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Demonetisation hits small loans as sectoral growth more than halves
Mon, Aug 21, 2017
ICRA said, "The Indian micro loan sector with a size of around Rs 1.7 lakh crore as on March 31, 2017, has grown at a healthy compounded annual growth rate of 32% during FY2013-2016. Of this NBFC-MFIs, Small Finance Banks (SFBs) and Banks (excluding the SHG Bank linkage programme) had grown at a much faster pace of 57%. However, the growth trajectory for NBFC-MFIs/SFBs and banks changed post-demonetisation with the portfolio growth slowing down from 72% in FY2016 to 29% in FY2017."
Utkarsh Small Finance Bank to offer 1 to 1.25% higher deposit rates than other banks
Tue, Jan 24, 2017
Find out how Utkarsh Small Finance Bank will offer higher deposit rates to customers.
Ujjivan Financial Services cuts interest rates by 0.75% with effect from Oct 1
Thu, Sep 29, 2016
Microfinance institution Ujjivan Financial Services on Thursday announced an interest rate cut of 0.75% on its microfinance loans. The new rates for all microfinance loans will be effective from October 1 this year.