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As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...- Microfinance sector back on track with higher-value loansThe microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh cr. Loan disbursements increased. Portfolio qualit...
- Microfinance shows spark but shrinks to lowest in 3 yearsThe Indian microfinance market has shrunk to ₹3.22 lakh crore, marking a significant 16% year-on-year decline and reaching a three-year low...
- Top microfinance companies speed up bad loan write-offs to balance booksIndian microfinance companies are focusing on cleaning up their balance sheets. They are writing off bad loans earlier to improve their fin...
- Fusion Finance to bet on MSMEs, expects better show in Q3The lender's assets under management (AUM) contracted 37% year-on-year to ₹7,688 crore at the end of June, from ₹12,193 crore a year ago, a...
- Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusionSpandana Sphoorty Financial is considering a rights issue, potentially with Kedaara Capital's participation, to raise Rs 750 crore and bols...
- Signs of revival: Five listed NBFC-MFIs take Rs 2,440 cr bad loans off balance sheets in Jan-MarchMicrofinance lenders in India aggressively cleared bad loans in Q4 FY25, significantly impacting profitability. This strategic move aims to...
- Fusion Finance suffers 4th consecutive quarterly loss at Rs 165 croreFusion Finance reported its fourth consecutive quarterly loss, with ₹165 crore net loss in Q4 FY25 due to high bad loan provisions. Gross N...
- Microfinance firm Fusion suffers 4th consecutive quarterly lossFusion Finance reported a net loss of Rs 165 crore for Q4 FY25, marking its fourth consecutive quarterly loss due to severe asset quality s...
- Microfin in major crisis with near-2x NPA surge; Joint-liability lending model on shaky groundIndia's microfinance sector is facing a severe crisis as delinquency rates have surged, with gross NPAs reaching 16% in FY25. This rise has...
- Bad to worse: Microfinance sector NPAs hit ₹50,000 crore at the end of December last yearNon-performing assets in the microfinance sector soared to ₹50,000 cr at the end of December, reaching a 13% ratio of gross loans. The sect...
- Fusion Finance Q1 Results: Microfinance company reports Rs 36 crore loss versus profit a year agoThe lender's credit cost, which signals the share of provisions as a percentage of on-book loan portfolio, jumped to 3.38% for the quarter ...
- Fusion MicroFinance Q4 results: Net profit up 16% to Rs 133 croreFusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy...
- Fusion MicroFinance Q3 Results: Net profit surges 23% YoY to Rs 126 croreThe net interest margin for the quarter improved to 11.54%, a good 118 basis points higher than what it was in the same quarter last fiscal...
- Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 croreNet interest income increased by about 60% at Rs 294 crore against Rs 185 crore in the year ago period. Total income rose 53.4% at Rs 553 c...
- Fusion Micro Q4 net up nearly nine-fold on business growthFusion managing director Devesh Sachdev expects the NIM to further improve to 11-11.5% once the churning of the portfolio completes with hi...
- How good are Medanta, Bikaji & Fusion Microfinance IPOs?“Fusion Microfinance has grown very well, their AUM has tripled, revenue has doubled and the net profit growth is very good. But it all has...
- MFIs reporting loan data daily to prevent defaultMFIs are moving to daily reporting of loan data to credit information cos to prevent defaults.
- Top stocks in focus on 06 February 2018Here is a list of top stocks that are likely to be in focus in today's trading session:
- More toxic loans could haunt banksJapan's economy was paralyzed for a decade as banks failed to deal with their troubled loans. That's why it's nothing short of stunning to ...
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