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MFI LOAN RECOVERY
Inflationary pressures, reduction in discretionary cash flows may impact collection of MFIs: ReportMicrofinance borrowers' repayment behavior may face challenges from inflation and reduced household cash, though the West Asia conflict has...- Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First BankIDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loan...
- 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...
- 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...
- Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
- Assam govt tables legislation to exclude entities regulated by RBI from ambit of Assam Micro finance institution ActThe Assam government has introduced legislation to exclude entities regulated by the Reserve Bank of India (RBI) from the Assam Microfinanc...
- 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...
- Microfinance lending an election issue in Assam, Congress promises complete waiver of loan if voted to powerMicrofinance institutions (MFI) lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulatio...
- Expect micro finance to be 30% or below of overall business, by March-end: HKN Raghavan"The demonetisation effect is stabilised, it is a kind of plateau compared to last quarter to this quarter," HKN Raghavan said
- 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.
- Bhartiya Samruddhi Finance fears default, seeks RBI lifelineBhartiya Samruddhi Finance, the 2nd biggest micro lender for the poor, is headed to RBI to have its loans restructured to avoid a possible ...
- Kotak Mahindra Bank slaps legal notice on TridentKotak Mahindra Bank has slapped a legal notice on Trident Microfin for defaulting on a loan it has availed from the private sector lender.
- 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.
- Banks turn more receptive to MFIs; UBI sanctions Rs 100 crore loan to Bandhan Financial ServicesOf the Rs 30,000 crore MFIs have borrowed from the banking system till date, this is perhaps the most precious Rs 100 crore ever.
- 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...
- Andhra crisis is now hurting MFIs' national interestThe recent SKS Microfinance results show Andhra Pradesh is a severe pain point for the sector. Neither banks nor the state government is ke...
- 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...
- 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 ...
- 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...
- MFIs not to cap ratesThe microfinance industry has decided not to work towards a ceiling on interest rates.
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