The microfinance sector is prioritizing asset quality stabilization and cautious credit expansion, implementing guardrails like limiting lenders per borrower to three and capping household loan exposure at ₹2 lakh. These measures have led to a stabilizing portfolio and consistent repayment behavior, with gross loan portfolio contracting and short-term delinquencies falling.
Snapdeal parent AceVector raises Rs 189 crore from anchors; Negen, Singularity among top investors
In a significant move, AceVector, the owner of Snapdeal, has successfully garnered Rs 189 crore from anchor investors for its upcoming IPO, scheduled to open