Unused approved credit lines, which were not disbursed in the last financial year by the banks due the lockdown, are expected to be extended to MFIs, P Satish, executive director of Sa-Dhan, a self-regulatory organisation of the industry, said

Experts in the sector expect more small finance bank licences getting issued and the sector emerging as market-driven having listed entities

ADB committed to provide USD 3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of multilateral lending agency.

State Bank of India is using technology ggressively to reach out to remote areas of the country.

With an aim to take the agenda of financial inclusion further, 2017 saw two categories of small and nimble institutions, allowed by the Reserve Bank of India, take shape in the country.

Undeterred by challenges, new small finance banks are betting on technology to tide over some serious hurdles.

In an industry that is barely 12 years old in India, a new breed of microfinance entrepreneurs has emerged on the scene, armed with management techniques and technology, and a burning desire to get big quickly. 7 Indian Microfinance Institutions in Forbes' 50 listGod of small credit - Vikram Akula