The new law also bans the harassment of guarantors or any person connected to the debtor. Parliament last month amended the ...

Microfinance Industry Network had in November introduced the new cap along with a few other guidelines around micro lending.

Reports say that Sulekha had taken a loan of Rs 50,000 from the microfinance company but was struggling to pay some installments. Company employees reportedly pressured her repeatedly to repay the ...

New Delhi [India], December 23 : The microfinance sector in India is grappling with significant challenges, as highlighted in a recent report by Motilal Oswal, it noted that states like Bihar are ...

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Microloans are small loans for businesses that need a non-traditional way to get funding. As the name implies, microloans are smaller than a typical small business loan (think "tens of thousands ...

Rural households have increasingly prioritised essential expenses and secured loan repayments over microfinance obligations in recent months, contributing to rising defaults. However, executives are ...

Bank credit to agriculture and allied activities grew 15.5% as of 18 October 2024, compared with 17.4% in the year-ago period, as per the latest RBI data.(Bloomberg) Mumbai: The Reserve Bank of ...

Rural households have prioritised paying for food and other secured loans over micro finance in the last few months resulting in rising defaults. However, industry executives expect the situation to ...

Sandisk Corporation, the maker of flash drives and memory cards, debuted a new logo today, and it’s based on a single pixel. “It all started with the pixel, which is the fundamental smallest ...