The microfinance sector (MFI) is expected to remain under distress for the entire current financial year, according to a recent report by Motilal Oswal.
RBI Deputy Governor M. Rajeshwar Rao made the remarks while delivering the keynote address at the launch of MFIN's India Microfinance Review in Mumbai on Friday.
Mumbai (Maharashtra) [India], May 24 (ANI): India Ratings and Research (Ind-Ra) said on Monday that collections for microfinance institutions (MFIs) and small finance banks (SFBs) are estimated to have declined 3 to 5 per cent in April and additional 5 to 7 per cent in first fortnight of May
Ahmedabad (Gujarat) [India], March 26 (ANI/BusinessWire India): With about 190 million adults without a bank account, India has -after China- the second-largest unbanked population in the world (World Bank). The microfinance sector has become a key instrument to fight financial exclusion in
New Delhi [India], May 26 (ANI/Digpu): During the increasingly aggravating epidemic of COVID-19, where the national economy is being significantly impacted, SATYA MicroCapital Limited, one of the leading and fastest-growing micro-lending companies in the nation, has raised Rs 105 crore in eq