In FY23, the microfinance industry lent Rs. 3.48 trillion.
In the Financial Year 2022–2023 (FY23), the microfinance industry gave loans totallingRs 3.48 trillion to 660 million customers, according to
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microfinance
RBI: New microfinance norms will bring down credit risk
The RBI has said that its regulations on microfinance are aimed at improving the credit worthiness of borrowers and enable
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Microfinance loans grow 24% YoY in Q1
The loan portfolio of micro-finance institutions (MFI) increased 24 per cent year-on-year (YoY) to Rs 2.75 trillion by end of
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RBI liberalises norms for microfinance industry
The RBI revamped its norms for microfinance, making them uniform across lenders, removing the ceiling on interest rates and hiking
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Manappuram Finance looks to take MFI arm Asirwad Microfinance public
Manappuram Finance has recently said that it is toying with the idea of hiving off and taking its microfinance arm
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Co-op bank promotes nomadic tribes
The Kalupur Co-operative Bank in Ahmedabad offers accounts to members of nomadic tribes, who have no permanent address or proof
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