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Microfinance business is significantly impacting small finance banks like ESAF, Suryoday, and Utkarsh, with nearly a fifth of their microloan books under severe stress. This deterioration in asset quality, driven by high unsecured microloans, is weighing heavily on their profitability and has led to rating downgrades and losses for some.
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News and Media
India's central bank has set a September 30 deadline for Tata Sons, the holding company of the Tata Group, to list publicly. Classified as an upper-layer shadow bank, Tata Sons faces this mandate under new RBI regulations for large NBFCs. The group, however, argues it's not ready and has sought deregistration, creating a significant regulatory face-off.
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News and Media
Indian equities faced a downturn since September 2024. The Nifty 50 is 1,623 points short of its peak. Two-thirds of Nifty 500 stocks are below year-ago levels. A study revealed widespread losses among listed stocks. Bitcoin surged 79 percent. Gold and silver rallied over 51 percent. These alternative assets far outpaced Indian stock market performance.
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News and Media
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