Combined microcredit portfolio of all lenders as on 31 December, 2018, was ₹1,57,497 crore The report is based on data provided by 124 microfinance institutions
1 min read21 Feb 2019Arohan Financial will use the funding from promoters Aavishkaar-Intellicap and others to strengthen its capital adequacy ratio to expand in the 10 low-income states it is currently present in, says MD Manoj Kumar Nambiar
2 min read10 Sep 2018RBI has proposed that banks meet their priority sector lending targets through co-origination of loans with NBFCs
2 min read6 Aug 2018'Micro-Meltdown', written by SKS Microfinance founder Vikram Akula, once the poster boy of Indian microfinance, is a gripping tale of what it takes to build a world-class financial institution and how to destroy it
4 min read18 Jun 2018Kedaara Capital's investment is a first by a mutual fund in microfinance firm Spandana Sphoorty since it exited corporate debt restructuring
1 min read8 Nov 2017Centrum Capital has acquired FirstRand Bank's microfinance business in India to start Centrum Microcredit, which received RBI licence to start its own microfinance business on Wednesday
2 min read2 Nov 2017Microfinance companies raised merely Rs726 crore through the sale of asset-backed securities in the third quarter compared to Rs3,498 crore in the September quarter
2 min read20 Feb 2017Around 1.26 million microfinance borrowers with top-up loans have an average loan exposure of Rs45,400, much higher than the national average of Rs22,000
2 min read30 Jan 2017Microfinance firm Disha Microfin is in the process of applying for final approval from RBI and expects to launch a bank in April 2017
2 min read27 Dec 20162016's black swan events, such as demonetisation and Donald Trump's rise, are certain to impact India's banking sector in 2017, bad loans and new banks aside
6 min read2 Jan 2017The 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