microfinance

Sultanpur police apprehended four individuals, including one injured in an encounter, in connection with a May 7 robbery. Acting on a tip, authorities intercepted suspects distributing looted cash. During the exchange, Pratik Bharti sustained a leg injury. Police recovered cash and a motorcycle, linking them to the armed robbery of a microfinance agent.

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.

microfinance institutions (MFIs) would grow at an annual pace of 30%-35% over the next three years on the back of improved fund availability, ratings agency ICRA has said.

The Reserve Bank of India has removed pricing caps on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.

icrofinance loans in the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of the current fiscal, industry data showed.microfinance loans worth Rs 64,899 crore were disbursed during the same period a year ago.

Small loan specialists in India that typically cater to people without bank accounts are facing a jump in pandemic-related defaults that could force some of them out of business, industry experts warn.

SKS microfinance Limited informed the bourses that a rating agency had assigned ‘A’ for its long-term and ‘A1’ for its short-term bank facilities for an aggregate sum of Rs 2,000 crore.

In an ironic turn of events that threatens to sully Brand Bihar's image as a trade and investment destination, Karnataka-headquartered microfinance institution (MFI) Ujjivan has put on hold its lending operations in Vaishali and Muzaffarpur districts ruing the poor law and order situation in the state.

SKS microfinance has denied a board seat to its founder Vikram Akula, who was nudged out in 2011 after the microfinance company plunged into losses, saying that under its charter minority shareholders have no right to nominate directors.

Till about four years ago, S Amudha was a tailor, sewing clothes to order from her home at Ambur in Tirupathur district. Today, the 42-year-old is an entrepreneur, running a small tailoring unit employing five people. “microfinance and confidence,” says Amudha, “that’s what got me this far. ”

To put microfinance back on development track, the state government in association with the National Rural Livelihood Mission (NRLM), the Union government and International Network of Alternative Financial Institutions (INAF), will be organising a two-day seminar in the city from Tuesday.