The outstanding refinance provided by the government under the Mudra scheme as of March 2017 was just Rs6,114 crore or not more than 2% of the cumulative disbursals for the first two years
2 min read27 Mar 2018Bond yields and loan rates are on the climb and this will begin to hit the cost of borrowings for NBFCs. Considering they are heavy borrowers in both markets, margins will be under threat
2 min read5 Mar 2018HDFC saw loan disbursals in the December quarter come from economically weaker and low income group, the two categories which are the biggest beneficiaries of government-sponsored schemes under Pradhan Mantri Awas Yojana
2 min read30 Jan 2018Maharashtra Finance Minister Sudhir Mungantiwar has said that over 50 lakh people have received loans under the Mudra scheme in the last two years in the state
1 min read12 Jan 2018Bharat Financial Inclusion's September quarter revenue rises 12% to Rs505 crore from Rs450 crore a year ago
1 min read28 Oct 2017In other news, Coal India posts strong sales volume growth in April; purchasing costs rise for nineteenth month in April
1 min read3 May 2017DCB Bank reported a net profit of Rs52.86 crore for the quarter to March, a 24% decline from a year ago
1 min read17 Apr 2017Unless loan disbursals pick up, the near-collapse of credit growth spells doom for future earnings, especially when banks' turf is threatened by bond market and new players
2 min read9 Jan 2017Net profit rose to Rs3,356.8 crore in the three months ended 31 December from Rs2,794.5 crore in the year earlier
3 min read26 Jan 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared