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The number of borrowers taking loans from three or more lenders was 11 million, or 13% of the total microfinance borrower base of 85 million, showed the latest data collated by credit bureau CRIF High Mark, and seen by ET. At present, the microfinance sector is reeling under severe asset quality stress. The sectoral gross nonperforming assets ratio rose to an 18-month high of 11.6% at the end of September
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Since the company's stock market debut in March 2021, Kalyan shares have soared 780%. Jani said that when companies are in a growth and expansion phase, as Kalyan Jeweller seems to be, a rebound is likely to post corrections.
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The purchase of the two-tower complex just west of Northwestern University could boost plans from several other developers now seeking to launch new Evanston apartment projects.
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