inThreadNews covers India today. Want it for your country? Tell us — enough requests and we'll add it.
/
Loading story
Indian microfinance sector growth
Finance · 2 updates
Microfinance firms grow as banks pull back
Kolkata: Large microfinance companies have drawn up plans to grow faster this year, revising their earlier projections upwards, as cautious lending by private banks and smaller lenders create more space for them.Publicly listed Muthoot Microfin and Satin Creditcare Network -- the third and fourth in ranking in terms of assets under management -- have both raised growth projections by around 500 basis points, with the microfinance market getting more consolidated in favour of large non-banking financial companies-microfinance institutions (NBFC-MFIs)."Since banks including small finance banks a
As banks shrink microfinance books, bigger MFIs prepare to grab the gap
Kolkata: Large microfinance companies have drawn up plans to grow faster this year, revising their earlier projections upwards, as cautious lending by private banks and smaller lenders create more space for them.Publicly listed Muthoot Microfin and Satin Creditcare Network -- the third and fourth in ranking in terms of assets under management -- have both raised growth projections by around 500 basis points, with the microfinance market getting more consolidated in favour of large non-banking financial companies-microfinance institutions (NBFC-MFIs)."Since banks including small finance banks a
No stories here — try another tab, category, or search.
Loading more stories…
Request a feature
What would make inThreadNews better for you? We read every request.