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As DeMo impact fades, NBFC-MFI portfolio improves
The sector witnessed a 24 per cent growth in gross loan portfolio to Rs 38,288 crore, year-on-year Illustration: Uttam Ghosh/Rediff.com With their pool of micro-finance loans vulnerable to......
Why upcoming small banks will change the banking landscape
A successful NBFC-MFI can support a return on equity of 15 per cent plus. The better public sector banks averaged a return on equity of just over 10 per cent in 2013-14, notes Subir Roy. The......
RBI gives borrowers additional 60 days to repay loans
This relaxation is available to entities running working capital accounts with any bank with the sanctioned limit of Rs 1 crore or less In view of cash crunch being faced by borrowers, Reserve......
Small businesses can now avail loans from MUDRA
Prime Minister Narendra Modi on Wednesday launched the MUDRA Yojana that will offer loans to 'fund the unfunded' self-employed as well as small businesses, up to Rs 10 lakh at low rate......
30 cr landless people to get jobs once land bill is passed: FM
About 30 crore landless people will get employment in the industrial corridors following amendments to the land acquisition bill, Finance Minister Arun Jaitley said on Wednesday. "I want to make a......
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