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TN small borrowers delay repayments

Financial Express Kochi

|

May 20, 2025

"IT STARTED IN Karnataka and now it is in Tamil Nadu. Technically, the Act is not applicable to NBFC-MFIs. So, it is actually exempted, but then it is only the perception — people on the ground may feel this is applicable for everybody and people may delay payments," Muthoot had said during the company's fourth-quarter earnings call.

According to Muthoot, the initial confusion around collections could take one or two quarters to settle. "Initially, there will be some hiccups. After some time, it has to straighten out. Today, there is a hiccup," he said, without quantifying the impact.

The Tamil Nadu Bill proposes up to three years' imprisonment and financial penalties against recovery agents found employing coercive recovery tactics. The provisions have unnerved microfinance lenders and small finance banks (SFBs) in Tamil Nadu — the second-largest market in the ₹3.85 lakh crore microfinance industry after Bihar.

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Financial Express Kochi

PM inaugurates Skyroot's orbital rocket in Hyderabad

PRIME MINISTER NARENDRA Modi on Thursday unveiled space startup Skyroot's first orbital rocket and praised Gen Z professionals for creating new technologies.

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1 min

November 28, 2025

Financial Express Kochi

Govt pushes green farm tools to boost food output by ’47

THE GOVERNMENT WILL prioritise green fuel-based farm machinery and enhance access to mechanisation for small and marginal farmers as part of India's vision to become a global food basket by 2047, Agriculture Secretary Devesh Chaturvedi said on Thursday.

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1 min

November 28, 2025

Financial Express Kochi

Cyclone Ditwah moves toward TN & Andhra

THE INDIA METEOROLOGICAL Department (IMD) Thursday afternoon said that cyclone Ditwah had developed in the southwest Bay of Bengal.

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1 mins

November 28, 2025

Financial Express Kochi

TCS signs deal with SAP to drive cloud, Gen AI reboot

FIVE-YEAR CONTRACT BUILDS ON PARTNERSHIP OF OVER 2 DECADES

time to read

2 mins

November 28, 2025

Financial Express Kochi

Airtel likely to dial up capex by 56% in FY27

Broadband & 5G network upgrade, data centre push key capex drivers

time to read

1 mins

November 28, 2025

Financial Express Kochi

Unified portal soon to help retrieve unclaimed assets

THE FINANCE MINISTRY is working with the Reserve Bank to develop a unified portal to enable savers and retail investors to claim all unclaimed assets across asset classes such as bank deposits, pension fund, shares, and dividends, Department of Financial Services Secretary M Nagaraju said on Thursday.

time to read

1 min

November 28, 2025

Financial Express Kochi

NBBL targets one billion monthly transactions

NPCI BHARAT BILLPAY'S (NBBL) platform aims to process 1 billion transaction per month over the next three years, said Noopur Chaturvedi, MD & CEO of NBBL, a wholly owned subsidiary of the National Payments Corporation of India.

time to read

1 min

November 28, 2025

Financial Express Kochi

Meesho to raise up to ₹5,400 crore through IPO

INDIAN E-COMMERCE PLATFORM Meesho will raise up to %5,400 crore through an initial public offering that will open on December 3, sources said.

time to read

1 min

November 28, 2025

Financial Express Kochi

Benchmarks touch lifetime highs

ACCORDING TO Aashish P Sommaiyaa, ED & CEO of WhiteOak Capital AMC, while domestic flows are sustainable, FPI outflows are abating and there are early signs of change.

time to read

1 mins

November 28, 2025

Financial Express Kochi

Private telcos flag gaps in DPDP Rules

THE CELLULAR OPERATORS Association of India (COAI), which represents the three private telcos in the country, has said that several areas in the Digital Personal Data Protection (DPDP) Rules, 2025 require clearer articulation to support smoother and industry-aligned compliance.

time to read

1 min

November 28, 2025

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