Over 60% of MFIs adopt cashless disbursement: MFIN
The report said the rise in MFIs' cashless payment models are largely attributed to benefits of risk mitigation and increased operational efficiency that includes improved cash management practises, increased safety and staff productivity.
Aug 28, 2017, 17:38 PM IST
Funding the unfunded: India helps small business borrow to grow
A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.
Mar 05, 2015, 18:16 PM IST
Microfinance sector on revival path; loan-book grows over 50%
The country's microfinance sector witnessed an over 50 per cent jump in the total loan-book at the end of December quarter to Rs 314.5 billion as the non-bank lenders expanded their reach to 28.7 million borrowers, an industry body said today.
Feb 16, 2015, 22:10 PM IST
