Blog

Default rate in microfinance sector declining, post-pandemic: Report The microfinance sector is coming out of Covid-induced stress, with the default rate for microfinance institutions (MFIs) declining from 16.7 per cent in June 2021 to 5.3 per cent in March 2022, according to the Inclusive Finance India Report by ACCESS Development Services. With some seasonal and ...

FinMin to meet heads of PSBs on Thursday; to review schemes’ progress The finance ministry has called a meeting of heads of public sector banks and financial institutions to review the progress of various social sector schemes, including Jan Dhan, Mudra, KCC, and PM SVANidhi. The meeting with managing director and CEOs of public sector banks ...

FinMin to meet heads of PSBs; to review progress of various schemes The finance ministry has called a meeting of heads of public sector banks and financial institutions to review the progress of various social sector schemes, including Jan Dhan, Mudra, KCC, and PM SVANidhi. The meeting with managing director and CEOs of public sector banks ...

ICICI Lombard’s net profit rises 11% in Q3 on strong premium income ICICI Lombard General Insurance’s net profit for the December quarter Q3) of FY23 increased 11 per cent year-on-year (YoY) to Rs 353 crore, aided by a healthy rise in gross premiums underwritten. Meanwhile, gross premiums earned by the insurer rose 17 per cent YoY to ...

Financial sector exposed to risks of low-carbon transition, shows study India’s financial sector is highly exposed to the risks of a low-carbon transition, but only one in six finance professionals have experience in identifying and managing those risks, says a new paper published in a leading peer-reviewed journal. In 2021, Prime Minister Narendra Modi committed India to ...

home loan emi: Struggling to pay home loan EMI? You can pay less now, but there’s a trade off [ad_1] The sharp rise in interest rates within the past 9 months has hit home loan borrowers the worst. For a Rs 50-lakh home loan outstanding with a 20-year tenure, if the interest rate has gone up from 7% to 9.25%, ...

How to avail Aadhaar services on Umang App| EconomicTimes [ad_1] Aadhaar on Umang The government launched the UMANG, also known as the Unified Mobile Application for New-age Governance, to make it easier to access a variety of central, state, and local government services. Aadhaar services mentioned below can be availed on Umang app. [ad_2]

NCLT sanctions amalgamation of Equitas Holdings and Equitas SFB The National Company Law Tribunal has sanctioned the scheme of amalgamation of Equitas Holdings Limited and Equitas Small Finance Bank, the small finance lender told exchanges on Tuesday. The appointed date for the amalgamation is January 1, 2023 and the scheme shall be effective upon the filing of ...

Will your PAN become inoperative after March 31, 2023? [ad_1] [ad_2]

Yen perched near 7-mth high as investors wait for policy shift at BOJ By Tom Westbrook SINGAPORE (Reuters) – The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan. The euro, which reached ...