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MFI DISBURSALS
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...- Bernstein says Aadhar Housing, Home First, other housing stocks can rally up to 34%. Here are 3 reasons whyBernstein sees a significant rally potential of up to 34% in affordable housing finance stocks like Home First Finance and Aptus Value Hous...
- 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 ...
- Equitas Small Finance Bank shares rally 7% on 5-fold jump in Q4 profit to Rs 213 croreEquitas Small Finance Bank shares saw a significant 7% rise. This surge followed the bank's announcement of a substantial 406% increase in ...
- L&T Finance, Utkarsh SFB, Fusion Finance tank up to 11% as Bihar passes MFI Bill 2026. Here’s what’s causing painShares of microfinance-linked lenders fell sharply after Bihar passed a bill tightening regulations on MFIs. While the move may have limite...
- MFI disbursals drop 10 pc in Q2 as credit quality takes a hitMicrofinance disbursements fell over 10% in the July-September quarter as asset quality concerns rose, with overdue loans more than doublin...
- Microfinance loans continue to weigh on banksIndian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microf...
- East India leads with 40% microfinance businessThese four states account for about 40 per cent of the total MFI loan book.
- NBFC-MFIs post over 50 per cent year-on-year growth in Q1 FY19Overall microfinance industry has grown by 39 per cent year-on-year in April-June quarter of the fiscal and total size of the microfinance ...
- CreditAccess Grameen IPO subscribed 37% on Day 2The issue received bids for 50,76,330 shares against the issue of 1,88,29,684.
- CreditAccess Grameen IPO kicks off; should you give it a miss?At the upper price band of Rs 422, the issue is valued at 2.9 times post issue book value.
- NPCI starts pilot project to digitise transactions in micro finance institutionsThe customer has to dial the contact, enter the amount and Unified Payments Interface (UPI) PIN on the feature phone and the repayment gets...
- Bharat Financial looks to reduce cost with digital loan processing systemThe roll-out of the technology relies on a three-step process -- Aadhar-based and online customer documentation process, credit bureau auth...
- Demonetisation may slow MFIs’ disbursement rateHowever, MFIs may not be comfortable maintaining high disbursement levels at a time when their collections come under pressure.
- Microfin companies will soon have up to Rs 450 crore more to lendThe ADB guarantee was designed with the objective of partnering with financial institutions that actively lend to MFIs in ADB’s member coun...
- Janalakshmi Financial Services launches financial advisory service JanaOneJanaOne will provide financial advisory services, such as savings and pension plans, to existing Janalakshmi customers.
- RBI notifies separate NBFC category for MFIsRBI approved creation of a separate category of non-banking financial companies for the MFI sector and specified that such institutions nee...
- SIDBI to disburse Rs 1k cr to MFI sector this fiscalSIDBI plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during 2011-12, which is 19% more than the loan...
- 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...
- Rising fee income strengthens MFIs’ loan bookMicrofinance institutions (MFIs) can function better as loan facilitators rather than being loan providers, according to a study by Crisil.
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