Is 30-year-old MFI Fusion Finance on the verge of going belly up?

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.

December 03, 202411 min
0
Is 30-year-old MFI Fusion Finance on the verge of going belly up?

You may also like

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.

Business
Story image

The rot at HDFC Bank’s Dubai branch goes deep

The AT1 bond misselling allegations shine a light on the lack of oversight and may end up costing India’s largest private bank dearly.

Business
Story image

Bajaj Finance’s Rajeev Jain has a lot of work to do

India’s leading NBFC wants to double its loan book in the next four years by focusing on areas neglected by others. The managing director has a plan for both achieving this growth and fixing its succession crisis.