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microfinance News

Rising Microfinance Defaults: Kotak and RBL Banks Struggle Amid Industry Turmoil

Michael Lee 19 Jan, 2025

Mumbai's private banks, Kotak and RBL, are facing increased defaults in the microfinance sector, leading to significant losses despite overall profit growth. The situation highligh...

Business

Microfinance Sector Faces Challenges: Portfolio Shrinks 4% as Default Rates Skyrocket

Olivia Carter 09 Jan, 2025

The microfinance sector faces a 4% portfolio shrinkage in Q2 FY25 as delinquency rates double, prompting calls for credit guarantees and digital repayment methods to stabilize the ...