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Microfinance

Microfinance

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Muthoot Microfin IPO allotment – How to check allotment, GMP, listing date and more

Kochi-based Muthoot Microfin, which offers micro-loans to female customers, especially in rural are…

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Muthoot Microfin IPO subscribed 82% on first day of offer

The initial public offer of Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan grou…

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The IPO Rush: Grey market stays bullish, as retail investors can’t get enough

It’s the week where eight companies are hitting the primary market with their share offerings. Thes…

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Bihar surpasses Tamil Nadu to top average borrower loans in the country

The microfinance sector in India continues to grow, with a total outstanding portfolio of ₹337.6 th…

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Microfinance lending shows strong growth in 2022, NBFC MFIs dominate the market

Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22…

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Speedy, small loan market sees Muthoot Microfin make an entry

The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…

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India’s microfinance loan portfolio stands at ₹3 lakh crore with 6 crore unique borrowers

The Indian microfinance loan industry today serves 6 crore unique borrowers having 11.8 crore loan …

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Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor

Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…

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Kotak Mahindra Bank acquires microfinance institution Sonata Finance for ₹537 crore

Kotak Mahindra Bank said on Friday that it has executed a binding share purchase agreement to acqui…

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1 in 2 micro loans are being rejected since April, thanks to RBI's new microfinance framework

One out of every two applications for small loans have been rejected ever since the Indian central …

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Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners

Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners

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Nobel Peace Laureate Muhammad Yunus says building the rural economy is the key to halt migration

Microfinance institutions should create programmes like venture capital to create entrepreneurs …

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Bandhan Bank shares have gained 54% since lockdown started⁠— but the numbers will reveal the real damage to rural India from COVID-19

So far, the share price reflects some optimism. It’s up over 54% since the lockdown starting Mar…

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Microfinance industry growth slows to 24.22 pc in Q3

As on December 31, 2019, the industry served 5.64 crore unique borrowers through 10.11 crore loan …

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Do away with GST on services by microfinance companies: Industry's Budget wish-list

New Delhi, Jan 9 () Microfinance industry body Sa-Dhan in its wish-list for Budget 2020-21 has urge…

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Government is planning easy loans for rural households

The government is considering the launch of micro-credit programme which would provide easy loans …

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Exclusive: This Junior Birla’s packing in a Big Punch, meet Ananya Birla

Her Mumbai-based startup was officially launched on March 1, 2013, and offers micro loans at one of…

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India's financial institutions were hit hard by Modi's demonetisation move, but here's why BFSI still managed to sail through

According to Roopank Chaudhary - Associate Partner & Head, McLagan India, there has been a sign…

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Vodafone is depending on its enterprise business to drive growth

This move comes along as Vodafone is looking to beef up its enterprise services at a time when its …