Mumbai, April 15 (IANS) Shares of Ujjivan Small Finance Bank fell sharply on Wednesday after the Reserve Bank of India returned its application for a universal banking licence, even as the broader market traded higher.The stock dropped as much as 5.94 per cent to hit an intra-day low of Rs 56.75 on the Bombay Stock Exchange (BSE), compared to its previous close of Rs 60.34.The decline came in contrast to the positive trend in the wider market, with the Sensex rising over 1.6 per cent amid improv…
Latest Microfinance News & Updates
New Delhi, March 21 (IANS) Approximately 36 lakh borrowers are estimated to benefit from the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), the government said on Saturday.The scheme aims to provide guarantee cover to banks/FIs through National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and MFIs for on lending to small borrower…
Mumbai, March 4 (IANS) Chief Minister Devendra Fadnavis on Wednesday announced that the Maharashtra government will further improve the lift inspection system to facilitate quicker evacuations during emergencies.”There are currently about 2.10 lakh lifts operating in the state, and 25,000 new lifts have been approved recently. At present, limited staff are responsible for inspecting all lifts. The government has therefore decided to create 519 new posts, as it is not possible to inspect such a l…
New Delhi, Jan 15 (IANS) Startups are increasingly bridging India’s rural-urban divide by deploying solutions across agri-tech, telemedicine, microfinance, tourism, and ed-tech, directly addressing developmental gaps and supporting rural livelihoods, an official statement said on Thursday, ahead of the National Startup Day.Notably, women-led startups are emerging as a key driver of inclusive and regionally balanced growth, with more than 45 per cent of recognised startups having at least one-w…