The Bandhan Bank scrip surged on the bourses on Monday on the back of an announcement by the Assam government last Friday to offer a relief package to bail out small-loan borrowers in the northeastern...

Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed...

The Reserve Bank of India on Wednesday announced a series of steps to boost the microcredit sector amid emerging concerns over the second wave of the Covid pandemic. RBI has decided to conduct specia...

Nabard is planning to finance micro finance institutions (MFIs) to cater to the capital requirement of the last mile lenders. The development finance institute earlier had a Rs 200-crore fund called ...

At least three microfinance firms from eastern India and 30 across the country are likely to apply for the ‘on tap’ small finance bank licence announced by the RBI.According to data sourced from E...

The Centre on Wednesday offered a Rs 30,000 crore liquidity support to NBFCs and another Rs 45,000 crore through a partial credit guarantee programme amid the cash flow problems in the sector, where c...

MSME definitionAs part of the changes, the definition of MSMEs has been redefined so that if they grow in size they can still reap the benefits of government schemes. The investment limit which define...

Finance minister Nirmala Sitharaman on Wednesday extended a Rs 30,000 crore special liquidity window for entities that are finding it difficult to raise money from the market amid the Covid-19 crisis ...