Mon, May 13, 2024
Annapurna Finance managing director and chief executive officer Gobinda Chandra Pattanaik said the growth capital from Piramal will help in business diversification and consolidating position in key markets.
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Wed, Aug 16, 2023
In a release, Moneyboxx said improving operating efficiency with growing Assets Under Management (AUM) and healthy net interest margins underpin the improvement in profitability.
Tue, Jun 13, 2023
The microfinance active loan accounts increased by 14.6 per cent during the past 12 months to 13 crore as on March 31, 2023.
Tue, May 30, 2023
RBI-recognised self-regulatory organisation, Sa-Dhan ED and CEO Jiji Mammen said the overall growth suggests that the industry has come out of the Covid blues and is now on the growth path.
Wed, Feb 15, 2023
India Ratings has revised the outlook on the microfinance sector to 'improving' from 'neutral' and has also maintained the 'stable' rating outlook for FY24.
Sun, Dec 18, 2022
Microfinance industry body MFIN is an RBI-recognised self-regulatory organisation.
Sat, Oct 22, 2022
The private sector lender plans to use the proceeds to expand its microfinance lending to women borrowers in rural communities of Jharkhand, Uttar Pradesh and Bihar.
Tue, Feb 22, 2022
India Ratings has revised upwards its outlook on the microfinance sector to 'neutral' from 'negative' next fiscal, on the back of a revival in growth that could clip at 30 per cent.
Tue, Jan 18, 2022
In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in terms of higher credit costs and access to low-cost long term funds.
Sat, Jun 06, 2020
Microfinance is one such sector which is an impactful medium aimed at reducing poverty, empowering women, and helping them deal with socio-economic disappointments.
Tue, Apr 23, 2019
The microfinance industry may need an external capital of Rs 3,500-4,700 crore over the next three years.
Mon, Feb 25, 2019
In the December quarter, 50 MFIN members collectively disbursed Rs 19,919 crore loans to 77 lakh accounts, it added.
Tue, Jul 31, 2018
Microfinance sector has been growing at a faster pace, but lenders should ensure that the end borrower is not over-leveraged, an Icra report said.
Mon, Aug 07, 2017
As bank credit growth perform at single-digit, banks and firms are tapping the securitisation market so much so that transactions through this has risen by 47% in FY17.
Tue, Dec 20, 2016
Non-banking micro-finance company, Bharat Financial Inclusion Limited (BFIL), on Tuesday unveiled data that showed post demonetisation loan disbursement has witnessed a steady decline.
Mon, Nov 28, 2016
Govind Singh, Managing Director and CEO of Utkarsh Micro Finance said, “"This is a very proud moment for Team Utkarsh and we will continue to be committed to the mission of financial inclusion and offer wide range of banking products to the people.”
Mon, Jun 06, 2016
The shares of the company had listed on the bourses on May 10 at Rs 210 per share.
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