July 1, 2024
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Rs 38,072 crore microfinance loans written off as of March 2024; loans unpaid beyond 180 days swell: Report – SME News

  • June 11, 2024

The share of loans written off by microfinance lenders in their loan books continues to expand year-on-year. According to the latest quarterly report on microfinance lending by credit bureau Crif High Mark, the write-offs have jumped to 8.6 per cent (Rs 38,072 crore) of Rs 4.42 lakh crore in gross loan portfolio (GLP) as of March

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Investment

Annapurna Finance secures $75m investment from Piramal Alternatives to boost microfinance

  • May 13, 2024

Piramal Alternatives, the fund management division of the Piramal Group, today announced a significant investment of $75m in Annapurna Finance Private Limited, a leading non-banking finance company focused on microfinance. The investment includes a mix of secondary share purchases and provision of Tier-2 capital, which will enable the company to continue its risk-adjusted growth strategy. Annapurna

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