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MFI LOAN DEFAULTS
Indian banks' credit losses in credit cards at nearly 6% - Macquarie CapitalDefault rates in credit cards and unsecured loans are rising, with losses in credit cards nearing 6%. Young millennials are reportedly defa...25 Sep, 2024, 11.11 AM IST- Covid-19, CAA protests reasons behind MFI loan defaults: Himanta Biswa SarmaTaking another giant leap forward towards fulfilment of promises made during campaigning for the 2021 State Assembly elections, Sarma on Sa...23 Sep, 2023, 09.30 PM IST
- CreditAccess Grameen gets into expansion mode“Time has come to take a position for the future,” managing director Udaya Kumar Hebbar told ET in an interview. “How long can we hold back...06 Sep, 2021, 08.16 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
- View: FM’s policy of guaranteed loans to urban poor is superior to other welfare schemesAmong proposals announced by FM Sitharaman on Monday, an important element is the credit guarantee scheme to incentivise microfinance insti...30 Jun, 2021, 10.51 AM IST
- Millions of defaults threaten microfinance's future in IndiaBorrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the financ...04 Feb, 2021, 11.03 AM IST
- Assam govt to waiving loan taken by women from micro finance institutionMFI lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulations to regulate the MFIs, opp...10 Jan, 2021, 08.07 PM IST
- MFI borrowers to benefit from ex-gratia payment of interest schemeRoughly, around Rs 300 crore will flow in as a relief to the MFI borrowers due to the order on an aggregate loan of Rs 60,000 crore, Microf...29 Oct, 2020, 05.39 PM IST
- Satin raises $30 mn in bonds from Netherland's FMOThe MFI has a portfolio of Rs 5,561 crore at the end of September, which grew 39 per cent year on year.14 Dec, 2018, 08.39 PM IST
- ADB to disburse first tranche of partial guarantee loan programmeThe NBFC-MFI industry saw 61 per cent compound annual growth rate in the past two years and the growth momentum is expected to intensify.28 Oct, 2015, 07.53 PM IST
- Lenders act tough against Sahara Utsarga, Kotalipara Development Society for irregularitesTwo applicants for small finance bank license have found themselves in trouble with their lenders acting tough against them for financial i...26 Jun, 2015, 03.48 AM IST
- Credit bureaus help Microfinance institutions bring down loan defaultsMFIs have been able to bring down the rate of loan defaults three years after an Andhra Pradesh crackdown led to a crisis in the industry.02 Dec, 2013, 05.07 AM IST
- MFIN seeks RBI's intervention to enable MFIs collect duesMicrofinance Institutions Network (MFIN) today sought RBI's intervention to enable micro lenders to collect their Rs 7,000 crore dues.10 Apr, 2012, 06.13 PM IST
- Kotak Mahindra Bank slaps legal notice on TridentKotak Mahindra Bank has slapped a legal notice on Trident Microfin for defaulting on a loan it has availed from the private sector lender.19 Oct, 2011, 11.14 PM IST
- Economic Survey: Opaque MFI contracts can lead to sort of sub-prime crisisStressing on transparency more than capping of interest rates, the pre-budget Economic Survey on Friday asked the government to take steps ...25 Feb, 2011, 03.42 PM IST
- Bengal MFIs make distress call to banksFacing a shortage of lendable resources, microfinance institutions in West Bengal have huddled together and are desperately trying to convi...24 Nov, 2010, 07.14 AM IST
- Cash strapped MFIs seek Rs 1,000 cr from banksThe Microfinance Institutions Network, a self-regulatory body of a clutch of 44 NBFC MFIs, has asked for Rs 1,000 crore in the form of busi...13 Nov, 2010, 04.36 AM IST
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