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RBI bars Navi Finserv, 3 other NBFCs from extending loans

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant......

MFIs' asset quality takes heatwave hit

The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers’ incomes and collections, coupled with rumours of loan......

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......

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Mfis

News for Mfis

RBI bars Navi Finserv, 3 other NBFCs from extending loans

MFIs' asset quality takes heatwave hit

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

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