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Cost Rises for Micro Borrowers as RBI Deregulates Lending Rates

Certain lenders have revised their lending rates upward by as much as 400 basis points as they apply risk-based pricing to arrest the asset quality degradation and the loss they suffered in the last three years.

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ADB and HSBC India Establish $ 100 M Guarantee Plan for Microcredit

The program will help women running small businesses and microfinance institutions lending after the pandemic.

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In a First for India’s Fintech Ecosystem, Kaleidofin Announces Its Board Is Majority Women Led

Its seven-member board now comprises four women board members including Geeta Goel, Michael & Susan Dell Foundation, Suvalakshmi Chakraborti, Founder Finreach, Treasa Mathew, Omidyar Network, and Sucharita Mukherjee, Co-founder, Kaleidofin.

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U GRO Capital Impact Financing Gets Endorsement From responAbility

This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.

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Symbiotics Opens New Offices in Armenia and India

This new office in Yerevan, Armenia aims to strengthen Symbiotics' long-standing presence in the region and further support its growth.

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Small Industries Development Bank of India Launches Second Window of Swavalamban Challenge Fund

The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.

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India Now Ahead of China in Financial Inclusion Metrics: SBI Report

The report states that financial inclusion policies have a multiplier effect on economic growth.

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Outlook for Non-Banks and Housing Financiers Shifts to "Improving" From "Stable"

The credit rating agency opined that adequate system liquidity, along with sufficient capital buffers, provides enough cushion to navigate the challenges from a subdued operating environment.

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IEIN Seeking Collaborators to Establish Market Linkages for Self-Help Groups

The aim of the project is to support SHGs by providing them with business training, production skills and marketing information to empower rural women to adopt non-agricultural means of earning a sustainable livelihood.

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India: Visa to Enable Deeper Financial Inclusion With Offline Payments

The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.