Page 99 - Finance News
Rising micro loan stress: Lenders tap digital debt collection platforms
Spocto X and Credgenics are end-to-end debt collection platforms focused on digitizing the entire collection process
 "Rising micro loan stress: Lenders tap digital debt collection platforms")
NaBFID in talks with ADB, WB for counter-guarantees to infra projects
DFI's loan book expected to touch Rs 3 trillion by FY28
 "NaBFID in talks with ADB, WB for counter-guarantees to infra projects")
Sa-dhan seeks new MFI refinance body, calls for more equity support
Sa-dhan has urged the government to set up a dedicated MFI refinance body and increase flexibility in the India Microfinance Equity Fund to address funding challenges in the microfinance sector
 "Sa-dhan seeks new MFI refinance body, calls for more equity support")
RBI awarded digital transformation Award 2025 for digital initiatives
The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI's internal and external processes
 "RBI awarded digital transformation Award 2025 for digital initiatives")
Flipkart-backed super.money joins top five UPI apps club: NPCI data
The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month
 "Flipkart-backed super.money joins top five UPI apps club: NPCI data")
Securitised pools face pressure as collections dip on unsecured loans
The collections of microfinance pools have declined to about 90 per cent in the third quarter of financial year 2025 (Q3FY25) from around 97 per cent at the beginning of this year
 "Securitised pools face pressure as collections dip on unsecured loans")
Climate risks: RBI moots common pool of projects to enhance financing
Stressing the need for regulated entities to consider creating a common pool of bankable projects for climate related finance, RBI Governor said
 "Climate risks: RBI moots common pool of projects to enhance financing")
FM Nirmala Sitharaman to launch PM Internship Scheme app on Monday
The FM will also launch the first facilitation centre for the Internship Scheme being set up in Kolkata by the Ministry of Corporate Affairs in collaboration with the Confederation of Indian Industry
 "FM Nirmala Sitharaman to launch PM Internship Scheme app on Monday")
AA ecosystem consent processing up 78% in FY25, shows Sahamati data
The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021
 "AA ecosystem consent processing up 78% in FY25, shows Sahamati data")
RBI to set up 'On Tap' cohort on climate change risks: Guv Malhotra
As a central bank, he said the RBI is mindful of its role in addressing and mitigating risks to the financial system from climate change
RBI likely to cut rates in April MPC meet as inflation drops below 4%: UBS
Swiss investment bank UBS believes an accommodative monetary policy could help India sustain growth amid rising global uncertainties and trade disputes
 "RBI likely to cut rates in April MPC meet as inflation drops below 4%: UBS")
Rupee jumps 19 paise to 87.03 against US dollar during early trade
According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow
 "Rupee jumps 19 paise to 87.03 against US dollar during early trade")
Major issuers to tap bond market to raise over Rs 20K cr in next few days
REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years
 "Major issuers to tap bond market to raise over Rs 20K cr in next few days")
Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's
Funding tightness to abate as loan-to-deposit ratio stabilizes
 "Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's")
India's housing finance struggles with regional disparities, warns NHB
As of 30 September, 2024, individual housing loans outstanding stood at Rs 33.53 lakh crore, reflecting a 14 per cent growth compared to the previous year
 "India's housing finance struggles with regional disparities, warns NHB")
RBI invites application for SRO in account aggregator space by June 15
The complexity necessitates frequent coordination among REs to address various operational issues
 "RBI invites application for SRO in account aggregator space by June 15")
Housing loans outstanding stood at ₹33.53 trillion at Q2FY25: NHB
It further said individual housing loan disbursements during the half year ended September 2024 were Rs 4.10 trillion while disbursements during the year ended March 2024 were Rs 9.07 trillion
 "Housing loans outstanding stood at ₹33.53 trillion at Q2FY25: NHB")
RBI invites applications for self-regulatory body for account aggregators
Launched in September 2016, the account aggregator framework ensures secure financial data sharing; RBI said applicants must apply via the PRAVAAH portal by June 15
Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar
At the interbank foreign exchange, the rupee opened at 87.24, tumbled to 87.32 and then gained to 87.22 against the greenback in early deals, trading 1 paisa lower from its previous closing level
 "Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar")
Namma Yatri drivers are also early pilots for unified lending interface
The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency
 "Namma Yatri drivers are also early pilots for unified lending interface")