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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Microfinance industry posts 43 per centh growth in Q3 FY'19

Microfinance Institutions Network (MFIN) is an RBI recognised self-regulatory organisation and industry association.

25 Feb 2019 12:02 PM GMT

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

MFIs loan book clips past 43 per cent to Rs 1.66 tln in Q3

Total numbers of microfinance accounts were at 8.91 crore as of December 2018.

25 Feb 2019 11:27 AM GMT