Latest Updates Around The World
India’s benchmark indices – the Nifty and the BSE Sensex – ended sharply lower on Friday, driven by broad selling pressure. Auto, financial services and FMCG stocks were among the top laggards, while the IT sector witnessed selective buying.In a volatile trading session, the broader Nifty fell 317.90 points, or 1.25%, to close at 25,178.65. […]
Shares of Utkarsh Small Finance Bank, L&T Finance and Fusion Finance plunged to 11% on Friday after the Bihar Assembly passed the MFI Bill 2026, which sought to tighten supervision of microfinance institutions and curb coercive recovery practices.Fusion Finance was the worst hit, falling 11% to the day’s low of Rs 181 on the BSE. […]
After a turbulent phase, the microfinance industry is now a gradual path to recovery, supported by operational reforms and structural shifts that promise to strengthen the Fundamentals of the sector in the long term. Although the road to standardization is slower than expected, industry experts believe that the worst credit cycle is lagging behind. Industry […]
Kolkata: Microfinance company Fusion Finance expects to turn from the third quarter, while the company would try to lower the concentration risk by increasing the share of secure lending to micro, small and medium -sized companies, CEO Sanjay Garyali told ET. “The growth begins in the MSME room. The priority would be MSME in the […]
Lack of financing places small and medium -sized MFIs in a difficult place Photocredit: Marchmeena29 Banks, in particular the public sector (PSBs), have stopped expanding loans under “A” rated micro-financing institutions (MFI) while stress continues to rise in the sector, sources say. “Last year’s negative developments in the sector have led most banks to include […]
Microfinance company Fusion Finance RS 92.25 Crore loss of net loss against a net loss of RS 35.62 Crore in the period of the year ago. This is the fifth consecutive quarterly loss for the lender, who has violated various financial covenants with regard to loans in the amount of RS 3.567 Crore on 30 […]
