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MFI COERCIVE RECOVERY
L&T Finance, Utkarsh SFB, Fusion Finance tank up to 11% as Bihar passes MFI Bill 2026. Here’s what’s causing pain- Karnataka MFI Ordinance: New law imposes tough conditions for MFIs to operate, coercive loan recover will invite fine, jail term
- Karnataka governor clears ordinance to curb coercive micro-loan recoveries
- 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 ...07 Feb, 2025, 07.03 PM IST
- Karnataka: MFI Ordinance proposes 10-year jail for coercive recovery of loansThe proposed micro-finance ordinance aims to impose hefty fines and lengthy jail terms on micro-finance institution executives who use coer...04 Feb, 2025, 07.49 PM IST
- 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...30 Jan, 2025, 08.11 PM IST
- Assam govt to waiving loan taken by women from micro finance institutionMFI lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulations to regulate the MFIs, opp...10 Jan, 2021, 08.07 PM IST
- 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.11 Feb, 2013, 07.40 PM IST
- Budget 2012: Microfinance Bill will help SKS recover Rs 800 cr in Andhra PradeshSKS said it will be able to collect up to Rs 800 crore from Andhra Pradesh loan portfolio if the Microfinance Bill is passed16 Mar, 2012, 10.32 PM IST
- Microfinance institutions embark on a new course after creation of NBFC-MFIsRBI approved creation of a separate category of specialised finance companies called NBFC-MFIs to cater to low-income groups.28 Dec, 2011, 06.06 AM IST
- Creation of low-income micro-lending NBFC clearedThe Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.26 Oct, 2011, 06.02 AM IST
- No fresh MFI loans in AP a year after Microfinance OrdinanceMicrofinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.16 Oct, 2011, 03.40 PM IST
- SKS Microfinance employees swindled Rs 1.6 cr in FY11: AuditorsThe auditors have also brought under its lens 205 cases where loans were disbursed to non-existent borrowers on the basis of fictitious doc...06 Jul, 2011, 02.02 PM IST
- Micro-lender Ujjivan raises Rs 23 crore via pvt placementStandard Chartered Bank was the book-runner and lead- arranger of the issue, and the non-convertible debenture is listed on the Bombay Stoc...04 Jul, 2011, 04.37 PM IST
- Indian MFIs should not charge more than 20 pc int rate: YunusCriticising Indian micro finance companies for ignoring social service activities and overcharging, micro credit guru and Noble laureate Mu...27 Feb, 2011, 11.01 AM IST
- Economic Survey: Opaque MFI contracts can lead to sort of sub-prime crisisStressing on transparency more than capping of interest rates, the pre-budget Economic Survey on Friday asked the government to take steps ...25 Feb, 2011, 03.42 PM IST
- RBI discusses Malegam Report with stakeholdersThe Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty today said the apex bank has started discussion with all the stakeholders r...18 Feb, 2011, 03.05 PM IST
- Liquidity affected by MFI crisis: Bindu Ananth, President, IFMR TrustIFMR Trust, a private trust with an initial corpus raised through long-term borrowings from ICICI Bank, was set up in 2008 and has backed a...03 Jan, 2011, 05.01 AM IST
- Crisil to assess regulatory impact on MFI sectorRatings firm Crisil has started monitoring the form and extent to which regulatory developments will be implemented in the microfinance sec...26 Oct, 2010, 06.52 AM IST
- New ordinance may hit Andhra MFIsThe Andhra Pradesh government is considering an ordinance that may make it very difficult for microfinance firms, (MFI), to recover loans f...13 Oct, 2010, 01.34 AM IST
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