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MFI CHALLENGES
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...- Ola Electric vs Ather Energy: Which stock looks better after a stellar surge of up to 70% in April?Ola Electric shares have rebounded sharply, surging 68% in under 10 sessions, while Ather Energy gained 16% over the same period. Despite t...
- Piramal Finance AUM touches Rs 1 lakh crore; acquisitions on radar: CEOPiramal Finance has crossed Rs 1 lakh crore in assets under management. The company plans to acquire a microfinance institution to boost it...
- MFI portfolio continues to de-grow, asset quality remains challenging: ReportThe microloan portfolio across all lenders declined by 14% year-on-year, reaching ₹3.81 lakh crore at the end of March. The asset quality r...
- Liquidity abundant, but regulatory curbs holding back NBFC growth ambitions: Shweta DaptardarGoing forward the larger, the bigger picture is while the liquidity has been strong in the system, and we are in a downward interest rate r...
- I-Sec upgrades AU Small Finance Bank to buy; raises target price to Rs 725ICICI Securities upgrades AU Small Finance Bank to a BUY with a target of Rs 725. Recent performance was affected by high credit costs in m...
- Stocks to buy today: Jefferies upgrades Prestige Estates to buy; CLSA sees 37% upside in ONGCTop brokerages shared their latest stock ratings. Macquarie maintains an Outperform on IndusInd Bank (Target: Rs 1,210) despite MFI challen...
- IDFC First Bank shares slump 7% to 21-month low as microfinance segment weighs on Q3 profitIDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despi...
- MFIs seeks govt support to tide over challengesMicrofinance institutions are asking for dedicated funding and government support to tackle challenges. They highlight the need to address ...
- RBI monitoring credit market, will act on issues proactively: DasWhen asked about the slower pace of deposit growth as compared to credit growth, the RBI governor also said that banks were mindful of the ...
- 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...
- RBI’s new guidelines to make microfinance strongerUnlike the earlier definition that distinguished between rural and urban, RBI has now set a common household limit of Rs 300,000 for loans ...
- Shriram Properties reports strong quarterly performanceThe Company achieved sales volumes[2] of 1.03 msf in Q3FY22, supported by successful launches. Aggregate sales volumes for the first nine m...
- Micro lenders' second quarter profit allay slowdown concernsBigger microfinance firms have shown steady growth and profit numbers during the second quarter.
- India's microfinance sector remained strong despite slowdown: ICICI SecuritiesCaptains at MFI firms believe that said that the slowdown is not felt in their sector as they finance making of goods for conspicuous consu...
- 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...
- MFIs may challenge HC ruling; see 40 pc growth in FY 2013The Microfinance Institutions (Development and Regulation) Bill is expected to cover all MFIs, including the smaller ones.
- HC dismisses petitions against AP MFI Act, state unlikely to repeal ActThe AP state High Court on Monday dismissed MFIs' petitions challenging the AP Microfinance Act.
- Supreme Court asks SKS to file affidavit challenging AP MFI ActThe Supreme Court has SKS Microfinance to file an additional affidavit over its petition challenging certain sections of the AP Microfinanc...
- Indian MFIs to build portfolio of $6.27 billion by 2012It is estimated that there are over 1,000 MFIs operational in India currently, which have disbursed only 10% of the potential demand of ove...
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