IndusInd Bank to auction Rs 1,573 cr microfinance NPAs amid sector stress
Dec 27, 2024, at 11:11 pm
Mumbai: Private lender IndusInd Bank Ltd's shares rose in early trade on December 27, following its decision to sell off a non-performing microfinance loan pool comprising 10.6 lakh retail loan accounts worth Rs 1,573 crore, Moneycontrol reported.
Assam govt inks MoU with MFIs and banks to waive microfinance loans of poor women borrowers
Aug 25, 2021, at 02:20 am
Guwahati/IBNS: With a view to provide succour to poor women borrowers who are not able to return the loan amount of Micro Finance Institutions (MFIs), the Finance Department of the Government of Assam signed an MOU with Microfinance Institutions for implementation of Assam Micro Finance Incentive and Relief Scheme (AMFIRS), 2021in the presence of Chief Minister Himanta Biswa Sarma at a programme held at Assam Administrative Staff College in Guwahati on Tuesday.
Microfinance loan portfolio rises 29.26 pc in FY20 to Rs 2,31,788 cr
Jun 19, 2020, at 04:41 pm
Kolkata/UNI: The microfinance industry served 5.89 crore unique borrowers through 10.54 crore loan accounts as on March 31, 2020.