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Twenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance crisis. Many have returned to private moneylenders. This trend reflects tighter lending rules and market contraction. Loan disbursements saw a recent increase, indicating a slow recovery. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oMLhK7m via IFTTT

India's microfinance sector is seeing a significant shift. Lenders are now offering larger loans to existing customers with good repayment histories. The average loan size has reached its highest point. This indicates growing lender confidence and a move towards more substantial lending. New loan disbursements are also showing steady growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AliWLmz via IFTTT

India's financial sector faces challenges if the Middle East conflict continues. Banks and lenders will see higher costs and less liquidity. Borrowers, both companies and individuals, will feel the strain. Oil and gas supply disruptions will impact industries. The rupee may weaken. Despite these pressures, India's overall economic conditions are expected to remain stable. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2lDatey via IFTTT

Investigators found many cases of funds routed through multiple accounts or entities to obscure their origin, necessitating a deeper scrutiny under the anti-money laundering law, they said. The matter is connected to an ongoing investigation into alleged GST evasion related to online betting applications involving transactions totalling around ₹10,000 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YpuqKvw via IFTTT

Axis Bank must pay Procure Logistics Services Pvt Ltd Rs 3.19 crore. The National Consumer Disputes Redressal Commission found the bank deficient in service. Axis Bank refused to accept demonetised currency notes from the company during the 2016 demonetisation period. This refusal caused the company a direct and irreversible loss. The commission ordered payment with interest. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/30ruo7e via IFTTT

IDBI Bank sale: An outright cancellation of the strategic sale of IDBI will make it harder for the government to realise its FY27 disinvestment and asset monetisation target of ₹80,000 crore. At Friday's share price on the BSE, the sale of a 30.48% stake in IDBI Bank could fetch the government about ₹30,215 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CbPWf91 via IFTTT