MFI industry seeks higher credit guarantee scheme in budget 2022
In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in terms of higher credit costs and access to low-cost long-term funds.
Axis Bank closing in on Citi India's consumer business: SourcesWall Street giant Citi said last year that it would exit its consumer franchises in 13 markets, including India, as it refocuses on its more lucrative institutional and wealth management businesses. Its Indian consumer banking business comprises credit cards, home loans and retail banking.
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