Shopper financier Bajaj Finance reported its highest ever quarterly revenue at Rs 2,973 crore within the October-December quarter (Q3) of FY23, up 40 per cent yr on yr (YoY). The efficiency was aided by a wholesome rise in web curiosity earnings (NII) and drop in …
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The Reserve Financial institution of India has informed the Supreme Courtroom that its “resolute efforts have resulted in material decline in the Non Performing Assets (NPAs) of the banking system”. The central financial institution mentioned this in response to a PIL by the Centre for Public Curiosity Litigations (CPIL) which …
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The microfinance sector is coming out of Covid-induced stress, with the default rate for microfinance institutions (MFIs) declining from 16.7 per cent in June 2021 to 5.3 per cent in March 2022, according to the Inclusive Finance India Report by ACCESS Development Services. …
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