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Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. Photograph: PTI Photo from the......

Banks turn cautious on lending to smaller microfinance players

Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher......

Gold loan business is shining as regulatory scrutiny of sector grows

In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. Illustration: Dominic......

Bandhan Bank's micro challenges: Unsecured loan book, CEO's tenure

It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. Photograph: Rupak De Chowdhuri/Reuters A year later, in......

'Money lending has become prudent and conservative'

'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.' Illustration: Dominic Xavier/Rediff.com Microfinance institutions (MFIs) have become......

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Mfis

News for Mfis

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Banks turn cautious on lending to smaller microfinance players

Gold loan business is shining as regulatory scrutiny of sector grows

Bandhan Bank's micro challenges: Unsecured loan book, CEO's tenure

'Money lending has become prudent and conservative'

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