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MICROFINANCIER
Microfinancier Spandana Sphoorty faces slow recovery amid CEO exit, high employee turnoverSpandana Sphoorty Financial faces a challenging recovery due to leadership changes and high employee turnover, impacting operational effici...- Liquidity abundant, but regulatory curbs holding back NBFC growth ambitions: Shweta DaptardarGoing forward the larger, the bigger picture is while the liquidity has been strong in the system, and we are in a downward interest rate r...
- Ind-Ra downgrades FY26 outlook for microfin companiesThe sector-specific headwinds are expected to inflate operational and credit costs for microfinanciers in the medium term, Ind-Ra said. The...
- Microfinance sector to stabilise by Q4 amidst current challenges & new regulationsThe microfinance sector is expected to stabilize by the end of the third quarter, with improvements anticipated from the fourth quarter onw...
- Bandhan Bank tanks over 6% after CEO Ghosh steps downBrokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service b...
- Bandhan Bank Q2 Results: Profit zooms 245% YoY to Rs 721 croreIn the quarter under review, the lender made a provision of Rs 636 crore, which was 50% less than what it had provided for in the year-ago ...
- With technology, Vitto wants to offer smarter solutions for microfinanceA large section of India’s population continues to face a huge credit crunch and most micro borrowers end up taking credit from informal se...
- Ujjivan entering gold loan segment shortly; to offer auto loans to all customersLike other small finance banks, currently, as much as 70 per cent of Ujjivan's assets are unsecured/without collaterals, and a vast majorit...
- Data gap on climate change a hindrance to global policy making: Shaktikanta DasThe new phase of G-20 Data Gaps Initiative (DGI) proposes climate change as a major focus area to address data gaps that have been identifi...
- MFIs may close FY22 with 12-15 pc loan growth as delinquencies fall: ReportThe second wave of the pandemic impacted the business volume of microfinanciers during the first half due to poor collections and the resul...
- Lenders force small and medium-sized micro-financiers to park fixed deposits with themThe government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit G...
- Assam cabinet proposes to come up with a new act for microfinance institutionsAssam industry minister, Chandra Mohan Patowary after the cabinet meeting said, “New Act proposal for micro-financial institutions in line ...
- Farm incomes help beat EMI blues in rural IndiaA good harvest as well as the possibility of a faster economic recovery in rural India, much of which has remained free of Covid-19, are gi...
- CreditAccess Grameen Q2 profit up 37% at Rs 101 croreNet interest income rose by 26.3 per cent to Rs 251 crore in the reported quarter from Rs 198.8 crore.
- MFIs ready to halve Andhra Pradesh loan ratesCash-strapped micro-lenders in Andhra Pradesh are toying with the idea of recasting distressed loans by almost halving interest to 15%.
- Microfinance institutions want to recast Andhra Pradesh loans, ready to halve rates to 15%It was alleged earlier that microfinanciers were charging exorbitant rates of over 30 per cent, before the crisis started in AP last Octobe...
- Microfinancier SKS shares plunge on law approvalShares in India's largest lender to the poor, SKS Microfinance, fell more than 4.5 percent in morning trade Wednesday after a state legisla...
- Microfinance pioneer Yunus criticises Indian lendersBangladeshi microfinance pioneer Muhammad Yunus on Sunday attacked companies for "misusing and abusing" his original concept of helping poo...
- Gurumani fired due to interpersonal issues: SKS chief AkulaSKS chief Vikram Akula said that CEO termination was not due to financial irregularities. He said that SKS will work closely with SEBI, RBI...
- Oriental Insurance posts 75% jump in FY07 netOriental Insurance net at Rs 497.27 crore for FY07 from Rs 283.91 crore a year-ago.
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