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.
Dollar whipped as markets wary of mounting risks
The dollar remained weak on Thursday amid policy uncertainty, though supportive comments from the White House and European officials offered some respite. Investors interpreted the