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Hela February 22, 2019

NEW DELHI: Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan. The report is based on data provided by 124 microfinance institutions. Combined microcredit portfolio of all lenders […]

Hela February 16, 2019

In the past three years, the amount of personal loan debt Americans are carrying has almost doubled. The total owed on personal loans grew from $76 billion in 2015 to $125.4 billion in mid-2018, according to statistics published by credit bureau TransUnion. The number of personal loans hit 20 million in the second quarter of 2018, compared […]

Hela February 15, 2019

Companies are deploying advanced technologies, like the cloud and artificial intelligence (AI), in a variety of ways. With AI, for example, organizations are finding ways to be more productive, increase speed to market and better engage with customers. These technologies are also increasingly being deployed in the finance function, a trend that is ultimately transforming […]

Hela February 15, 2019

Finance is hardly known for its youthfulness, yet this year’s Finance 30 Under 30s are proving that an old industry can learn new tricks. These young venture capitalists, fintech entrepreneurs, crypto enthusiasts and Millennial bankers, with an average age of just 27, are reshaping the sector and transforming our relationship with money. The members of […]

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

Legendary fund manager Peter Lynch had once said, “Invest in what you know”. Sharma wakes up in the morning to the alarm on his Apple iPhone or Android phone powered by a Qualcomm chip. He goes for a morning walk or the gym in his Nike or Adidas shoes and his fitness wearable from Fitbit […]

Hela February 15, 2019

There is no harm in taking an education loan for children’s higher education. Whether it is concerned parents, or even young professionals, an educational loan has many benefits and can ensure a fast rising career graph. Education loans have become a necessity nowadays as educational expenses on engineering and medical courses have become so high […]

Hela February 15, 2019

Srinagar, India (CNN)At least 37 people were killed Thursday afternoon when a bomb exploded near a convoy of Indian paramilitary personnel in Indian-administered Kashmir, one of the deadliest attacks in the disputed region in recent years. Bharat Bhushan, spokesperson for India’s Ministry of Home Affairs, told CNN Friday that 37 soldiers had died, with five […]