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WEST BENGAL 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...- 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 ...
- Himanta 2.0: How Assam’s strongest BJP leader tightened his grip on powerEntering his second term as Chief Minister of Assam, Himanta Biswa Sarma exemplifies a fusion of regional identity and national aspirations...
- Arohan Financial plans to file for IPO within a monthMicrofinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary iss...
- Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPOArohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With be...
- MFI body seeks greater penetration of credit flow for growthMicrofinance institutions in West Bengal need more credit to reach the bottom of the pyramid. Currently, only one-third of the target segme...
- West Bengal: Borrower suicide brings back focus on coercive recovery practices, ills of multiple lendingThe incident has also brought back the focus on the perils of multiple lending as the couple had taken loans from several lenders. Rekha Ma...
- Inditrade Microfin may merge with Janakalyan FinanceInditrade Microfinance has a loan book of around ₹350 crore, with about three-fourths of it coming from Karnataka, Kerala and Tamil Nadu. J...
- NPAs to reduce in Q4, industry loss to be restricted to 5-6% of total microfinance loans, says Bandhan Bank MD Chandra Shekhar GhoshIn an exclusive interview with ET’s Atmadip Ray, Ghosh said that with improving loan recovery, the bank’s profitability would increase beca...
- More pain for microfinance: Sticky loans beyond 180 days swell to Rs 24,500 croreThree months ago, the aggregate size of sticky loans was estimated at Rs 20,000 crore or about 8% of the microfinance book.
- Microfinance industry stands its ground with flat Y-o-Y growth: ReportThe industry disbursed loans worth Rs 25,808 crore during April-June 2021 quarter registering a Y-o-Y growth of 300% by value and 209% by v...
- Bandhan stock may get an upgrade as poll dust settles in Bengal, AssamBandhan Bank was under pressure on concerns around asset quality due to the waiver promises in Assam and polls in the two states.
- Despite bright spots, uncertainty looms over microfinance businessNear-term business prospects across states are, however, more clouded with the outburst of Covid-19 cases over the past couple of weeks. In...
- Acute stress building up in microfinance portfolios in WB, Maha, PunjabThe department of financial services (DFS) has recently called upon the two microfinance industry organisations - Sa-Dhan and Microfinance ...
- 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...
- East India leads with 40% microfinance businessThese four states account for about 40 per cent of the total MFI loan book.
- 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...
- MFIs' Gross Loan Portfolio grows 30% to Rs 22,138 crore in Q2The total loan disbursals increased by 50 per cent to Rs 7,661 crore during the second quarter of the current fiscal.
- SKS to raise Rs 500 crore through QIP route this fiscalSKS Microfinance, the only listed micro lender, today said it would raise Rs 500 crore through QIP route in the current fiscal.
- Wait and watch SKS Microfinance: Gaurang Shah, Geojit BNP Paribas Financial ServicesInterest rates, if they are squeezed for microfinance business, then the margin gets affected.
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