Microcredit

Ghosh says bank is looking to increase branch count to 8,000 nationally from the current 5,640

The Reserve Bank of India's recently released guidelines for app-based loans show a clear desire to rein in the industry after its pandemic-era excesses

When the private lender started operations in August 2016, microcredit constituted 85 per cent of its total loan portfolio

Abhijit Banerjee and Esther Duflo of the MIT, and Micheal Kremer of Harvard University, have been awarded for their experimental approach to alleviating global poverty

According RBI data, at the end of May, 2018, the loan outstanding in microcredit segment was close to Rs 197 bn, against Rs 142 bn in May, 2017, representing a growth of about 38%