The majority of Reliance Capital lenders Monday agreed on equitable distribution of proceeds among assenting and dissenting creditors, a move aimed to discourage negative voting on the plan, said people aware of the development. Lenders expect a recovery of about Rs 10,090 crore from the sale of Anil Ambani promoted financial services company, which is below the liquidation value pegged at Rs 12,500-13,000 crore.

Banks including the country's largest microfinance lender, Bandhan Bank, account for about 45% of the sectoral bad loans, industry sources said. Banks account for about 34% of the microfinance loan outstanding of Rs 3.52 lakh crore. "There has been a substantial reduction of NPAs in the overall microfinance portfolio during the quarter. The reduction seems to be due to improved collection of past dues and bad loans write-off," Sa-Dhan executive director Jiji Mammen told ET.

Avijit Saha will be joining the company as the CEO and will be co-investing in partnership with Warburg Pincus. Warburg Pincus, the US-based private equity firm, has acquired a controlling stake in Vistaar Finance, an NBFC lending to MSMEs in India in partnership with ICICI Bank veteran Avijit Saha. The PE fund and Saha acquired about 95% stake in Vistaar for Rs 2,500 crore

Registrations for external commercial borrowing (ECB) by corporates fell to $26.6bn in the last fiscal year due to rising global interest rates. After gradually increasing during the first three quarters of 2022-23, registrations dropped in Q4. ECB inflows for the year totalled $23.8bn, only marginally higher than outflows.

Less than 30% of users of India's Unified Payments Interface (UPI) are women, according to Arati Deo, engineering director at Google Pay. She said that trusted assistance for women making their first few digital payments would help overcome the problem. While courses build knowledge, the usage of digital products builds capability, she added.

The capital raised by Adani Green Energy will be used to repay an outstanding $750 million, three-year bond issued in 2021 that's due next year. The money is likely to be kept in a dedicated redemption reserve account and paid on the due date, said people aware of the matter.

​​The recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation value.

Chief Economic Advisor V Anantha Nageswaran on Wednesday asked the finance industry to observe self-restraint and stop predatory practices, misselling of products and data misuse. The academic-turned-advisor said regulations can only work to an extent to stop robberies, but crime can be curtailed only when the robber chooses to reform.