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CreditAccess Grameen climbs 7% on the back of 86% jump in Q4 net profit

The total income increased by 29.3 percent year-on-year from Rs 824.5 crore to Rs 1,066.2 crore and pre-provision operating profit (PPOP) increased by 36.3 percent year-on-year from Rs 368.8 crore to Rs 502.9 crore. The impairment of financial instruments declined by 30.3 percent year-on-year from Rs 151.0 crore to Rs 105.3 crore. ....

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RBI allows MFIs to fix interest rates

In the past, the central bank used to announce the rates on quarterly basis. ....

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Latest News | RBI's Harmonised Regulations for Microfinance to Provide Level Playing Field, Increase Competitiveness: MFI Players

Get latest articles and stories on Latest News at LatestLY. The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector.
Latest News | RBI s Harmonised Regulations for Microfinance to Provide Level Playing Field, Increase Competitiveness: MFI Players. ....

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Amidst second Covid-19 wave, micro finance companies find economic activities in rural areass

Also as a fallout in semi-urban areas, MSME sector is going through a major shift to digital payments ....

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