microfinance
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Financial Inclusion: PMMY Supports Millions of Indian Businesses
New Delhi, April 8: The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over ₹40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday.The Ministry of Finance stated that the scheme, launched by Prime Minister Narendra Modi in 2015... - H
Crisil: Banks Face Moderating Growth and Rising Delinquencies
Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to... - H
Piramal Finance Eyes Microfinance and Gold Lending Expansion
Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the... - K
MFI Portfolio Contracts by 40% - Banks Lag Other Lenders
Microfinance Portfolio Shrinks 40% Year-on-Year in Q3 FY26 Bank Portfolio Outstanding Declines Sharply A report released on Monday indicates a significant contraction in the microfinance sector. The outstanding portfolio of microfinance by banks decreased by 40 per cent year-on-year to ₹65,687...