One hopes that the 'digital pigmy' of UPI 2.0 might address the issue of anaemic online transaction numbers, and usher in the real potential of an economy built on a Digital India
5 min read1 Jan 2018An NGO that has formed 3.9 lakh self-help groups (SHGs), through continuous innovations, is revolutionizing rural bankinghanding out small loans at a much lower interest rate than what microfinance institutions are charging
10 min read27 Nov 2017Demonetisation has adversely affected the growth in clients, loans disbursed and repayment rates
4 min read10 Oct 2017Uttar Pradesh's farm loan waiver plan covers small, marginal farmers with debts of up to Rs1 lakh, leaving the rest a worried lot
4 min read27 Jun 2017Loan disbursements under Pradhan Mantri Mudra Yojana, the government's micro loans scheme, are at only 62% of the target for 2016-17
2 min read28 Mar 2017Bandhan Bank stops disbursing new loans following withdrawal of Rs500 and Rs1000 notes and the resultant cash crunch in the country
2 min read16 Nov 2016AU Financiers, which received in-principle approval to start a small finance bank, will go for a pure offer for sale, says managing director Sanjay Agarwal
2 min read22 Sep 2016Loans worth Rs1,500 crore extended by group's small loans unit to be gradually transferred to new entity, which will begin operations in a few months
2 min read1 May 2015Numbers slip to 195 mn in 2011 from 205 mn a year ago; purported abuses cast a shadow over industry, says study
2 min read5 Feb 2013AP refuses to budge on microfinance legislation
5 min read19 Jul 2011The 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