Latest Updates Around The World
Nirmal Jain, Founder of IIFL Group and Managing Director of IIFL Finance The board of non-banking major IIFL Finance may evaluate options in the next three to six months, including a possible listing of its home finance subsidiary IIFL Home Finance, through a demerger or other appropriate structure, founder Nirmal Jain said. business line. The […]
Nirmal Jain, Founder of IIFL Group and Managing Director of IIFL Finance The board of non-banking major IIFL Finance may consider planning an initial public offering (IPO) for its housing finance company (HFC), IIFL Home Finance, in the next three to six months, the group’s founder Nirmal Jain said. business line. The IIFL group may […]
Reserve Bank of India (RBI) Deputy Governor Swaminathan J (file photo) | Photo credit: ANI Reserve Bank of India (RBI) Deputy Governor Swaminathan J said microfinance, if provided responsibly, can become an engine of broad-based economic progress and play a crucial role in advancing India’s journey towards Viksit Bharat 2047. Speaking at the launch of […]
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 remained a major resistance to the performance of small financial banks, in particular ESAF, Suryoday and Utkarsh, with about one fifth of their microloan books under stress, even if new loans were paid this year, a better repayment record. This could weigh on the profitability of banks, in particular ESAF and Utkarsh […]
Microfinance company Spandana Sphoornorty Financial suffered a consolidated net loss of RS 360 Crore in the first quarter of the tax, making it the fourth consecutive quarterly loss, due to a high stress and decrease in business volume and income. The lender had earned a consolidated net profit of RS 56 Crore in the period […]
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 […]
