Is Indian microfinance once again falling into a high stress era?
The alarming spike in asset quality deterioration at Muthoot Microfin is more than just a company-specific issue; it’s a red flag for India’s microfinance sector.
Banking
Muthoot Microfin reports deterioration in asset quality in Q3
Mumbai, 6th February 2025: Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055) reported a deterioration in its asset quality for the
RBI Cancels Licence of The Cuddalore and Villupuram District Central Co-operative Bank’s Employees Cooperative Bank Ltd., Tamil Nadu
The bank is no longer permitted to carry out banking operations in India, including accepting deposits from non-members.
MSMEs Witness Business Growth Surge in Oct-Dec 2024: SIDBI Outlook Survey
The quarterly survey, which serves as a barometer of MSME business sentiment, gathered insights from 1,200 MSMEs across the Manufacturing, Services, and Trading sectors. Covering 77 cities across Tier 1, 2, and 3 urban centers, along with 66 villages, the survey assessed business confidence based on 22 critical parameters, including sales growth, profitability, employment trends, financial accessibility, cost of funds, and ease of doing business.
Will the new RBI Governor start with a rate cut tomorrow?
The expectation of a rate cut is grounded in a combination of domestic economic indicators and global trends. India’s GDP growth has shown signs of moderation in recent quarters, with industrial output and private consumption exhibiting uneven momentum
RBI to Conduct 56-Day Variable Rate Repo Auction on February 7, 2025
The auction will offer a notified amount of ₹50,000 crore, with the tenor set at 56 days. The bidding window will be open from 3:30 PM to 4:00 PM on February 7, 2025. The funds will be reversed on April 4, 2025, marking the maturity of the operation.
CreditAccess Grameen Secures USD 50 Million from IFC to Boost Financial Inclusion
The investment from IFC will play a pivotal role in expanding financial access for microentrepreneurs, focusing primarily on women borrowers. Over the lifecycle of this project, CreditAccess Grameen (CA Grameen) aims to reach an additional 3 to 4 million women borrowers.
Budget 2025 fails to address core issues, says AIBEA
Venkatachalam of AIBEA has criticised the Union Budget saying the Government has failed to live up to the aspirations of the country.
RBI Conducts ₹1 Lakh Crore Variable Rate Repo Auction, Cut-Off at 6.51%
Mumbai: The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on January 31, 2025, to
“It is imperative that the government acts swiftly to revise commission structures”
Despite their critical role, BCs face several challenges, including outdated commission structures