Heads of microfinance institutions (MFIs) emphasize the difficulty in lowering interest rates without access to cheaper funds, suggesting a dedicated credit guarantee scheme or refinance facility. With current rates between 21% and 24%, there is regulatory pressure to reduce them. Alternatives include revamping existing credit guarantee schemes and introducing an interest subvention scheme.
PhysicsWallah Q2 Results: Profit soars 62% YoY to Rs 72 crore, revenue surges 26%
PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major