microfinance

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    Navigating Economic Uncertainty: Banks' Shifting Priorities

    Mumbai, April 7 Amid the ongoing conflict in West Asia, a consultancy firm on Tuesday urged banks to shift their exposure away from vulnerable small businesses and retail borrowers who may face the impact of layoffs.Banks need to convert early warning signals into decisive action, EY said in a...
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    Crisil: Banks Face Moderating Growth and Rising Delinquencies

    Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to...
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    Piramal Finance Eyes Microfinance and Gold Lending Expansion

    Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...
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    Funding Support for MFIs: Govt Announces Credit Scheme

    Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...
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    Credit Growth Driven by Retail & MSME Amid Sectoral Challenges

    Mumbai, March 18 Fresh slippages in the banking sector are expected to rise in the near term due to emerging stress in the retail and MSME segments, even as overall asset quality remains strong, a report said on Wednesday.Despite this, the report expects the impact on overall asset quality to...
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    Funding Boost for Svasti Microfinance: Key Investors Involved

    Mumbai, March 17 Svasti Microfinance announced on Tuesday a fundraising of ₹47.5 crore, including equity and subordinated debt, from Adar Poonawalla, Abler Nordic, and the Rajiv Dadlani group.The company aims to expand its assets under management to ₹1,400 crore by March 2027, according to an...
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    Financial Inclusion Growth: India’s Welfare Schemes Reach Millions

    New Delhi, March 16: A total of 57.78 crore Jan Dhan accounts with a deposit balance of Rs 2,94,702 crore have been opened (as of February 25) under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Finance Minister Nirmala Sitharaman said on Monday.Of these, 32.21 crore (55.8 per cent) Jan Dhan...
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    MFI Portfolio Contracts by 40% - Banks Lag Other Lenders

    Mumbai, March 16 The outstanding portfolio of microfinance by banks contracted by 40 per cent year-on-year to ₹65,687 crore in the third quarter of FY26, according to a report released on Monday.This is the sharpest decline among all categories of lenders, which also includes dedicated...
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    Empowering Women: Delhi Initiative Focuses on Financial Inclusion

    New Delhi, March 15 – Delhi Assembly Speaker Vijender Gupta highlighted the social and financial challenges faced by women engaged in informal livelihoods, particularly those working in weekly markets and small street-based businesses, on Sunday.Gupta pointed out that such women often lack...
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    Rajasthan Woman Overcomes Challenges to Launch Sanitary Napkin Business

    Churu (Rajasthan), March 8 The story of Rajasthan’s Pana Devi is one of courage, determination, and an indomitable spirit that overcame countless challenges, from childhood to adulthood, and ultimately led to a success story that many would consider near impossible.From a young age, Pana Devi...
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    Maharashtra to Enhance Lift Inspection System for Emergency Evacuations

    Mumbai, March 4 – Chief Minister Devendra Fadnavis announced on Wednesday that the Maharashtra government would further improve the lift inspection system to facilitate quicker evacuations during emergencies."There are currently about 2.10 lakh lifts operating in the state, and 25,000 new...
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    Microfinance Sector Stabilization: Arohan Financial Services Sees Profit Increase

    Kolkata, March 1 Arohan Financial Services announced on Sunday a significant increase in its net profit to Rs 36.48 crore for the quarter ending December 2025, compared to Rs 3.50 crore in the previous year.On a sequential basis, net profit rose by 87 per cent from Rs 19.53 crore in the...
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    Investigation into Microfinance Scam: Natesan Provides Statement

    Kochi, February 19 The VACB, which is investigating the microfinance scam, has recorded the statement of SNDP Yogam general secretary Vellapally Natesan, officials said on Thursday.According to sources from the Vigilance and Anti-Corruption Bureau (VACB), a team led by SP S Sasidharan recorded...
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