Bajaj Finance to launch microfinance, tractor and commercial vehicle financing
The NBFC major is estimated to add 14 million customers—11 million offline and 3 million digital--- in this financial year.
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Bajaj Finance’s Fire Fighter
Rajeev Jain has led the Pune-headquartered company’s digital transition and launched new lines of businesses, adding to its heft.
CA Grameen: A Resilient Ecosystem
Business efficiency and prudent lending practices have kept the Dutch-owned micro lender on top of the MFI pyramid.
Micro credit grows to ₹2.63 lakh cr, MFI loans up 19% in 2021-22
The average ticket size per loan stood at ₹39,903 as on March 2022 whereas it was ₹36,510 as on March 2021.
RBI's microfinance rules offer more flexibility to NBFCs: ICRA
This comes days after the banking regulator removed the cap on the rate of interest charged by microfinance NBFCs.
Microfinance causing 'debt trap', 'harsh recovery'; needs stringent regulations: RBI Dy Guv
MFIs that account for 70% of loan portfolio not guided by regulations meant to protect customers, says deputy governor Rajeshwar Rao.
Is India on the cusp of a new fintech revolution?
India has liberalised regulations relating to geospatial data and maps. The sweeping changes are radical and Prime Minister Narendra Modi may have unleashed a trillion dollar fintech opportunity.
Bandhan Bank: An ear to the ground
Beginning its life as a microfinance company, Bandhan Bank has made its name as a commercial bank to watch out for. It now wants to leapfrog into the future. Will it be able to work its magic again?
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
RBI’s FRIDAY BAZOOKA TO BEAT COVID-19 BLUES
A ₹1-lakh crore liquidity window, reduction in reverse repo rate, support for NBFCs, and relaxation of NPA classification norms are ways in which the RBI wants to keep the economic wheel turning.
