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MEETING WITH MFIS
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...
- 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...
- Next Cabinet meet to discuss Ordinance to rein in MFI loan recovery methods, says Karnataka CMThe Karnataka CM announced that the next Cabinet meeting will address an ordinance to control unlawful loan recoveries by micro-finance ins...
- Government tells MFIs to reduce ratesSenior executives of microfinance institutions have been urged by the department of financial services to lower lending rates to make loans...
- MFIs must promote loan repayment digitally, focus on cybersecurity & resilient IT infra: DFS secyFinancial Services Secretary M Nagaraju encourages microfinance institutions to promote digital loan repayment and enhance cybersecurity. D...
- MFIs seek easier credit rating rules as they gasp for bank loansMicrofinance institutions with portfolios under Rs 500 crore sought relaxed credit rating rules from banks to secure loans for growth. They...
- 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...
- RBI may allow SFBs to lend to smaller microfinance institutions with loan assets below Rs 500 crRBI, which had earlier turned down a similar proposal, is now actively considering it so that the funding requirement for the sector is met...
- RBI Guv meets NBFCs, MFIs and mutual funds to discuss liquidity, lockdown issuesIn the meeting with NBFCs and MFIs, the discussion revolved around availability of liquidity from banks and other financial institutions.
- 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.
- 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.
- Banks want RBI to watch MFIsFearing a default from Andhra Pradesh-based microfinance institutions, whose cash flows have been disrupted by new laws, lenders have asked...
- Lenders’ meet may offer respite to troubled MFIsMicrofinance institutions (MFIs), which are finding the going tough following an Andhra Pradesh ordinance on curbing coercive practices by ...
- No cap on rates, but RBI won't let MFIs off the hookRBI voices concern over lending practices, but will wait for Malegam report before taking a final call.
- MFIs in Orissa under scanner, sub-committee to look into high interest issueThe Orissa government has constituted a sub-committee to study the operations of the MFIs in the state and prepare guidelines that would be...
- MFIs agrees to reduce interest rates to 24 pcMicro finance companies on Thursday agreed to reduce interest rates they charged from borrowers to 24 per cent after a meeting with financi...
- Banks shouldn't be forced to lend to MFIsBanks should not come under pressure to lend to the sector if lending is not viable.
- RBI puts microfinance players on noticeEarlier 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 ...
- Bigger capital adequacy ratio to hit cosMFIs in the country are highly leveraged since they are dependent on borrowings. They may find it difficult to bring in additional capital ...
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