Government Launches ₹20,000 Crore Credit Guarantee Scheme for MFIs
The government has launched a ₹20,000 crore credit guarantee scheme aimed at supporting microfinance institutions (MFIs), strengthening credit flow to
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microfinance
RBI asks microfinance lenders to prioritise borrower income stability
Reserve Bank of India has urged microfinance institutions (MFIs) to shift focus from mere access to credit towards ensuring long-term
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The Role of Credit Scoring and Alternative Lending in India’s Financial Inclusion
Introduction Financial inclusion has emerged as a critical driver of economic growth and social development in India, particularly those traditionally
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Foot soldiers battle low pay
Business correspondents (BCs) have played a stellar role in increasing the reach of banking services to the unbanked and underserved
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Synergistic Financing: Unlocking Co-Lending Potential
Introduction Co-Leading has become a regular feature of our daily newspaper and magazines. Not even a day goes by without
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Banking Editorial December 2024
The Indian banking and finance sector continues to demonstrate resilience and adaptability, even amidst evolving challenges and dynamic economic conditions.
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In FY23, the microfinance industry lent Rs. 3.48 trillion.
In the Financial Year 2022–2023 (FY23), the microfinance industry gave loans totallingRs 3.48 trillion to 660 million customers, according to
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RBI: New microfinance norms will bring down credit risk
The RBI has said that its regulations on microfinance are aimed at improving the credit worthiness of borrowers and enable
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Microfinance loans grow 24% YoY in Q1
The loan portfolio of micro-finance institutions (MFI) increased 24 per cent year-on-year (YoY) to Rs 2.75 trillion by end of
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RBI liberalises norms for microfinance industry
The RBI revamped its norms for microfinance, making them uniform across lenders, removing the ceiling on interest rates and hiking
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