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With 61% of Loan Book Tied up in High-Risk Microcredit, Bandhan Bank Feels the Heat of Coronavirus Lockdown
The nationwide lockdown to fight COVID-19 presents a major crisis for banks with high exposure to the microcredit segment. With many small businesses on the verge of shutting down, loan repayments may stop.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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What Helped CreditAccess Grameen Maintain ‘Good’ Liquidity Position Amid Lockdown
CreditAccess Grameen Ltd. said its liquidity position was “quite good” even as lenders stop loan collections amid a national lockdown to combat the coronavirus pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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When Digital Payment Waves Lead to ‘Unbanking’
Ironically, fintechs and cashless payment technologies who promise to ensure financial inclusion often achieve the opposite results.
- Categories
- Finance
- Region
- South Asia
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How an Indian App Delivers Groceries in Remote District During COVID-19
“From an administrative standpoint, the importance of MeeBuddy App is that it keeps people at home at the need of the hour and they have no reason to go out,” says Lohit Deputy Commissioner Prince Dhawan.
- Categories
- Coronavirus, Technology
- Region
- South Asia
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Social Distancing Is Not an Option for India’s Poor
Modi has announced a lockdown, but the strategies adopted in other countries simply aren’t possible for millions of Indians.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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With Discretionary Spends in a Freeze, Indian Retailers Catch a Cold
As number of Covid-19 cases mount, consumers in India are cutting down on discretionary spending and stocking up on basic items such as food and groceries.
- Categories
- Coronavirus
- Region
- South Asia
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Matt Damon’s Impact Investing Fund Backs CreditAccess Grameen
Mumbai-listed CreditAccess provides group lending products as well as retail finance products. It also offers access to non-financial services such as customer awareness and education programmes and sanitation efforts.
- Categories
- Investing
- Region
- South Asia
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Off-Grid Energy Investment at $2.1 Billion in the Last Decade: Wood Mackenzie
Wood Mackenzie estimates 420 million people now use standalone off-grid solar and another 47 million people rely on mini-grids for access to electricity. While investments in energy access have rapidly accelerated since 2016, total volumes still fall short of the total estimated financing needed to reach universal electricity access globally by 2030.
- Categories
- Energy
- Region
- South Asia
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