Tag: MFIs

Small finance banks lower interest rates

NEW DELHI: The days of small finance banks offering over 7% returns on fixed deposit (FD) are coming to an end. Most of them have...

Now, micro loan waiver talks in Assam worry MFIs

KOLKATA: The Rs 12,000-crore microfinance industry in Assam is facing a double whammy. The promises of waiver for micro loans by political parties made in...

Small MFIs turn vulnerable to default, seek relief package

KOLKATA: Banks and non-bank lenders are staring at around Rs 3000 crore of default by smaller microfinance firms, which are fighting to stay afloat without...