Economic TimesLean R·
Microfinance firms grow as banks pull back
Kolkata: Large microfinance companies have drawn up plans to grow faster this year, revising their earlier projections upwards, as cautious lending by private banks and smaller lenders create more space for them.Publicly listed Muthoot Microfin and Satin Creditcare Network -- the third and fourth in ranking in terms of assets under management -- have both raised growth projections by around 500 basis points, with the microfinance market getting more consolidated in favour of large non-banking f…
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