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.
Global markets: Stocks slip as dollar heads for weekly loss
In a week fraught with concerns over escalating interest rates and financial complications tied to AI, global stock indices saw moderate declines. While the S&P
October 17, 2026