Rs 20,000 crore credit guarantee plan misses the mark

Banks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with smaller microfinance institutions. Larger microfinance companies are hesitant to borrow under the government’s guarantee program. About one thousand crore rupees went to small and medium-sized microfinance entities.

ICICI Prudential AMC to buy ISecs’ PMS business

ICICI Prudential AMC’s board approved acquiring ICICI Securities’ PMS business. This acquisition will broaden the company’s existing portfolio management offerings. The PMS business caters to high net worth individuals with customized investment solutions. Assets under management stood at ₹2,910 crore as of March 31, 2026. The transaction is expected to be completed within a year…