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Business News: Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra

Profitability to be subdued for NBFC-MFIs, SFBs this fiscal as credit costs to stay elevated: Icra : Rashtra News #Profitability #subdued #NBFCMFIs #SFBs #fiscal #credit #costs #stay #elevated #Icra In view of the muted performance in the first half of this fiscal, Icra has revised the FY22 growth outlook for the AUM of NBFC-MFIs to

Sachin-sachdeva , Financial-sector-ratings , Business , Costs , Credit , Elevated , Fiscal , Icra , Icra-report , Micro-finance-institutions , Nbfc-profits

NABARD Chairman launches NABSAMRUDDHI's Climate Ready WASH awareness campaign on World Water Day – Odisha Diary, Latest Odisha News, Breaking News Odisha

Mumbai: NABARD, along with its NBFC subsidiary NABSAMRUDDHI, commemorated World Water Day on 22 March 2024 by launching the first phase of a nationwide Climate Ready WASH funding awareness campaign for women JLG borrowers of Micro Finance Institutions, to take forward the common mandate of sustainable rural development.   The event to kickstart the same, at…

Mumbai , Maharashtra , India , Sa-dhan , Rajasthan , Bonani-roychoudhury , Shri-ravi-krishan-takkar , Shrigs-rawat , Shri-manoj-gulati , Shri-shaji , Vedika-bhandarkar , Rajendra-singh

SIDBI's outstanding to MFI sector to touch Rs 10,000 crore this fiscal: Official

Kolkata, Feb 22 (PTI) Outstanding of SIDBI to the micro-finance institutions (MFIs) will touch Rs 10,000 crore by the end of the current financial year ending March 2024, an official said on Thursday.

Prakash-kumar , Managing-director , Business-news , Sidbi , Mfis , Small-industries-development-bank-of-india , Micro-finance-institutions , Dfi , Development-financial-institution , Eastern-india-microfinance-summit , Igidr

The call for 'RegulateKaro' amid Paytm crisis in the fintech space

The Indian FinTech ecosystem, the third largest in the world, is expected to reach a market size of US$ 150 billion by 2025. Digital lending has become a US$ 270 billion market in 2022. However, recent years have seen an increase in financial fraud and irregularities, leading to a lack of trust in the sector. The RBI has implemented regulations and guidelines to address these concerns, including registration requirements for FinTech companies and enhanced data privacy measures.

India , Indian-fintech , Banking-financial-company , Fintech-companies , Regulatory-organisation , Information-technology-framework , Paytm-payments-bank , Reserve-bank , Annual-report , Master-directions , Master-circulars , India-act

RBI's action against Paytm hurts Buy-Now-Pay-Later ecosystem

RBI’s invoking of Section 35A despite depositor’s savings not being as much at risk, as this was a payment bank, raises the question of whether a one-size-fits-all approach is appropriate. The Buy-Now-Pay-Later model evolved by FinTechs have great potential, and this calls for a new regulatory category  

India , Lending-service-providers-lsps , Paytm-payments-bank , Malegam-committee , Banking-regulations-act , Non-deposit-taking- , Micro-finance-institutions , First-loan-default-guarantee , Off-balance-sheet-financing , Lending-service-providers , Rbi

Bauchi First Lady seeks more partnership to empower women, youths

Bauchi First Lady, Hajiya Aisha Bala Abdulkadir Mohammed on Tuesday in Abuja, sought continued collaboration and partnership with Mennonite Economic

Katagum , Bauchi , Nigeria , Bauchi-state , Warji , Nigeria-general- , Canada , Ganjuwa , Jamaare , Abuja , Abuja-federal-capital-territory , Idris-saleh-giade

North Eastern Development Finance Corporation Ltd sanctions ₹766.47 crores and disburses ₹547.11 crores for 5338 project in NE Region

North Eastern Development Finance Corporation Ltd (NEDFi) plays an important role in facilitating setting up of new industrial and service sector projects in the NE Region. The Corporation assisted around 5,338 projects, with total sanctions & di

Imphal , Manipur , India , Nagaland , Tripura , Namchi , India-general- , Thoubal , Guwahati , Assam , Kohima , Uttar-pradesh

Google removed 2,500 fraudulent loan apps from its Play Store: FM Sitharaman

Google removed 2,500 fraudulent loan apps from its Play Store: FM Sitharaman
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India , Pradhan-mantri-mudra-yojana , Arjun-munda , Lok-sabha , Nirmala-sitharaman , Ministry-of-home-affairs , Google , Ministry-of-electronics , Awareness-programme , Indian-cyber-crime-coordination-centre , Information-technology , Banking-financial-companies-nbfcs