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MICROFINANCE BUSINESS RECOVERY
Difficult time for microfinance business behind us, Q2 to see growth, says IndusInd Bank MDIndusInd Bank expects its microfinance business to grow 15-20% in FY27, with CEO Rajiv Anand saying its difficult phase is now behind it. T...- Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha KhemkaIndia’s NBFC sector is showing signs of a broad-based cyclical recovery, with FY27 first-quarter results pointing to stronger loan growth, ...
- ETMarkets Smart Talk | Financialisation of savings could be India's biggest wealth creator over the next decade: Prashasta SethIn an interaction with Kshitij Anand of ETMarkets for Smart Talk series, Seth explains why the steady shift from physical assets to financi...
- Private banks write off nearly half of NPAs in FY26, outpace PSBsPrivate banks significantly reduced bad loans by writing off nearly half of their exposure. This cleansing effort primarily targeted unsecu...
- Buy, Sell or Hold: Motilal Oswal recommends buy on CreditAccess Grameen; Nuvama maintains buy on APL ApolloBrokerages are optimistic about select Indian stocks despite sector-specific challenges. Nuvama maintains a 'Buy' on APL Apollo Tubes, expe...
- 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...
- Kotak Mahindra Bank revamps microfinance play, cuts JLG exposure amid cyclical stressKotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on indiv...
- RBI may frame rules to curb mis-selling by banks: Dy guv M Rajeshwar RaoSpeaking at an event on financial inclusion, Rao raised concerns about the persistent challenges the microfinance sector faces, including a...
- RBI deputy flags concerns in microfinance sector, urges reformsReserve Bank of India Deputy Governor, M. Rajeshwar Rao, addressed concerns about the microfinance sector. He highlighted issues such as hi...
- MFIs in Karnataka may face fresh recovery challengesThe Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan rec...
- Attractive valuation makes Bandhan Bank stock a “buy” for CLSAThe rating upgrade buoyed the sentiment for the stock, as it rose over 4% to Rs 233.90 on the National Stock Exchange (NSE). CLSA’s 1-year ...
- Bandhan's asset quality on the mend, profitability next: MDHe said that with improving loan recovery, the bank's profitability would increase due to write-backs on provisions. The bank is also back ...
- NPAs to reduce in Q4, industry loss to be restricted to 5-6% of total microfinance loans, says Bandhan Bank MD Chandra Shekhar GhoshIn an exclusive interview with ET’s Atmadip Ray, Ghosh said that with improving loan recovery, the bank’s profitability would increase beca...
- Microfinance captains expect a turnaround during festive season"We are expecting recovery around the Durga Puja season. This is the time when business grows. But if the third wave comes, the recovery ma...
- Assam to discuss microfinance future with industry leadersThe new government has already set the ball rolling to fulfil its election promise of waiving microfinance loans. A committee has been form...
- Ujjivan Small Finance Bank's micro loan collection in Assam suffers following loan waiver promiseMicro loan waiver is turning out to be a major political ploy in the northeastern state, derailing the repayment culture for the state's Rs...
- Microfinance sector needs urgent policy attentionThe real threat to microfinance is from politicians who instigate loan defaults, promising an inevitable waiver.
- 3 MFIs Spandana Spoorthy, Share Microfin and Asmitha Microfin plan merger to create biggest lender, surpass SKS MicrofinanceSpandana Spoorthy Financial Services, Share Microfin and Asmitha Microfin plan to merge their businesses to create the largest lender to sm...
- SKS rises 20% after law empowering RBI to regulate micro finanace sector proposedAnalysts say the main problem with the entire microfinance sector was the Andhra Pradesh MFI Act, the state which accounts for more than ha...
- Run MFIs with more than just a little bit of altruismThings have certainly moved rapidly for this industry - from being hailed as harbinger of a social change around two or three years to havi...
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