MFIN seeks credit guarantee support from government to boost bank lending to sectorMicrofinance Industry Network (MFIN) is urging the government for credit guarantee support to encourage banks to lend to the sector, facing...
12 Aug, 2025, 07.45 PM IST
Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFINDuring the last fiscal, the total outstanding of the MFI sector was Rs 2.7 lakh crore, and the sector had created around 1.32 crore jobs in...
03 Jan, 2023, 06.31 PM IST
MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemicHe said that the precise size of the credit losses may differ from one institution to another.
07 Nov, 2022, 05.06 PM IST
Sidbi likely to revamp microfinance equity fund schemeThe Microfinance Institutions Network (MFIN) is in talks with Sidbi to revamp the fund, MFIN chief executive Alok Misra said.Misra said tha...
07 Nov, 2022, 04.36 PM IST
Microfinance sector grows 24% in June quarter; loan disbursals rise nearly 80%Micro loan disbursals during the June quarter improved sharply to Rs 45,830 crore as compared with Rs Rs 25,503 crore seen in the same peri...
23 Sep, 2022, 12.05 AM IST
"Very welcome step": MFIN chief hails FM's latest sops for small borrowers"NBFCs and MFIs play a very vital role in pushing inclusion of low-income clients. They need to be supported. Bankers are understandably ri...
29 Jun, 2021, 11.10 AM IST
Conserving cash immediate objective of most MFI firmsConserving cash is the immediate objective for most microfinance firms now with average collections dwindling to about 65%, making loan dis...
21 May, 2021, 08.53 PM IST
MFIs better prepared to deal with disruptions due to rising COVID-19 cases: MFIN CEOOver the past year, microfinance institutions (MFIs) have streamlined their processes, trained field staff on COVID-appropriate behaviour a...
16 Apr, 2021, 10.23 PM IST
MFI borrowers to benefit from ex-gratia payment of interest schemeRoughly, around Rs 300 crore will flow in as a relief to the MFI borrowers due to the order on an aggregate loan of Rs 60,000 crore, Microf...
29 Oct, 2020, 05.39 PM IST
SoftBank probes smear campaign against Nikesh AroraThe committee, comprising directors on the board of the group, will examine the allegations, including those against former SoftBank presid...
27 Mar, 2018, 01.15 PM IST
- Banks fails to meet agricultural lending target in Maharashtra
Banks have so far met only 57 percent of their Rs 24,629-crore agricultural lending target in Maharashtra.
09 Aug, 2012, 07.21 PM IST
- Bank of India to rename its Indonesian arm
Public sector lender Bank of India today said it will rename its Indonesian arm, Bank ofSwadesi, as Bank of India Indonesia.
09 Apr, 2012, 03.28 PM IST
- Bank of India to re-enter MF biz by early-2012
Bank of India said it will be re-entering the mutual fund business by January 2012 and is presently in talks with multiple players for a st...
02 May, 2011, 07.18 PM IST
- BoI Q3 net up 60.8 pc at Rs 653 crore
Public sector lender Bank of India today posted a 60.80 per cent jump in net profit to Rs 653 crore for the December quarter, driven largel...
21 Jan, 2011, 09.46 PM IST
- Bank of India to open more branches, ATMs: Alok Misra
Bank of India has aggressive plan for expanding its branch network to over 3,600 up from 3,244 branches and ATMs to 2,000 from the present ...
22 Jul, 2010, 06.02 PM IST
- OBC open to acquire more banks, hints at interest rate cut
State-run lender Oriental Bank of Commerce on Sunday said it is open to the idea of acquiring banks in the country and will start 85 branch...
20 Jan, 2008, 07.32 PM IST
- Rawal takes over as ED of Canara Bank
Canara Bank on Wednesday said D L Rawal has assumed charge as its Executive Director.
07 Jun, 2007, 06.25 PM IST