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MFI LOAN WAIVER
GNPAs to improve to decadal low in FY25; MFI loans, unsecured need to be watched: CrisilGross non-performing assets (GNPAs) for banks are forecasted to drop to a decade-low of 2.5% in FY25, says Crisil. Concerns remain over inc...
Assam govt tables legislation to exclude entities regulated by RBI from ambit of Assam Micro finance institution ActThe Assam government has introduced legislation to exclude entities regulated by the Reserve Bank of India (RBI) from the Assam Microfinanc...
Assam govt to ink MOU with microfinance institutions, says CM Himanta Biswa SarmaSarma said, “There are a section of women who were paying regularly their instalments however in anticipation that the government will waiv...
Neutral on Bandhan Bank, target price Rs 330: Motilal OswalBandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 48988.50 Crore).
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...
Opposition in Assam allege BJP govt is making U-turn on the micro finance loan waiver schemeLeader of opposition in Assam assembly Debabrata Saikia in a statement said that during election campaign BJP has promised waiver however n...
Committee on microfinance loans to suggest quantum of waiver: Himanta Biswa SarmaSarma, while talking to media persons on Thursday, said, “Waiver of loan for microfinance borrowers will be given on both principal and int...
Satya MicroCapital raises Rs 153 crore in equity from Japan's Gojo & CompanyBhubaneswar-headquartered Annapurna Finance and Kolkata-grown Janakalyan Financial Services are also looking for equity expansion, two peop...
Now, micro loan waiver talks in Assam worry MFIsCompetitive populism by offering financial benefits to the northeastern state's 27 lakh microfinance borrowers has turned out to be major p...
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...
Microfinance lending an election issue in Assam, Congress promises complete waiver of loan if voted to powerMicrofinance institutions (MFI) lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulatio...
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...
Ujjivan Financial Services logs biggest fall in 3 monthsKotak Institutional Equities downgraded Ujjivan to ‘Reduce’ from ‘Add’ earlier, but kept the target price unchanged.
Expect micro finance to be 30% or below of overall business, by March-end: HKN Raghavan"The demonetisation effect is stabilised, it is a kind of plateau compared to last quarter to this quarter," HKN Raghavan said
Investors bet on MFIs despite headwindsIFC’s investment is likely to be completed in a week’s time.
International Finance Corporation to invest Rs 135 crore in Grameen KootaIFC’s investment is likely to be completed in a week’s time, Grameen Koota Managing Director Udaya Kumar told ET.
We welcome the probe into violations of RBI guidelines by MFIs: MR Rao, MD & CEO, Bharat FinancialAndhra Pradesh situation was where the government came up with an act which prevented us from engaging the customer at the field level, sai...
Borrowers in Maharashtra, MP and UP stop repaying MFI loans on waiver rumourA recent Reserve Bank of India direction giving additional 60 days relaxation on asset classification norms to these lenders has also aggra...
RBI against loan waiver scheme by state governmentsBoth Andhra Pradesh and Telangana governments have declared loan waivers for the farmers hit by cyclone Phailin last year.
- Loan waiver may push repayment out of circulation
The microfinance sector is bracing for the impact of the Rs 60,000-crore farm waiver package announced in Budget '08.