Stay updated with the latest microfinance news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on microfinance topics.
PMMY was built on a revolutionary idea that the Indian state could trust its most marginalised citizens with credit, when the formal banking system hesitated Financial inclusion has been at the forefront of the agenda of the Narendra Modi government. In the last decade, India witnessed a silent transformation where millions of ordinary citizens stepped into entrepreneurship with newfound confidence and agency. At its heart lies an initiative launched on April 8, 2016, by the prime minister, the ...Read More >
West Bengal Assembly Elections: BJP Likely to Announce First List of Candidates This Week More than ₹40 lakh crore in collateral-free loans have been sanctioned under the Pradhan Mantri Mudra Yojana over the past eleven years, marking a major expansion of formal credit access for India's small businesses and micro entrepreneurs. The flagship micro-credit programme, launched on April 8, 2015, has issued over 58 crore loans so far, helping individuals start or expand small enterprises across sec ...Read More >
New Delhi, Apr 8 (PTI) Women borrowers in India hold a credit portfolio of Rs 76 lakh crore, which represents 26 per cent of the total system credit as of 2025 and marks a 4.8 times increase since 2017, according to a NITI Aayog report. The Aayog, in the report titled 'From Borrowers to Builders: Women and India's Evolving Credit Market', said that between December 2017 and December 2025, the number of credit-active women borrowers registered a compounded annual growth rate (CAGR) of 9 per cent ...Read More >
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi on Wednesday said the PM Mudra Yojana has strengthened the spirit of enterprise across India by removing barriers and trusting the aspirations of the people. On 11 years of the PM Mudra Yojana, Modi said the scheme has redefined access to credit by empowering millions with the confidence to dream and the means to fulfil it. "By removing barriers and trusting the aspirations of our people, it has strengthened the spirit of enterprise across In ...Read More >
New Delhi [India], April 7 (ANI): India's banking sector is set to close Q4FY26 on a steady footing, with credit growth holding up and deposit traction showing signs of improvement, according to Nuvama's latest sector preview. The report underscores that "loan growth sustained the momentum supported by liquidity buffers and residual CRR benefits," highlighting the system's resilience despite evolving macro conditions. Business updates released so far point to healthy credit expansion across se ...Read More >
Kolkata: Bandhan Bank said its collection efficiency for March improved to 98.9% as compared with 98.1% in December while assets under management rose 12.6% year-on-year. The ratio was arrived at after excluding the bad loan portfolio, the bank said, in a business update filing to stock exchanges. Collection efficiency measures the percentage of debt collection against the total amount owed. The Kolkata-based lender has been suffering from high stressed loans, arising largely on account of it ...Read More >
MUMBAI: A structural shift is reshaping India's microfinance sector, with regulated lenders displacing informal sources as borrowing from moneylenders fell to 1% in 2024-25 from 46% in 2011, according to a survey by Microfinance Industry Network and National Council of Applied Economic Research.The survey, which covered 10,342 borrowers across 10 states, shows a maturing market where formal credit has become the primary source of finance for rural and semi-urban households. According to the repo ...Read More >
MUMBAI: India's corporate credit profile remained resilient in FY26 with rating upgrades outpacing downgrades across agencies, although moderation in momentum and rising global risks have prompted a more cautious outlook for FY27.India Ratings and Research, CRISIL Ratings, CareEdge Ratings, and ICRA released their assessments for FY26, indicating that while corporate balance sheets remained stable, emerging risks are building as FY27 approaches.The upgrade to downgrade ratio, a key measure of co ...Read More >
New Delhi, Apr 1 (PTI) Corporate credit profiles remained resilient in 2025-26, with rating upgrades significantly outpacing downgrades, reflecting healthy balance sheets, steady domestic demand, and continued policy support, ICRA said on Wednesday. During FY26, ICRA upgraded 388 entities compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times, a notable improvement from 2 times in FY25 and 2.1 times in FY24. The overall credit quality remained benign, supported by stable o ...Read More >
New Delhi, Nov 4 (PTI) The Congress on Tuesday alleged that crimes against women have "skyrocketed uncontrollably" under the BJP-JD(U) rule in Bihar and posed questions to Prime Minister Narendra Modi on the alleged "neglect" of women's safety, health, and dignity in the last 20 years. Congress president Mallikarjun Kharge slammed the BJP-JD(U) over the security situation for women and asserted that the Mahagathbandhan is fully committed to their empowerment and economic upliftment. Kharge sai ...Read More >
Mumbai: RBL Bank expects its proposed share purchase deal with Emirates NBD to conclude within the next 5-8 months, with the management indicating the full $3 billion (₹26,850 crore) infusion - the biggest foreign direct investment in commercial banking - is likely this FY itself. The bank proposes to simultaneously seek regulatory and federal approvals while it seeks shareholder nod for the majority takeover. "It should be somewhere in the 5-8-month range," R Subramaniakumar, MD & CEO, RBL Ba ...Read More >
Mumbai, Oct 18 (PTI) Private sector lender IndusInd Bank on Saturday reported a loss of Rs 437 crore in the September quarter, as it chose to identify and provide for additional stress in the microfinance portfolio. The Hinduja group-promoted lender had reported a net profit of Rs 1,331 crore in year-ago period and Rs 604 crore in the preceding June quarter. In March, it booked a loss of Rs 2,329 crore amid a crisis over shoddy corporate governance, wrongful accounting practices and executive ...Read More >
