Search For "microfinance"
CM Siddaramaiah will step down by November 15 or 16: Karnataka LoP R Ashok
Updated : 1 year, 1 month ago IST
Karnataka Leader of Opposition R Ashoka claimed that Chief Minister Siddaramaiah would step down by November 15 or 16 and an infighting was going on between Chief Minister and Deputy CM DK Shivakumar.
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"Ordinance to end torture of the poor by microfinance companies": DK Shiva
Updated : 1 year, 1 month ago IST
Karnataka Deputy Chief Minister DK Shivakumar on Monday said that the government has planned an ordinance to stop the exploitation of the poor by microfinance companies in the name of loan recovery.
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IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 crore, Core Operating Profit up 15%
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], January 25: IDFC FIRST Bank has reported a strong financial performance for Q3 FY25, with a Profit After Tax (PAT) of Rs. 339 crore and a 15% YoY increase in core operating profit. The bank saw significant growth in key areas, including a 28.8% rise in custom
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Supported by the Luxembourg Government, the LHoFT and the ADB Announce the
Updated : 1 year, 1 month ago IST
Luxembourg, January 22: The Luxembourg House of Financial Technology (LHoFT) announces the second edition of Catapult: Inclusion Southeast Asia, an acceleration program dedicated to advancing financial inclusion across the ASEAN region. In partnership with the Asian Development Bank (ADB), t
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Small Finance Banks' growth to moderate to 18-20 pc in FY2025: Report
Updated : 1 year, 1 month ago IST
ICRA forecasts that the Gross Non-Performing Asset (GNPA) ratio will increase to 2.6-2.8 per cent by the end of March 2025, reflecting heightened stress, particularly in the microfinance segment.
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India's microfinance sector faces challenges as states like Bihar account
Updated : 1 year, 2 months ago IST
The microfinance sector in India is grappling with significant challenges, as highlighted in a recent report by Motilal Oswal, it noted that states like Bihar are emerging as hotspots for overdue loans, reflecting deep regional disparities in the microfinance landscape.
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Annapurna Finance Recognized for Leadership in Client Protection and Finan
Updated : 1 year, 4 months ago IST
Bhubaneswar (Odisha) [India], November 12: Annapurna Finance Pvt. Ltd. (AFPL), a leading NBFC-MFI in India, has been highlighted in 60 Decibels' 2024 Microfinance Index for its transformative role in enhancing the financial resilience of underserved communities. With a significant focus on w
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Bihar, UP, Karnataka leading growth of microfinance industry: Report
Updated : 1 year, 4 months ago IST
States like Bihar, Uttar Pradesh and Karnataka are emerging as leaders of growth in the microfinance industry.
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IDFC FIRST Bank Q2 FY25 PAT at Rs. 201 Crore, Core Operating Profit up 28%
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], October 28: Financial results at a glance: The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter and half year ended September 30, 2024.
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Microfinance Loans at Rs 4.42 Lakh Crore Need Sustainable Financing to Boo
Updated : 1 year, 4 months ago IST
New Delhi [India], October 28: The 'Bharat Microfinance Report' released by Sa-dhan, India's largest self - regulatory organisation of Impact Finance Institutions, has observed that the micro-finance institutions, particularly the 'For - Profit' organisations like NBFC-MFIs, NBFCs and SFBs s
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Microfinance sector to remain in distress in FY 25 - Motilal Oswal
Updated : 1 year, 4 months ago IST
The microfinance sector (MFI) is expected to remain under distress for the entire current financial year, according to a recent report by Motilal Oswal.
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RBI may act against more NBFCs to check obscure lending practices: Morgan
Updated : 1 year, 4 months ago IST
Reserve Bank of India's (RBI) Thursday action against four NBFCs and asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
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