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RBI DECISION ON MICROFINANCE
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
PSU bank stocks fall up to 3%. How RBI’s ECL directions can impact lendersPSU bank stocks fell up to 3% on Tuesday after RBI confirmed the rollout of the Expected Credit Loss (ECL) framework from April 2027, trigg...
Stay calm, stay invested, says Dipan Mehta; prefers PSU banks & NBFCs among financialsAmidst global market jitters, Elixir Equities' Dipan Mehta advises investors to exercise patience, resisting drastic portfolio changes. He ...
Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
SFIO summons former top executives of IndusInd Bank in accounting probeThe Serious Fraud Investigation Office is investigating IndusInd Bank's accounting irregularities. Key former executives have been summoned...
RBI allows IndusInd CEO one year extension instead of usual threeThe Reserve Bank of India has approved a one-year extension for Sumant Kathpalia as CEO of IndusInd Bank, extending his term until March 23...
NBFCs surge post RBI relief, brokerage outlooks improveThe brokerage described RBI's decision to ease bank lending to finance companies as 'Dene Wala Jab Bhi Deta...Deta Chappar Phaad Ke" (God g...
RBI's microfinance move: Tightening the reins while easing the credit squeezeRBI has relaxed risk weights in banks' microfinance lending, indicating confidence in the effectiveness of earlier restrictions. With non-p...
RBI lowers risk weight on bank finance to NBFC, microfinance loansThe Reserve Bank of India partially reverses tighter rules for small borrower and non-bank lender loans, reducing risk weights for consumer...
RBI may act against more NBFCs to check obscure lending practices: Morgan StanleyThe Reserve Bank of India has ordered four Non-Banking Financial Companies, including two microfinance institutions, to stop new loan appro...
RBI asks banks, NBFCs to share key facts on loans with all retail, MSME borrowersThe Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key f...
SKS Microfinance shares surge nearly 9%SKS Microfinance stocks surged 8.61 per cent to Rs 513.95 on the BSE. During the day, it climbed 9.55 per cent to Rs 518.40 -- its 52-week ...
RBI accords self regulatory organisation status to MFINRBI has recognised Micro Finance Institutions Network, the industry association for the micro-finance industry, as a self regulatory organi...
SKS Microfinance sees no impact of interest rate cap removal by RBIRBI decision to remove the 26% interest rate cap on loans given by micro-finance cos regulated by it is unlikely to significantly impact SK...
RBI removes 26% interest rate cap on MFI loansReserve Bank of India has removed the 26% interest rate cap on loans given by microfinance institutions regulated by it.
- RBI interference in banks' pricing decisions would be highly retrograde
According to the Bank’s Dy Governor, KC Chakrabarty, the Bank will soon issue new guidelines on how banks are to price their products.
MFIs urge RBI to revisit margin capMFIN has asked the RBI to keep the rates capped at 12 per cent, or bring it down to 10 per cent in a phased manner over the next two years.
- Govt to review fund-raising plans of MFIs
The government does not appear to be too keen on unbridled growth of microfinance institutions (MFIs) and wants a review of the fund-raisin...
- Don't club us with MFIs, NBFCs to tell Malegam panel
The Finance Industry Development Council has sought a meeting with the Malegam Committee to move the point that NBFCs are different from mi...
- RBI puts microfinance players on notice
Earlier this year, the RBI had told banks to make sure that loans they advance to MFIs are on-lent at rates prescribed by the Reserve Bank ...