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MFI RULES
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...- Economic Survey calls for tighter credit practices at microfinance institutionsThe Economic Survey also noted that while private equity and venture capital funding has fuelled the expansion of the microfinance sector, ...
- Sectoral dynamics to help microfinance scrips: 5 stocks with up to 26% upside potentialAn improvement in economic activity, rising credit demand, diversification of loan mix and attractive valuations are likely to drive the pe...
- RBI’s new guidelines to make microfinance strongerUnlike the earlier definition that distinguished between rural and urban, RBI has now set a common household limit of Rs 300,000 for loans ...
- Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
- RBI aims to tackle microloan burden with new MFI rulesThis repayment threshold is part of a slew of proposals to revamp the regulations on microfinance, which are crucial to bringing the bottom...
- Bharat Financial evaluating all options for stake-sale, says Managing Director MR RaoManaging Director M R Rao told ET that consultant is evaluating all options including share-swap or all-cash deal.
- 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...
- SKS plans to resume lending operations in Andhra Pradesh soonSKS Microfinance plans to resume lending operations in AP soon, two years after the state government came out with a stringent laws to regu...
- MFIs want new RBI guidelines implemented in phasesMicrofinance companies have asked the RBI for 2 yrs' time to bring down cost & operate with a thinner 10% margin cap to comply with the new...
- SKS Microfinance barred from doing business in Andhra Pradesh's Mahabubnagar DistrictAP govt has cancelled the registration of SKS Microfinance to conduct business in Mahabubnagar District in the state for not following rule...
- 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.
- Private equity open taps for microfin againEquity deals worth $62 mn took place in the last 3-4 mths as investors are lured by the growth prospect of the MFI business
- MFIs team up to bundle micro loans to raise Rs 52 crIn a first of its kind, seven microfinance lenders have come together to raise Rs 52 crore by bundling thousands of micro loans.
- Andhra crisis is now hurting MFIs' national interestThe recent SKS Microfinance results show Andhra Pradesh is a severe pain point for the sector. Neither banks nor the state government is ke...
- Micro-lender banks on gold loans to surviveSKS shares surged 10% to touch Rs 298.6, after falling for more than a week amid broking firms’ reports on poor earnings.
- MFIs outside AP to benefit from new rulesMFIs will find it easier to obtain bank loans if they cap their interest to borrowers at 26%.The overall size of the industry is about Rs 2...
- MFIs get minor reprieve as RBI opens fund tapThe Reserve Bank of India has given a small reprieve to bank lending to the troubled microfinance institutions, though temporarily . This m...
- Microfinance Crisis: MFIs with sizeable presence in Andhra Pradesh on the brink of closureIf that's the plight of India's second largest MFI, Spandana, half of whose portfolio is locked in Andhra, how are smaller MFIs with an equ...
- MFIs yes, coercion noMFIs are a great improvement on moneylenders charging 60% and using force to seize assets
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