microfinance

Singer Mangli has accused advocate Singapogu Subbarao of extortion and intimidation, claiming he demanded ₹10 lakh to remove social media videos related to the ₹10 crore microfinance case. Subbarao, representing investors, was subjected to an alcohol test during a police inquiry, which he decried as a distraction tactic.

Folk singer Mangli is embroiled in a legal battle with advocate Singapogu Subbarao over a ₹10 crore investment fraud. While the advocate claims investors were duped via schemes linked to Mangli's brother and her stardom, the singer counters with allegations of blackmail and defamation, accusing the advocate of using manipulated videos and threats.

Women's credit uptake has surged, now representing Rs 76 lakh crore or 26% of total system credit in 2025, a near five-fold increase since 2017. This signifies a major shift with women actively driving credit demand, moving from passive recipients to key financial participants. Their engagement with formal credit and asset ownership is rapidly expanding.

Axis Bank has officially denied market reports of bidding for a controlling stake in CreditAccess Grameen. The bank clarified in a stock exchange filing that it has neither submitted nor plans to submit any bid for the microfinance lender. This statement follows earlier reports suggesting Axis Bank was in the race to acquire the promoter's stake.

Nitish Kumar exits Bihar CM post after two decades, sparking political upheaval. Known for his strategic alliances and ideological shifts, Kumar carved a unique niche as an OBC leader focusing on "Mandal-plus" policies and women's welfare. His political maneuvering, including caste-based strategies and welfarism, sustained his dominance for years.

Muthoot Microfin IPO, with an initial public offering size of Rs 960 crore, witnessed a subscription of 11.52 on the final day, surging from the 2.83 times recorded on Tuesday. According to NSE data, the Rs 960 crore IPO received bids for 28,09,80,216 shares, surpassing the 2,43,87,447 shares offered.

Is microfinance the next subprime? Though microfinance has emerged as the most favoured destination for PE/VC investors, a vast majority (75%) of those polled in a survey fear the sector is getting "overhyped to a bubble-like proportion".

The Association of Karnataka microfinance Institute, microfinance Institute and microfinance Association have clarified that the Debt Relief Act, 2018 does not apply to microfinance institutions.