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...
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...
RBI lowers qualifying asset criteria for NBFC-MFIs to 60% from 75%The Reserve Bank of India has reduced the minimum qualifying microfinance assets for NBFC-MFIs from 75% to 60%, allowing them to diversify ...
Microfinance institutions face debt funding squeezeThe pure-play microfinance lenders categorized as NBFC-MFIs saw nearly 12% less debt funding in the first quarter, according to MFIN data. ...
NBFC-MFIs largest provider of micro-credit: ReportNBFC-MFIs and scheduled banks dominate micro-credit disbursal in India, with NBFC-MFIs leading. The gross loan portfolio for micro-credit r...
NBFC-MFIs' loan disbursement drops 96 pc to Rs 570 cr in June quarterThe data pertains to NBFC-MFI members of MFIN, a self-regulatory organisation and industry association of the microfinance sector in the co...
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...
RBI sets NBFC-MFIs' average base rate at 9.21% for April-JuneThe regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.
Industry groups to be self regulatory bodies for NBFC-MFIs: RBIRBI decided to accord recognition to industry associations as self regulatory organisations of non-banking financial companies that are eng...