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 ...
29 May, 2026, 12.47 AM IST
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...
28 May, 2026, 09.29 PM IST
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...
22 Mar, 2026, 08.02 PM IST
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...
21 Mar, 2026, 01.11 AM IST
Borrowing cost for MFIs set to rise by 200-400 bpsStress in the bottom of the social segment still remains high with about 5% borrowers whose businesses were dependent on the tourism and ed...
09 Feb, 2022, 09.17 PM IST
MFI body Sa-Dhan writes to FM seeking Rs 7,500 crores towards Credit Guarantee Scheme“We would like to take this opportunity to request you to approve an additional amount of Rs 7500 crores for the Credit Guarantee Scheme fo...
05 Oct, 2021, 03.44 PM 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
Lenders force small and medium-sized micro-financiers to park fixed deposits with themThe government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit G...
31 Aug, 2021, 11.56 PM IST
RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutionsIn his opening remarks, the Governor recognised the important role of NBFC-MFIs in making credit accessible at the grassroots level. He als...
03 May, 2021, 09.19 PM IST
Sa-Dhan seeks government support for its membersIn a letter to finance minister Nirmala Sitharaman, Sa-Dhan has suggested extension of the government's partial credit guarantee scheme for...
29 Apr, 2021, 01.59 PM IST
NABARD sanctions Rs 1,050 crore credit support to West BengalThe credit support under special liquidity facility will be extended to state cooperative banks, regional rural banks and micro-finance ins...
29 May, 2020, 04.10 PM IST
Banks denying loans to MFIs, even for amounts sanctionedWhile the denial of liquidity support from banks has already made life difficult for the MFIs, the refusal of even sanctioned loans is furt...
06 May, 2020, 12.37 AM IST
Microfinance companies plan to create common pool of assets for securitisationSecuritisation is a process of pooling loan receivables and selling their related cash flows to third party investors as securities.
03 Nov, 2018, 04.29 PM IST
MFIs plan to create common pool of assets for securtisationThe common pool, essentially by smaller MFIs, is aimed at creating economies of scale and making it easier for banks to buy it.
02 Nov, 2018, 10.18 PM IST
MFIs to be hit if cash situation does not improve: India RatingsThis would be a positive development for MFIs as well as their borrowers when their credit history improves.
17 Nov, 2016, 05.46 PM IST
- MFIs hope for better time ahead on regulatory clarity
After reeling under a credit scarce situation and regulatory dilemma, the domestic microfinance industry is hopeful of steady progress.
25 Dec, 2011, 12.14 PM IST
- 30 commit suicide in 45 days to escape microfinance agents
About 30 persons have committed suicide in the last 45 days, apparently due to the coercive methods of Micro-Finance Institutions in Andhra...
15 Oct, 2010, 09.17 PM IST