We are working on two key pillars — one is how can we bring the new models faster to the market. So, we want to bring the new Lamborghinis at the same time when we start delivering the new models to our customers in other p
The cigarette-to-FMCG-to-hotel major had acquired Savlon in 2015 as a niche antiseptic liquid brand from Johnson & Johnson, primarily for use in India in order to expand its non-cigarette FMCG portfolio. This was the first pu
“From the profitability perspective, we are still in the investment mode right now. We are investing in technology, we are investing in people. Our focus is on building our people’s capability and tech capability. Our foc
Assam's microfinance relief scheme is a “positive development” from an asset quality perspective and the relief provided is expected to reduce near-term loan losses for lenders, who were affected by the Covid-19 pandemic.
During the third quarter of FY21, the market share of banks and SFBs stood at 41.7% and 16.9%, respectively, in the microfinance space. Between Q4FY20 and Q3FY21, NBFC-MFIs' market share stood almost the same at around 30%, w
It would, however, remain to be seen that how would removing the margin cap for NBFC-MFIs lead to a reduction in interest rates for the borrowers, if the suggestions are implemented, according to industry observers. There cou
From the onset of the pandemic, people started realising the need to protect one’s health as well as finances which prompted them to opt for life insurance policies offering pure protection and guaranteed returns.
Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the intermittent lockdowns, and the number of micro-finance customers availing loan restructuring w
"Further, it will help the MFIs provide financing support to their customers and resume normalised disbursements once the lockdowns are gradually relaxed and economic activities start functioning in normal manner," Hebbar sai
The earthquake measuring 6.4 on the Richter scale rocked Assam on April 28. The epicentre of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt across northeast India, some parts of Bihar a
“We have a robust IT infrastructure and team, and we believe in building most of the solution in-house. Since we are highly digital in our processes, there is large dependence on technology, and therefore, we keep expanding
Dry cell battery major Eveready Industries is currently in a “comfortable position” in terms of capacity utilisation standing around 80%, as cheap Chinese imports continue to remain at very low levels.
Microfinance players do not foresee any further hiccup in operations, including collection, in Maharashtra despite the state government's announcement of a slew of Covid-19 restrictions to curb the rapid spread of infections.
In Assam, where voting for Assembly elections will start on March 27 and conclude on April 6, some microfinance players have seen some improvements in their collection efficiency that fell sharply in January this year, while
“It (demand from 10 big cities) is already coming back. It is not at the same level of leisure travel, which is normal. Corporate India has started moving. Now for corporate, there is a movement in middle and lower manageme