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TAMIL NADU MICROFINANCE
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-EquifaxCredit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset qualit...- Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...
- Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
- Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsIf the US-Iran ceasefire holds, the markets may see some recovery. The movement of crude oil prices and its impact on the markets supports ...
- For risk-takers with long-term perspective: 10 small-cap stocks from different sectors with upside potential of up to 31%If you buy small-cap stocks today, are you taking a risk or managing it? To some it might appear you are taking a risk, but there is a high...
- 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...
- Bad Memories of Another Day for Lenders as Bihar Moves to Regulate MicroloansBihar's new microfinance law could stall the sector's rebound. The state assembly passed a bill regulating money lending, a move that may p...
- Bihar microfinance bill may spoil the sector's recoveryBihar's new microfinance law could disrupt the sector's recovery. The bill limits borrowers to two lenders, a change from the industry norm...
- TN, Karnataka ordinances to hinder microfinance institutions' recovery; poll-bound Bihar under watch: CrisilCrisil Ratings anticipates that Indian microlenders will likely remain unprofitable until the fiscal year's end, citing challenges from sta...
- Rise in long term delinquencies show persistent repayment challenges in microfinanceA recent CRIF High Mark report reveals a mixed bag for India's microfinance sector. While early-stage delinquencies have slightly improved,...
- Microfinance recovery at least 2 quarters away; Q4 going to be tough for NBFCs, MFIs: Shweta DaptardarElara Capital's Shweta Daptardar indicates the microfinance sector still faces challenges, with recovery expected to take at least two more...
- New microfinance guardrails from June 1 while Tamil Nadu plans to regulate recovery operationsSa-Dhan has tightened microfinance regulations amid rising asset quality concerns, particularly with potential disruptions in Tamil Nadu du...
- Microfinance industry body wants members to explore underserved marketIndia's microfinance sector is highly concentrated, with the top 10 states representing 85% of the market, leaving many districts and villa...
- Bihar overtakes Tamil Nadu to become biggest MFI market in IndiaThe report by Crif High Mark has put the overall Microfinance (MFI) borrowings in Bihar at Rs 48,900 crore as of March, which represents 14...
- Microfinance industry recovered faster post second wave of Covid: StudyMicrofinance Industry disbursed loans worth Rs 66,681 crore during July-Sept 2021 quarter registering a robust Y-o-Y growth of 96% by value...
- West Bengal regains spot as the largest state in terms of microfinance loan outstandingThe sector catered to 5.83 crore unique borrowers, through 10.50 crore loan accounts. The overall microfinance industry had a total loan po...
- Top 10 states have 83% penetration of outstanding loan portfolio: Equifax-SIDBIThe report, while noting that 40% of NBFC-MFIs have the highest number of unique live customers, adds that average ticket size per loan has...
- Inditrade Capital to buy 80% stake in Varam Capital for Rs 40 croreThe deal will include direct purchase of stake as well as fresh infusion of capital, the person familiar with the matter said.
- IDFC Bank snaps up Tamil Nadu based MFI Grama VidiyalThe bank said the three-decade old Trichy-based Grama Vidiyal will be its wholly-owned subsidiary and will act as a dedicated business corr...
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