Microfinance asset quality improves further as loans at risk fall to 2.3% in June: CRIF

The microfinance sector experienced a noticeable easing of asset quality stress in June, thanks to lenders aggressively addressing bad loans, which bolstered the portfolio’s performance. The average loan amounts saw an uptick as lenders prioritized dependable borrowers. Meanwhile, the seasonally driven slowdown caused loan origination to level off, although NBFC-MFIs recorded a significant increase in…

Vodafone Idea secures Rs 6,400 crore in first funding tranche from SBI-led banks after AGR relief

The telecom operator Vodafone Idea is in the process of raising capital from a mix of public sector and private lenders, showcasing significant advancement in its funding strategy. They have successfully closed the initial tranche amounting to Rs 6,400 crore, factoring in warrant proceeds and various debt facilities. The company remains engaged with lenders to…