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.

3 December, 202411 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
Is 30-year-old MFI Fusion Finance on the verge of going belly up?

You may also like

Business
Story image

The Rs 590-crore blame game at IDFC First Bank

Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.

Business
Story image

Exclusive: Jana Small Finance Bank to reapply for universal bank licence in May

The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.

Business
Story image

CSB Bank’s deposits are a ticking time bomb

The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.