Sunday, 22 May, 2022
TopicMicrolenders

Topic: microlenders

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.

Why microborrowers in Assam are refusing to repay their loans this poll season

Microfinance — or small collateral-free loans meant for low-income groups — has emerged as a poll plank on the threshold of the 2021 Assam assembly elections. 

Newest bank to list, Ujjivan Small Finance debuts with as much as 70% in IPO

Ujjivan Small Finance shares climbed as high as Rs 62.80 before closing the session at Rs 56 in Mumbai, up 51% from the IPO price.

Satin Creditcare, one of India’s top microlender, seeks $900 million to fund loan growth

Credit ratings of Satin haven’t seen a downgrade by any of the four rating companies as the lender doesn’t rely on mutual funds for financing requirements.

On Camera

YourTurn

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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