The microfinance sector is showing signs of a turnaround, with several small finance banks and NBFC-MFIs reporting increased business volumes and improved repayments. While some lenders are experiencing growth, others, particularly smaller ones, continue to face challenges. The overall market has contracted, with Bandhan Bank actively cleansing its balance sheet by selling non-performing loans.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires