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MICROFINANCE BORROWER RESTRICTIONS
Regional curbs dampen microfin revival in South India as biz looks upTamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 cr at the end of March, whi...- Top gold loan companies expand bullion holdings to record levels in FY26India's top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amo...
- Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
- El Nino impact: Which stocks will burn & which will fire up as market braces for heat waveIndia faces a strong El Niño, threatening below-normal rainfall and impacting agriculture. While rural-linked sectors like two-wheelers and...
- Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
- Sa-Dhan backs continued microfinance guardrails, suggests RBI steering panelSa-Dhan, a microfinance self-regulator, recommends maintaining lending guardrails for bottom-of-the-pyramid customers. These rules aim to p...
- Microfinance lenders now give bigger loans to existing borrowersIndia's microfinance sector is seeing a significant shift. Lenders are now offering larger loans to existing customers with good repayment ...
- At bottom of the pyramid, 21 million small borrowers have dropped outTwenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance cri...
- Three-lender cap rule for microfinance from April 1, further stress likely in short termFrom April 1, microfinance lenders are set to cap borrowers' access to a maximum of three lenders, aiming to prevent overleveraging. This r...
- MFIN extends deadline for adhering to maximum three-lenders per borrower rule by three monthsMFIN has extended the deadline for the three-lenders per borrower rule to the end of March 2025. The rule aims to reduce borrower indebtedn...
- Stress in microfinance sector doubles in April to September 2024: RBIAsset quality stress in the microfinance sector doubled from April to September 2024, with loans overdue increasing from 2.15% to 4.30%. Bo...
- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' chargesThe industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and...
- 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...
- Cash-based microfinance industry struck with dilemmaCompanies have also stopped loan disbursement in physical cash, creating gaps in borrowers’ daily cash credit requirements.
- MFIs must be responsible lenders: RangarajanThe regulatory framework for the MFI sector, he said should prescribe a reasonable limit on interest rates and restrict multiple borrowing.
- RBI, Andhra Pradesh government in a spat over microfinance billRBI has challenged AP's right to regulate microfinance firms registered with it as NBFCs, drawing a sharp retort from the state government.
- MFIs hope for better time ahead on regulatory clarityAfter reeling under a credit scarce situation and regulatory dilemma, the domestic microfinance industry is hopeful of steady progress.
- Microfinance industry going all out to regain lost glory with women powerThe fairer sex is increasingly occupying the rank and file of recovery agents of lenders to the poor as the industry attempts to restore it...
- Microfinance institutions use women cluster loans to raise capitalLenders strike over a dozen securitisation deals linked to women borrowers in two months
- Fears of regulatory checks drag SKS Micro downBrokers are advising clients against buying shares of SKS Microfinance till there is clarity on microfinance regulations.
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