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MFIN extends deadline for adhering to maximum three-lenders per borrower rule by three monthsMFIN has extended the deadline for the three-lenders per borrower rule to the end of March 2025. The rule aims to reduce borrower indebtedn...- Microfinance sector tightens lending norms to address asset quality stressThe Microfinance Institutions Network (MFIN) is tightening lending norms for its members to address rising bad loans. These changes include...
- MFIN tightens underwriting guidelines for lenders amid over-indebtedness concernsMFIN has tightened loan underwriting guidelines to address borrower over-indebtedness. Uniform treatment measures will help lenders with a ...
- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' chargesThe industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and...
- NBFC-MFIs largest provider of microfinance: ReportAccording to the report, the MFI sector has immense growth potential with the market size estimated by MFIN to be around Rs 13 lakh crore d...
- Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFINDuring the last fiscal, the total outstanding of the MFI sector was Rs 2.7 lakh crore, and the sector had created around 1.32 crore jobs in...
- Sidbi likely to revamp microfinance equity fund schemeThe Microfinance Institutions Network (MFIN) is in talks with Sidbi to revamp the fund, MFIN chief executive Alok Misra said.Misra said tha...
- MFIN issues post moratorium guidelines for membersMFIN said the detailed advisory is a reiteration of points covered in Industry Code of Conduct and Code of Responsible Lending such as fair...
- Manoj Kumar Nambiar re-elected as MFIN chairpersonHe is currently with the Aavishkaar Group as the managing director of Arohan Financial Services Ltd. He joined MFIN board in 2013 and was a...
- Former RBI deputy governor appointed as chairman of MFI panelMembers of the steering committee include Harsh Shrivastava of MFIN, P Satish of Sa-Dhan, Srinivas Bonam of IndusInd Bank and Sonia Krishna...
- MFIN elects R Baskar Babu as new presidentBaskar Babu replaced previous president Manoj Nambia, managing director of Arohan Financial Services.
- MFIN plans more checks and balances to ward off any possible dangerAccording to initial estimates by MFIN, the sector has seen about 60% growth this fiscal, almost similar to what it had witnessed the fisca...
- MFIN elects MK Nambiar of Arohan Financial Services as presidentMFIN elected Nambiar for the position, replacing Ujjivan Financial Services chief executive officer and managing director Samit Ghosh.
- RBI accords self regulatory organisation status to MFINRBI has recognised Micro Finance Institutions Network, the industry association for the micro-finance industry, as a self regulatory organi...
- MFIN to seek RBI nod to become 'self-regulatory organisation' by month-endMFIN, the umbrella body of micro-finance companies, will be seeking the RBI's approval to become a self- regulatory organisation by month e...
- MFIN welcomes RBI's guidelines for microfinance industryRBI norms for self-regulatory organisations of NBFCs engaged in micro-finance would aid the process of improved governance.
- NBFC-MFIs are distinct: MFIN"As institutions that primarily provide micro-credit to low income households, MFIs have a well defined role in the formal RBI regulated fi...
- MFIN seeks RBI's intervention to enable MFIs collect duesMicrofinance Institutions Network (MFIN) today sought RBI's intervention to enable micro lenders to collect their Rs 7,000 crore dues.
- Icra places Mannapuram debt instruments onwatchIcra has placed on watch with developing implications -debt instruments raised by MFIN; follows RBI's observations with respect to acceptan...
- MFIN forms panel to probe MFIsA statement on Thursday by MFIN, an association of for-profit microlenders, said that based on the study's findings, disciplinary action co...
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