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Micro Finance Institutions News

Depending on the framework adopted for CBDC by RBI, there will be space for banks and newer fintech intermediaries to innovate and offer products linked to the CBDC ecosystem.

Unfettering Microfinance: Recent RBI Consultative Document frees MFIs from shackles imposed by 2011 regulations

The recent Consultative Document by RBI literally frees MFIs from the shackles imposed by the 2011 regulations and gives them…

Updated: June 25, 2021 1:22 am

Rajeev Yadav, MD & CEO, Fincare Small Finance Bank

Hope to grow our loan book by 35-40% over next 3-4 years: Rajeev Yadav, MD & CEO, Fincare Small Finance Bank

The regulator has various rules for different products. Right now, our capital adequacy is of the order of 27-28% (of…

Updated: April 3, 2021 10:04 pm

micro-finance institutions, NBFC, loan portfolio, micro finance, Ratna Vishwanathan

MFIs gross loan portfolio jumped 84 pc in Q4: MFIN

Micro Finance Institutions saw their aggregate gross loan portfolio grow by 85 per cent to Rs 53,233 crore in the…

May 18, 2016 5:03 pm

Micro Finance Institutions Network ‘decodes’ Industry

Releases its quarterly publication MicroMeter for the quarter ending Q3 – 2014-15…

February 13, 2015 7:38 pm

Govt asks states to convey views on new MFI law

Narendra Modi government has asked states to convey their views…

Updated: November 7, 2014 3:43 am

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Apple share price, returns, earnings, sales, revenue, Apple Watch, Apple TV, AirPods, Beats headphones,

Apple posts highest-ever quarterly earnings with record $123.9 billion in sales

ETF for US market, S&P 500 ETF, Nasdaq 100 ETF, stocks to buy from India, tesla share

Which ETFs to buy for investing in S&P 500 and Nasdaq 100 indices?

global markets, U.S. yields, Fed's recent statement, Powell, interest rates, equities

What’s next for global markets after Fed’s recent statement

Federal Reserve policy, hike in interest rates, Top 25 global banks, global fund managers, stocks, market capitalisation

Top 25 global banks show stability at $3.9 trillion in market values in Q4 2021: GlobalData

U.S. stock market, Fed Hike Cycles, S&P 500, returns, investors, risk, inflation

This is how U.S. stock market has fared historically when Fed begins tightening rates

The chemicals segment contributed 93% of the total profit during the quarter. However, the fertiliser segment faced challenges due to uncertainties around raw material availability and costs.

Deepak Fertilisers Q3 profit zooms 103% to Rs 103 crore

The HC had in 2015 allowed the antitrust body to probe the matter, but had barred it from taking any final decision.

Cartelisation charges: SC rejects pleas of tyre makers CEAT, MRF & others

Store additions picked up briskly as RIL added 7% to total store area, similar to what it achieved in FY20.

Reliance Industries Rating ‘Hold’; Core businesses aided growth in quarter

Total income stood at Rs 1,702 crore as against Rs 1,439 crore in the year-ago period, logging an increase of 18%.

Shriram City PAT up 5% to Rs 293 crore; Q3 witnesses best ever disbursements

With crucial comfort on equity sanctity, franchise strength and likely medium-term credit cost unwind, Axis remains amongst our top banking picks representing ‘smart beta’. Maintain ‘Buy’ with TP of Rs 1,000 (unchanged).

Axis Bank Rating ‘Buy’; Firm’s initiatives yielded gains in Q3

On a consolidated basis, the bank’s bottomline rose 31% on year to Rs 3,403 crore.

Kotak Mahindra Bank posts 15% rise in Q3 net profit to Rs 2,131 crore

An intranasal vaccine creates an immune response in the nose, which is the point of entry for the Covid-19 virus.

Bharat Biotech gets DCGI nod for phase 3 trials of nasal Covid vaccine

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The nation also imported 924.6 tonnes of gold in 2021 as compared to 349.5 tonnes in 2020 — an increase of 165%.

India’s gold demand is likely to touch 800-850 tonnes in 2022

L&T chief financial officer R Shankar Raman said the quarter was marked by both opportunities and challenges, with inflation being the biggest challenge.

Missing estimates: L&T Q3 net profit declines 17% to Rs 2,055 crore

Meanwhile, the state government has launched a drive to snap power supply to agricultural water pumps to recover dues of about Rs 41,000 crore.

Maharashtra completes sowing for current Rabi season on 55.70 lakh hectares of land

Net debt of the company rose to Rs 27,576 crore as on December 31 compared with Rs 20,389 crore as on September 30. However, it was lower by Rs 7,781 crore compared with the year-ago period. Finance cost of the company for Q3 FY22 was at Rs 1,216 crore.

Vedanta Q3 PAT rises 26% to Rs 4,164 crore

Republic Day 2022 images

IN PHOTOS: India’s valour and splendour come alive at Rajpath during Republic Day Parade

2 days agoJanuary 26, 2022

In Pictures: Indian Army patrols in heavy snow in Jammu and Kashmir’s Poonch

1 week agoJanuary 20, 2022

Satellite images show huge damage in Tonga; Scientists say this underwater volcanic eruption may harm environment for years

2 weeks agoJanuary 18, 2022