Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion ...

The internal watchdog of the International Finance Corp. found that the lenders pressured borrowers to keep paying back loans ...

Nearly 80% of microfinance exposure is concentrated in rural India, while borrowers with loans from multiple lenders are ...

Kochi: High court on Wednesday granted the investigation team one month’s time as a final opportunity to complete the probe ...

The Central Bank of Nigeria, CBN, has revoked the operating licences of 46 microfinance banks across the country for failing to meet regulatory requirements.

A coalition of Civil Society Organisations (CSOs) has called on the Central Bank of Nigeria to urgently review the impact of ...

The revocation of the operating licenses of 13 microfinance banks in Kano has raised concerns among customers and small ...

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operations. The apex ...

The Central Bank of Nigeria revoked the operating licences of 46 microfinance banks after determining they no longer met regulatory requirement ...

LiquidCrest Microfinance Bank has transitioned from a community-rooted financial cooperative into a technology-driven microfinance institution licensed by the Central Bank of Nigeria, marking over ...

Lenders including Bandhan Bank Ltd., and non-bank firms such as CreditAccess Grameen Ltd., Satin Creditcare Network Ltd. and ...

On the list of the 46 microfinance banks whose licences were revoked, Kano State accounted for the highest number with 13 banks, followed by Lagos with eight.The Central Bank of Nigeria (CBN) has ...