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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The microfinance institution faces a possible recall of nearly Rs 6,000 crore in loans given by banks, which it will be hard-pressed to repay given the state of its assets.
There is a storm brewing in the microfinance segment and, by the looks of it, a three-decade-old Delhi-based company could be its first casualty.
Fusion Finance has seen a sharp erosion of its net worth even as it booked Rs 460.93 crore in losses in the first six months of the 2024-25 fiscal year. That’s just for starters.
After the September quarter results, its very solvency is in doubt. And, by no less than its auditor—Deloitte. “We draw attention to Note 8 to the Statement which describes the material uncertainty in relation to the going concern assumption used in the …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
