Indian Microfinance News Today

Upon completion, this acquisition will elevate Svatantra to become Indias second-largest microfinance firm, extending its reach to over 3.6 million active customers , , Svatantra Microfin, Ananya Birla, Chaitanya India Fin Credit

Deal to be concluded by 2023-end and combined entity will have assets worth Rs 12,409 cr

Mumbai: In one of the biggest deals in the microfinance industry, Ananya Birla’s Svatantra Microfin Private Limited (Svatantra), has entered into a definitive agreement to acquire Chaitanya India Fin Credit Private Limited (Chaitanya), a wholly owned

In the changed post COVID-19 business landscape, the global market for Microfinance estimated at US$187.3 Billion in the year 2022, is projected to reach a...

Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS'21 to JAS'22. Highest number of...

Mumbai, April 4: The 15th edition of Microfinance Pulse, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS21 to JAS22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS21 to JAS22. Highest number of loans are issued under 30k-40k ticket size category and it witnessed annual ...

New Delhi [India], November 1 (ANI/NewsVoir): SATYA MicroCapital Limited recently launched the third edition of Vijayalakshmi Das Entrepreneurship Awards 2023 - an Awards & Recognition platform to felicitate Women Entrepreneurs at the grassroots level to honor the 'Mother of Indian Microfinance' - Late Vijaylakshmi Das. The momentous launch took place on the celebratory occasion of SATYA completing its 6 years of foundation at Eros Hotel, New Delhi. Dr Alok Mishra (CEO & Director...

The conventional wisdom is that opening up new branches is the best way to extend outreach of the formal financial sector to rural areas. Using a survey data set, this paper challenges the conventional view by concluding that relatively resource-rich rural households from distant locations availed multiple loans from formal lenders rather than the households located closer to

Microfinance industry shows faster recovery post-second wave: Study

Microfinance industry standing its ground with flat Y-o-Y growth: SIDBI-Equifax report