English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsOpinion

    Digital lending ecosystem can learn from microfinance’s brush with RBI

    Digital lending’s rapid growth led to questionable practices, forcing the RBI to lay down norms. They may be disruptive but the MFI sector’s experience shows it can be beneficial in the long run 

    Alekh Angre
    March 17, 2023 / 10:20 AM IST
    Digital lending ecosystem can learn from microfinance’s brush with RBI

    Representative Image (Illustration by Suneesh K.)

    India’s largest pure play microfinance lender CreditAccess Grameen has added over 3.7 lakh new borrowers so far in the March quarter, surpassing the figure of 3 lakh new clients in the preceding three months. Its assets under management also crossed the milestone of Rs 20,000 crore. In a regulatory filing Tuesday, the lender said it has been seeing robust business momentum since June, after being at the forefront of adhering to the Reserve Bank of India’s revised microfinance guidelines. The revised...

    • PRO Panorama

      Moneycontrol Pro Panorama | It all starts and ends in the bond market

      Mar 31, 2023 / 03:20 PM IST

      In today’s edition of Moneycontrol Pro Panorama: India's growing gaming market needs better policies, the only solution to the b...

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers