Micro Finance

Hela February 15, 2019

The recent devastation in Kerala has posed a new challenge to the microfinance sector, particularly the niche institutions that are concentrated in select geographies. Natural calamities in southern states like severe floods in Tamil Nadu in 2015 and now in Kerala have dealt a body blow to the sector which was hit the hardest during […]

Hela February 15, 2019

Non-banking finance company Manappuram Finance Ltd Wednesday has posted a 42.15 per cent rise in its profit after tax for the third quarter ending December 31, 2018 at Rs 244.11 crore. The company had recorded Rs 171.73 crore during the same period of last year. Income from operations for the October-December 2018 quarter grew by […]

Hela February 15, 2019

Karnataka and Maharashtra have high microfinance density. KOLKATA: Anushree Jindal, daughter-in-law of JSW Group chairman Sajjan Jindal, has announced the beginning of her microfinanceventure Svamaan Financial Services with Rs 10 crore “personal family money” as seed capital. The entity has started lending last week after receiving an NBFC-MFI license from Reserve Bank of India, Anushree Jindal told ET in a telephonic interview. This makes Svamaan the […]