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank's CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
Corporate India shows strong credit quality. Domestic consumption and government spending provide support. US tariffs present a challenge for export sectors. Gems, textiles, and marine industries face potential impact. Rating agencies report stable credit ratios overall. Banking sector exposure to these risks is low. Credit growth projections remain healthy. Corporate India's credit quality remains strong, supported by favourable domestic consumption, strong balance sheets and steady government ...Read More >
Mumbai: Lower-income borrowers, who typically depend on small-ticket loans, are increasingly moving away from microfinance institutions (MFIs) and turning to gold loans for immediate requirements. This shift is driven by soaring gold prices, lower gold loan rates and higher scrutiny by MFIs in sanctioning new loans. According to data from the Reserve Bank of India (RBI), loans against gold surged 122% year-on-year as of June while data from the Microfinance Industry Network show outstanding mic ...Read More >
New Delhi: Delhi govt has decided to set up a single-window system at the district level to handle all permissions and no-objection certificates required for holding Ramlila performances across the city. It has also decided to constitute a special committee to resolve any issue regarding the organisation of the events and ensure that the committees do not face any problem in seeking approvals.The decisions were made at a special meeting held at Raj Niwas under the chairmanship of lieutenant gove ...Read More >
Tirunelveli: A woman PhD scholar of Manonmaniam Sundaranar University (MSU) caused a stir at its 32nd convocation in Tirunelveli on Wednesday when she refused to receive her doctorate from governor R N Ravi saying he is 'someone who is against the welfare of Tamil Nadu'.The scholar, Jean Joseph, wife of a DMK functionary in Nagercoil, completed her research in microfinance. At the convocation, graduating students came to the stage with their certificates and posed with the governor. However, Jea ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile pictur ...Read More >
MUMBAI: Stable asset quality and a spike in other income boosted the June quarter net income of Yes Bank by 59.4 percent year-on-year to Rs 801 crore. This is the bank's highest quarterly profit since its reconstruction in March 2020. The management led by chief executive Prashant Kumar attributed the rise net profit to strong growth in non-interest income, improved cost efficiency, and stable asset quality. Net interest income for the quarter rose 5.7 percent to Rs 2,371.5 crore, aided by an ...Read More >
BHUBANESWAR/BALASORE: The 20-year-old student in Odisha's Balasore who set herself ablaze on the campus on July 12 had informed college authorities that her HoD had sought sexual favours from her six months ago, probe revealed Friday."The student, in a meeting conducted on June 30 at the office of then principal -- who is now suspended -- told everyone that the HoD had sought sexual favours from her. However, the HoD denied the allegation," said the in-charge principal of the govt college, addin ...Read More >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
Mumbai, The financial capital has emerged as the top city in India for young entrepreneurial talent, with 15 entrepreneurs featured in the 'Avendus Wealth - Hurun India U30 List 2025' launched on Thursday. The report celebrates 79 of India's most promising business leaders under the age of 30, who are shaping the future across sectors like technology, finance, healthcare and more. The list is part of the first edition of the 'Uth Series', a joint initiative by Avendus Wealth and Hurun India. ...Read More >
Mumbai, Jul 17 (PTI) Axis Bank on Thursday reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy. On a standalone basis, the third largest private sector lender's net profit declined to Rs 5,806 crore from the year-ago period's Rs 6,034 crore, but was down sharply when compared with the quarter ago period's Rs 7,117 crore. The bank's core income showed low growth in ...Read More >
BENGALURU, July 17 (Reuters) - Indian private lender Axis Bank (AXBK.NS), opens new tab reported a surprise drop in first-quarter profit on Thursday, as it set aside more funds for potential bad loans and as its lending margin contracted. The standalone net profit at India's fourth-largest private lender by market capitalisation fell 4% to 58.06 billion rupees ($674.8 million) for the quarter ended June 30 from 60.35 billion rupees a year earlier. Analysts had expected a profit of 63.73 billion ...Read More >
New Delhi, July 17 (SocialNews.XYZ) After a challenging first half marked by margin compression and falling loan yields, India's banking sector is set to turn the corner in the third quarter of FY26 (3QFY26), a report said on Thursday. Private and public sector banks are entering a transition phase, where lagged benefits of deposit repricing, systemic liquidity infusion, and improving asset quality start to lift earnings, Motilal Oswal Institutional Equities said in a report. As per the report ...Read More >
Hurun India U30 List 2025: Mumbai has become the top city for young entrepreneurs in India, according to the Avendus Wealth-Hurun India U30 List 2025. Out of 79 honourees on the list, 15 are from Mumbai. This is the highest among all cities in the country. Bengaluru comes next with 7, followed by Delhi and Jaipur with 4 each. Other cities like Kolkata, Gurugram, Noida, Ahmedabad, Chennai, and Thane have 3 each. This shows that Mumbai continues to lead as India's financial and innovation capital ...Read More >
New Delhi [India], July 10 (ANI): Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to decline 4-6 per cent to Rs 1.05 lakh crore this fiscal after sliding 15 per cent last fiscal, according to a latest report by Crisil Ratings. The rating agency said that the acquisition of stressed assets will continue to trend lower even as redemptions, which have improved in recent years, are likely to remain healt ...Read More >
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