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Karnataka Chief Minister Siddaramaiah announced on Wednesday that the state government will soon enforce an ordinance to curb harassment by microfinance companies. He added that the ordinance has ...

The credit for this lies squarely on two sets of regulations, first on microfinance and the second on branchless banking. But the former is in serious trouble, with no signs of reprieve as yet.

The complainant stated that due to unforeseen circumstances, the monthly instalments were delayed, and company representatives “threatened and abused” his mother A first information report ...

During a meeting of the Revenue Department held Monday, Revenue Minister Krishna Byre Gowda noted that microfinance firms have given out loans worth Rs 59,000 crore in the state. “In order to expand ...

The total gross loan portfolio of microfinance institutions in Karnataka has surged from ₹16,946 crore in March 2019 to ₹42,265 crore in the last financial year that ended March 2024 ...

As the industry faces increasing skepticism, it is crucial to assess the challenges of the microfinance model and consider how it must evolve to fully realize its potential in alleviating poverty. One ...