Latest Updates Around The World
Muthoot Microfin’s net profit in the third quarter rose more than 16 times to Rs 62.4 crore compared to Rs 3.8 crore in the same period last year, helped by a decline in provisions to cover bad loans.Credit costs for the quarter were 3.3%, well below the 4-6% guidance for the fiscal year. Provisions in […]
India’s microfinance portfolio continued to contract in the September quarter, although asset quality showed signs of recovery, according to Crif High Mark. | Photo credit: Shashi Shekhar Kashyap/The Hindu The microfinance portfolio for all lenders continued to shrink even in the September quarter, but there was an improvement in asset quality, a report said on […]
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 […]
