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 ...
06 Jun, 2025, 08.44 PM IST
Microfinance industry grows 26% year-on-year to Rs 3.24 lakh crore by December endThe massive jump in their gross portfolio cemented NBFC-MFIs' dominance in the sector with 38.5% market share. Only three months back, NBFC...
24 Feb, 2023, 08.21 PM IST
NBFC-MFIs dominate microfinance market, says new reportIt said that NBFC-MFIs surpassed banks by a thin margin. Banks as a group controls 34.8% of the market, in which lenders provide micro loan...
07 Feb, 2023, 01.25 PM IST
NBFC-MFIs group overtakes banks in microfinance lendingThe portfolio size of NBFC-MFIs has grown nearly 7% quarter-on-quarter to Rs 101678 crore at the end of September, which is 37.53% of the t...
14 Dec, 2022, 06.30 AM IST
RBI removes lending rate cap on NBFC-MFIs, changes microfinance definitionWhile this move is on an expected line, RBI surprised the market by raising the annual household income level to 3 lakh for classification ...
15 Mar, 2022, 06.29 AM IST
SBI signs pact with three NBFC-MFIs for co-lending to joint liability groupsThe country's largest lender has signed the pact with Vedika Credit Capital Ltd (VCCL), Save Microfinance Pvt Ltd (SMPL) and Paisalo Digita...
29 Sep, 2021, 08.55 PM IST
Will RBI react to MFIs' distress call?Besides, about 90% of the MFIs with below investment grade ratings don’t have access to money markets to meet the liquidity gaps as suggest...
08 Apr, 2020, 12.50 AM IST
It all began with a few defaults. Then, suddenly it was full-scale microfinance mayhem in AssamLenders are now reacting the typical way — slowing down loan disbursement in the pockets of trouble.
12 Feb, 2020, 01.53 PM IST
Microfinance reaching less than 20% of potential household: Equifax’s Manu SehgalReaching to last mile borrowers is going to be the key to NBFC-MFIs future growth, holds Manu Sehgal, Business Development Leader, Equifax.
18 Sep, 2019, 11.09 AM IST
MFIs' resources mobilisation through securitisation up 170% in FY19Investors were also buying retail loan portfolios from MFIs instead of direct on-balance sheet credit exposure.
15 Apr, 2019, 08.32 PM IST
MFIs kick off common securtisation plan with Rs 79 crore dealThe size of the deal was Rs 79 crore with 11 NBFC-MFIs participating in it, of which six participated in a securitisation transaction for t...
16 Jan, 2019, 04.48 PM IST
MFIs seek funding support from banks, SidbiWhile bigger and well managed NBFC-MFIs are still managing to receive funds, though at a higher cost, the smaller ones are shunned because ...
30 Oct, 2018, 09.02 PM IST
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...
06 Mar, 2015, 02.33 PM IST
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...
26 Nov, 2013, 09.51 PM IST
- 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...
30 Apr, 2013, 07.32 PM IST
- RBI notifies separate NBFC category for MFIs
RBI approved creation of a separate category of non-banking financial companies for the MFI sector and specified that such institutions nee...
02 Dec, 2011, 09.18 PM IST
- Creation of low-income micro-lending NBFC cleared
The Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.
26 Oct, 2011, 06.02 AM IST