Flipkart co-founder Sachin Bansal has picked up a stake in Chaitanya Rural Intermediation Development Services (CRIDS) and has pumped in Rs 739 crore in the non-banking financial company

Microfinance industry posts 43% growth in loan portfolio to Rs 1.66 lakh cr in December quarter: Report

Microfinance industry posted 43.1 percent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of Rs 1,66,284 crore, a report by MFIN said on Monday

Sajjan Jindal's daughter-in-law Anushree launches microfinance venture Svamaan Financial Services

JSW Group chairman Sajjan Jindal's daughter-in-law Anushree on Tuesday announced a micro-lending venture to help uplift the underserved segments.

Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet

In 2017-18, non-banking finance companies (NBFCs) were the largest net borrowers from the financial system

CreditAccess Grameen lists at a discount on the bourses; opens at Rs 385 against issue price of Rs 422

CreditAccess Grameen, which recently concluded Rs 1,131-crore initial public offer (IPO), was subscribed more than two times during the August 8-10 offer period

As communities in north, east Sri Lanka drown in debt, government struggles to regulate micro-finance

A new loan to repay an earlier loan; the cycle of debt never seems to end for many families in post-war north and east Sri Lanka.

Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank

In April 2014, Bandhan was one of the two entities, another was IDFC, that won banking licence from the RBI defeating big companies in the fray

Amazon partners with Bank of Baroda to offer micro loans to sellers

The sellers on Amazon will receive pre-approved indicative offers from the bank for the loan amount they are eligible.

Swaraj at 70 Part 7: India needs a more inclusive model of development, says Vijay Mahajan

Vijay Mahajan talks about how three million poor households are looking for Swaraj through microfinance and livelihood promotion services.