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MFI INDUSTRY
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...- MFI portfolio dips 9 pc in April on private banks' cautious stance: ReportIn what can bring some cheer to the industry battling a host of challenges on asset quality for over a year, assets unpaid for over 30 days...
- Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
- ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
- IDFC First Bank Q4 Results: PAT grows 5% YoY to Rs 319 crore; NII up 16%IDFC First Bank announced its financial results for the March quarter of FY26. The bank's standalone net profit saw a 5% increase compared ...
- Reliance Industries becomes first Indian firm to cross $10 billion annual profitReliance Industries achieved a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in an...
- April-listed Powerica posts 226% YoY Q3 PAT growth; repays Rs 525 crore debt post IPOPowerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% incre...
- Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: NuvamaIndian cement demand is set for a strong start in the first quarter of FY27. Government infrastructure spending is driving growth. However,...
- Execution, order inflows to drive L&T growth; BEL rides defence push: Siddhartha KhemkaIndia's capital goods sector is experiencing robust growth, fueled by strong order backlogs and increasing project execution across infrast...
- PSU banks vs private bank stocks: Nomura analysts give 4 reasons to rotate your moneyAfter strong outperformance by PSU banks over the past year, Nomura turns cautious and prefers a shift to private banks, citing better risk...
- 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...
- MFI industry seeks higher credit guarantee scheme in budget 2022In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in terms of...
- MFIs to face asset quality pressures in near term amid rise in COVID-19 cases, restrictions: ReportThe microfinance industry is likely to face asset quality pressures in the near term due to the recent surge in COVID-19 infections and loc...
- Fresh surge in Covid infections could dampen MFI asset quality outlook: ICRAIndia reported more than 2 lakh fresh Covid infections on Thursday, with lockdown and weekend curfew announced in various states including ...
- MFI industry hopes repayments to start from JuneThe government had announced a special liquidity support of Rs 30,000 crore with its guarantee, and the Rs 45,000 crore partial credit guar...
- MFIs’ stress levels soar as more borrowers push for moratoriumThe bottom of the pyramid borrowers are also in search of fresh dose of loans to resume their businesses.
- MFI industry seeks more refinance from DFIs in budgetMany of 200-odd MFIs operating in the country work as BCs for the banks for credit disbursements for which an 18 per cent GST is levied on ...
- Microfinance reaching less than 20% of potential household: Equifax’s Manu SehgalReaching to last mile borrowers is going to be the key to NBFC-MFIs future growth, holds Manu Sehgal, Business Development Leader, Equifax.
- Asset quality pressure continues to weigh on MFI industry“We expect the near-term asset quality overhang to persist,” the report said. Listed companies- Bharat Financial Inclusion, Equitas and Ujj...
- 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...
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