‘Lending mkt size doubled last fiscal over FY17’

Over the last five years, retail, micro-lending and commercial lending portfolios have seen an increase by 91 per cent, 157 per cent and 93 per cent, respectively.

The slowdown in the economy has also contributed to the indebtedness and stress in the microfinance sector. (File)

The total size of the lending market in India rose to Rs 156.9 lakh crore as of March 2021, a 100 per cent growth from FY17, credit bureau CRIF High Mark said in a report. Over the last five years, retail, micro-lending and commercial lending portfolios have seen an increase by 91 per cent, 157 per cent and 93 per cent, respectively.

It said retail and commercial lending contributed 49 per cent each to India’s total lending and microfinance contributes to 2 per cent of the total lending pie.

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

Cities2 hr ago

Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

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