Friday, 3 December, 2021
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Topic: Microfinancing

The Reserve Bank of India (RBI) logo | Bloomberg

Why RBI’s proposed microfinance policy changes are borrower-friendly

Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.
Romesh Sobti, chief executive officer of IndusInd Bank | Photographer: Dhiraj Singh | Bloomberg

IndusInd Bank bets on acquisition of India’s top micro financier to add to 1,500% growth

IndusInd’s purchase of Bharat Financial Inclusion will help it to ‘move the needle’ on profitability parameters, CEO Romesh Sobti says.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.