According to Acuite Ratings & Research, pure-play microfinance lenders in India will need to raise fresh capital in FY25 to sustain their growth momentum. Acuite projects the country s microfinance portfolio to reach Rs 4 lakh crore by March 2024. The non-banking finance company-microfinance institutions (NBFC-MFIs) experienced a compounded annual growth rate of 24.6% in FY21-23 and increased their market share to 39.7%.
Bidding for the bonds will take place on September 13 between 10 AM and 12 PM on the electronic bidding platform of the National Stock Exchange of India.
The Reserve Bank of India (RBI) believes that the current surge in inflation, driven by food prices, is transient and it should moderate by the third quarter with the arrival of the kharif crop.However, with the inflation risk persisting, the .
RBI To Stay Hawkish On Interest Rate: Acuite Ratings Chief Economist menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Rate cut may not materialise before last quarter of FY24 newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.