Tag Archives: demonetisation impact

Exit Poll Results Out; Akhilesh Next UP CM?

The exit polls are out for the results of assembly elections in five states, with Uttar Pradesh going to Akhileash Yadav – Rahul Gandhi front winning comfortable majority to form the government. Exit poll results for the bitterly fought Assembly Elections were aired on all major TV news channels on Thursday evening, after the statutory embargo ended. Uttar Pradesh outcome ...

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Microfinance Sector Under Pressure Again?

Microfinance industry has come under pressure once again after a gap of five years, bringing to the fore the reality check of actual beneficiaries under its avowed vision for a greater financial inclusion. While MFIs are vocal about their commitment to reach a wider section of population in rural areas, the unbanked or underserved urban segments, the criticism is mounting ...

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Rating Agency ICRA Puts MFI Cashpor in Negative Watch List

The credit rating agency ICRA has placed the ICRA-BBB-Minus rating of Rs.25 crore NCD Programme of Cashpor Micro Credit (CASHPOR) on watch with negative implications, following the demonetisation impact. The rating agency said the decline follows the likely adverse impact of recent demonetization on Cashpor’s liquidity and asset quality indicators. "The risk of Cashpor’s credit quality deteriorating in the near ...

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