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The microfinance sector grew 24% year-on-year to Rs 2.93 lakh crore with banks retaining its leadership position with 38.4% market share, the Microfinance Institutions Network (MFIN) said Wednesday. Micro loan disbursals during the June quarter improved sharply to Rs 45,830 crore as compared with Rs Rs 25,503 crore seen in the same period a year…
The amendments to foreign exchange rules notified by the Centre on Monday have cleared the decks for Indian entrepreneurs and wealthy investors looking to put money in foreign fintech companies. Several technology entrepreneurs and angel investors have been facing challenges in acquiring stakes in foreign fintech companies because until now only non-banking financial companies (NBFCs)…