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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 5:32 PM IST

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 4:57 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI stiffens rules, makes loans costlier for NBFCs to borrow

Now any loan to an NBFC which is due to pay to the banks Rs 200 crore or above, will now lure a risk weight of 150 per...

23 Feb 2019 7:10 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI bundles NBFCs into 1 type,offering operational flexibility

The central bank also decided that exposures to all NBFCs will be risk weighted as per credit ratings.

23 Feb 2019 5:58 PM IST

The estimate is based on Crisils assessment of embedded value in the top 50 NPAs in the banking system. (Representational image)

Crisil-Sidbi survey claims improvement in MSME sentiment in Q3

Interestingly, the RBI, persuaded by the government, announced a special relief package of loan recast (up to Rs 25...

23 Feb 2019 11:41 AM IST

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

Bajaj Finance Fixed Deposit (FD) offers 9.10 per cent return to senior...

This will serve as an essential corpus building time for investors, especially senior citizens.

22 Feb 2019 5:02 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Total gross loan of microfinance industry grows 6 pc to Rs 65,090 cr...

Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore.

22 Feb 2019 10:38 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Liquidity constraints continue in the market despite bank recoveries:...

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM IST

The profit after tax (PAT) growth of Nifty 50 companies is at 4 per cent, which is in line with the estimates, excluding the abnormal results of Tata Motors.

Earnings season disappoints again as margins come down

Banks, including HDFC Bank, Axis Bank, ICICI Bank and Kotak Bank, posted good results.

16 Feb 2019 1:54 AM IST

Reliance Group Chairman, Anil Ambani (Photo: File)

Reliance Group says L&T Finance, Edelweiss Group caused share drop

Reliance Infrastructure Ltd and Reliance Power Ltd, and made open market sale of about 4 billion rupee during Feb 4-7.

8 Feb 2019 3:10 PM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

Credit flow to NBFCs to go up

The RBI has aligned the risk weights for bank exposures to all categories of NBFCs other than Core Investment Companies...

8 Feb 2019 1:33 AM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

RBI to issue guidelines for harmonisation of NBFCs by month end

The guidelines for harmonisation of NBFCs would be issued by the end of this month.

7 Feb 2019 3:52 PM IST