The microfinance industry's gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020
More women have resorted to unsecured personal loan borrowings, according to a report.
The firm said it has already surpassed its target of facilitating disbursal of Rs 1,000 crores of business loans to its merchant partners
The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December
Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour
He pointed out that the PMAY and PMSY were ambitious schemes introduced by Prime Minister Narendra Modi for the benefit of the poor
The firm has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company's dealers
Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21
Renewed focus on MFI loans and credit cards should put the bank on growth trajectory after six quarters
State Bank of India on Friday announced an interest concession of up to 30 basis points on home loans and a 100 per cent waiver on processing fees
West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent
Loans disbursed to the MSME sector have doubled during the rule of BJP government led by Chief Minister Yogi Adityanath, a govt spokesperson said
China termed as baseless the reports that it has sought additional guarantees from Pakistan for sanctioning a 6 billion loan for a railway line project
China has in a turn of events now demanded guarantees before sanctioning fresh $6 billion in loan to Islamabad
Analysts say it is unusual for Riyadh to press for the return of money
Dinesh Kumar Khara said banks need to have enough confidence into various models of the MSMEs and also the commitment level of such entrepreneurs
14 banks signed up for a deal last week that will give RIL the distinction of raising the highest debt from international lenders by an Indian firm
Both the firms have disbursed around Rs 31,100 crore under the package
The RBI urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders
In this podcast, Business Standard's Sanjay Kumar Singh answers all your questions and try to explain in detail about the reimbursement plan