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Credit guarantee scheme for MFI 2.0 gets extensionThe Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees ...- Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
- Satin Creditcare promoters to infuse Rs 100 crore, raise stakeSatin Creditcare Network's promoters will invest Rs 100 crore through convertible warrants, increasing their stake to 38.32% from 36.17%. T...
- Satin Creditcare Network raises $20 million from BlueOrchardSatin Creditcare Network has secured $20 million through dollar-denominated bonds from BlueOrchard Microfinance Fund. This private placemen...
- 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...
- Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issueUS Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell I...
- 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...
- Satin Creditcare profit jumps on lower bad loan provisionsSatin Creditcare Network reported a sharp rise in fourth-quarter profit driven by business growth, lower bad loan provisions and improved a...
- 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...
- Svatantra Microfin acquires Chaitanya India Fin; becomes 2nd largest NBFC-MFISvatantra Microfin has successfully merged with Chaitanya India Fin Credit and Svatantra Holding, solidifying its position as India's secon...
- 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...
- Asset quality stress in MFI sector expected to persist in H1 FY26: ReportAsset quality stress in the NBFC-MFI sector surged in FY2025 due to borrower overleveraging, sociopolitical disruptions, and operational ch...
- CreditAccess Grameen signs loan agreement with US International Development Finance CorporationUnder the agreement, the NBFC-MFI will borrow a $35 million ESG-linked loan for up to seven years through the external commercial borrowing...
- Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
- MFIs' assets under management likely to grow at 18-22% in FY2023: Report"The same is likely to be continued going forward, supported by healthy demand in the industry, increasing level of economic activity and i...
- RBI increases income & loan limits for NBFC-MFIIn the wake of the Andhra Pradesh micro finance crisis in 2010, a Sub-Committee of the Central Board of the Reserve Bank was constituted to...
- RBI fixes 9.45 per cent base rate for NBFC-MFIs from tomorrowIn line with falling lending rates, Reserve Bank fixed base rate or the minimum lending rate at 9.45 per cent for NBFC Micro Finance Instit...
- MUDRA Bank can be positive for microfinance sector: ICRAAs per ICRA estimates, the MFI sector, including self- help groups (SHGs) and NBFC-MFIs, had a total portfolio of Rs 780 billion as on Sept...
- 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...
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