The report highlighted that the recovery in disbursements was primarily led by NBFC-MFIs, which recorded 10 per cent QoQ and 27 per cent YoY growth by value. Banks also posted a sequential uptick of 13 per cent QoQ, though YoY growth remained negative. Small Finance Banks (SFBs) reported mod
New Delhi [India], February 26: Aye Finance, India's leading financial institution providing business loans to the largely underserved micro-scale enterprises, has been recognised as one of India's most dynamic businesses, ranking 26th in the prestigious 'India's Fastest-Growing Companies 20
The Asian Development Bank (ADB) has signed a senior secured debt financing package of up to USD 108 million (in Indian rupee equivalent) with Aavas Financiers Limited to expand access to affordable housing loans for lower-income households and business loans for micro, small, and medium-siz
India's renewable energy sector is facing low risk in refinancing its US dollar loans, even though many of these loans require full repayment at maturity, according to a report by Fitch Ratings.
Addressing a press conference, post customary post-Budget meeting with Central Board of Directors of the RBI, the Finance Minister said, "I am glad that the RBI is coming up with guidance on why mis-selling is not going to be entertained. The message should go to the banks that you cannot
Union Minister of State for Rural Development and Communications, Chandra Sekhar Pemmasani, on Saturday, said that Rs 8,000 crore has been provided for women to avail loans on an individual basis, instead of as a self-help group.
New Delhi [India], February 20: Gig work is increasing--think ride-share drivers, freelancers, and delivery folks powering the Indian economy. But a paper in the American Journal of Humanities and Social Sciences Research paints a tough picture: 60% of gig workers struggle to get formal cred
New Delhi [India], February 18: Applying for a mortgage loan no longer has to feel like a paperwork-heavy, time-consuming task. With lenders moving towards digital verification and simplified checks, borrowers today can access large funds using their property with far less documentation than
Pune (Maharashtra) [India], February 16: Bajaj Finance Limited, one of India's leading non-banking financial companies (NBFCs), continues to offer instant personal loans with quick and hassle-free approvals, enabling customers to apply for personal loan quickly and conveniently through its a
Pakistan's highway authority has become the federal government's largest financial burden, with losses exceeding PKR 2 trillion and liabilities nearing PKR 3.1 trillion, Dawn reported. Despite higher toll revenues and fresh government loans, deficits persist as rising interest costs, expense
New Delhi [India], February 14: Since 1995 Chintamani Finlease Limited has been quietly building something more valuable than a loan portfolio -- trust. Based in Delhi, the company has spent almost three decades helping individuals and businesses entrepreneur to move forward with confidence,
Pakistan's fragile external financing framework continues to undermine economic stability, with policymakers stating that dependence on foreign loans leaves the country exposed to recurring crises. Business representatives and economists argue that recent improvements in reserves do not reso