Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
Non-banks increase microfinance share amid muted demandThe overall microfinance gross loan portfolio stood at ₹3.34 lakh crore at the end of April, down from ₹3.39 lakh crore a month ago, said t...
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...
Select SFBs and MFI players positioned for earnings upside: Rajiv MehtaNon-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance ...
Muthoot Microfin plans to cut risk by bringing down group micro loan share to 60% by 2030, says CEO Sadaf SayeedMuthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset shar...
MFIs bounce back after 7 quarters of contraction and write-offsIndia's microfinance sector shows a strong rebound. The loan portfolio expanded significantly in the March quarter. This marks a recovery a...
Microfinance sector returns to growth after 11 quarters of contraction, loan portfolio rises 5.3%The microfinance sector has turned a corner, showing growth in the January-March period. This follows a period of contraction and write-off...
As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...
CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
Mudra to empower entrepreneurs; make them active participants in march towards Viksit Bharat: FMAs the Pradhan Mantri MUDRA Yojana celebrates its 11th anniversary, it celebrates the spirit of entrepreneurship that thrives across India....
Small finance banks make it big on micro revivalSmall finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loa...
Credit guarantee scheme unlikely to benefit lower rated MFIsA new credit guarantee scheme aims to boost lending to microfinance firms. However, banks remain cautious. They will prioritize financially...
Government unveils Rs 20000 crore credit guarantee plan for MFIsThe government has announced an ambitious Rs 20,000 crore credit guarantee scheme targeting microfinance institutions, a lifeline for those...
Microfinance in revival mode; MFIs, private banks expand business in JanuaryThe microfinance sector is consolidating after a period of stress. Private banks and NBFC-MFIs have increased their lending portfolios. Whi...
NBFC-MFIs to begin fresh lending only after expiry of moratoriumThe total estimated collective disbursements by NBFC-MFIs up to September could merely be Rs 2,884 crore, Microfinance Institutions Network...
Financial outreach grows with MFIs working as business correspondents contributing 20% of total loansRBI allowed MFIs, NGOs and other civil society organizations to work as banking intermediaries for providing financial and banking services...