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MFI ASSOCIATION
Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issueUS Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell I...- MFI body seeks greater penetration of credit flow for growthMicrofinance institutions in West Bengal need more credit to reach the bottom of the pyramid. Currently, only one-third of the target segme...
- Housing demand, price growth to moderate in FY26 amid increasing inventory levelsIndian housing demand shows steady growth despite global economic challenges. Home sales surged in FY24 across top cities like Mumbai and C...
- Microfinance institutions in Karnataka show 10% portfolio growthMicrofinance Institutions (MFI) in Karnataka have a loan portfolio of Rs 46,000 crore, with a 10% year-on-year growth, according to a repor...
- MFIs to play leading role in India's economic growth: StudyAccording to PwC, the global market size of the MFI industry is expected to grow by USD122.46 billion from 2021 to 2026 at a compound annua...
- IDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users"Digitization in collections in the microfinance sector has been a great challenge as most of the MFI clients do not possess smart phones,"...
- NextGen ties up with Sa-Dhan to promote digital paymentsNextGen plans to bring technical solutions like setting up an UPI Auto pay platform for regular EMIs as an auto pay function, riding on the...
- Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
- Microfinance firms poised for consolidation after Covid-19-induced lockdownThere are 96 MFIs with less than Rs 200 crore in loans outstanding that together have a total loan portfolio of about Rs 5,000 crore and ca...
- Bring not-for-profit microlenders under regulatory framework, says MFI bodyOut of its 250 odd members, only about 100 come under the purview of RBI, he said while speaking at the 5th Eastern India Microfinance Summ...
- Buy ITD Cementation India, target Rs 211: HDFC SecuritiesBuy ITD Cementation India Ltd. at a price target of Rs 211.
- HSBC in tie-up with Sa-Dhan to develop digital ecosystem for India's unbanked segment“To digitise the microfinance ecosystem, the pilot with HSBC will provide us a path to empower MFI clients," Sa-Dhan ED was quoted as sayin...
- CIBIL to launch MFI Bureau by June: ChairmanTo keep track of rural borrowers, the Credit Information Bureau (CIB) would soon launch a Micro Finance Institution bureau that would add a...
- Lenders act tough against Sahara Utsarga, Kotalipara Development Society for irregularitesTwo applicants for small finance bank license have found themselves in trouble with their lenders acting tough against them for financial i...
- Arohan Financial Services raises Rs 60 crore from private equity firm Tano CapitalThe Kolkata-headquartered MFI will use the proceeds to expand its presence across the country as well as increase its gross outstanding loa...
- MFIN to seek RBI nod to become 'self-regulatory organisation' by month-endMFIN, the umbrella body of micro-finance companies, will be seeking the RBI's approval to become a self- regulatory organisation by month e...
- SBI has Rs 300-cr exposure in AP''s microfinance sectorSBI has an exposure of Rs300 crore to the troubled microfinance sector in Andhra Pradesh and the public sector lender feels the loans are "...
- Cash strapped MFIs seek Rs 1,000 cr from banksThe Microfinance Institutions Network, a self-regulatory body of a clutch of 44 NBFC MFIs, has asked for Rs 1,000 crore in the form of busi...
- MFIs not to cap ratesThe microfinance industry has decided not to work towards a ceiling on interest rates.
- Bigger capital adequacy ratio to hit cosMFIs in the country are highly leveraged since they are dependent on borrowings. They may find it difficult to bring in additional capital ...
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