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KARNATAKA MICROFINANCE ORDINANCE
Muthoot Microfin returns to profit despite sharp year-on-year dropMuthoot Microfin posted a Rs 6.2 crore Q1 profit after last quarter’s loss, down 95% YoY. GNPA rose to 4.85%, provisions increased, but col...- Spandana's top ten investors to buy into Rs 400-crore rights issueSpandana Sphoorty Financial's ₹400-crore rights issue, opening August 1, has secured participation from its top 10 institutional investors,...
- TN, Karnataka ordinances to hinder microfinance institutions' recovery; poll-bound Bihar under watch: CrisilCrisil Ratings anticipates that Indian microlenders will likely remain unprofitable until the fiscal year's end, citing challenges from sta...
- CreditAccess expects recovery amid improving PAR performanceCreditAccess Grameen stock fell 9% in three sessions after Q4 showed rising slippages, higher credit cost, and weakening asset quality. Ana...
- Muthoot Microfin reports Rs 401 crore net loss in Q4 amid asset quality crisisMuthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for b...
- Microfin in major crisis with near-2x NPA surge; Joint-liability lending model on shaky groundIndia's microfinance sector is facing a severe crisis as delinquency rates have surged, with gross NPAs reaching 16% in FY25. This rise has...
- Microfinance recovery at least 2 quarters away; Q4 going to be tough for NBFCs, MFIs: Shweta DaptardarElara Capital's Shweta Daptardar indicates the microfinance sector still faces challenges, with recovery expected to take at least two more...
- NBFC results may reflect lingering microfinance stressAlthough credit trends in segments like unsecured personal loan and credit card are plateauing because a large pool of stressed loans are r...
- MFI loan defaults rise a tad in Karnataka, but trend is better: CreditAccess GrameenCreditAccess Grameen reported a rise in the default ratio for microloans in Karnataka after the state introduced an ordinance to regulate m...
- Default ratio in micro loans rises following Karnataka's new ordinanceDefault ratio in micro loans increased in Karnataka following the promulgation of an Ordinance to regulate microfinance activities, as repo...
- Karnataka MFI Ordinance: New law imposes tough conditions for MFIs to operate, coercive loan recover will invite fine, jail termThe Karnataka Government has enforced the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, which manda...
- Karnataka governor clears ordinance to curb coercive micro-loan recoveriesGovernor Thaawarchand Gehlot approved the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025. The ordinan...
- Karnataka government sends microfinance ordinance back to Governor with explanationsThe Karnataka government has re-sent an ordinance to the Governor for assent, aimed at protecting borrowers from harassment by microfinance...
- Micro Finance: Karnataka Governor returns Ordinance, questions its need when there are other lawsGovernor Thaawarchand Gehlot returned the Karnataka Micro and Small Loan Ordinance, 2025, to the state government for clarification on six ...
- Karnataka: Officials panel to vet MFI Ordinance draft to strengthen proposed lawA high-level meeting led by Chief Minister Siddaramaiah has decided to form a group of senior finance and law officers to review a draft Or...
- MFIs in Karnataka may face fresh recovery challengesThe Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan rec...
- Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
- Siddaramaiah talks tough on MFIs employing goondas to recover loansThe State Government has decided to take strict action against micro-finance institutions (MFIs) demanding high interest rates and harassin...
- From brink of bankruptcy to Rs 1,850 crore portfolio: Amazing story of Spandana Sphoorty FinancialIn 2011, Spandana was saddled with Rs 2,200 cr of debt amid microfinance crisis in Andhra Pradesh. 6 years later, it is a leader of the len...
- Banks turn more receptive to MFIs; UBI sanctions Rs 100 crore loan to Bandhan Financial ServicesOf the Rs 30,000 crore MFIs have borrowed from the banking system till date, this is perhaps the most precious Rs 100 crore ever.
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