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MICROFINANCE CAP RULE
Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...- Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
- New microfinance guardrails from June 1 while Tamil Nadu plans to regulate recovery operationsSa-Dhan has tightened microfinance regulations amid rising asset quality concerns, particularly with potential disruptions in Tamil Nadu du...
- 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...
- Tightening microfinance loan norms to defuse risk for overleveraged borrowers: S&P Global RatingsStricter regulations and underwriting standards in the Indian microfinance sector are expected to slow down growth for lenders while reduci...
- RBI's microfinance move: Tightening the reins while easing the credit squeezeRBI has relaxed risk weights in banks' microfinance lending, indicating confidence in the effectiveness of earlier restrictions. With non-p...
- Amid surge in MFI defaults, small borrowers binge on debtThe number of borrowers taking loans from three or more lenders was 11 million, or 13% of the total microfinance borrower base of 85 millio...
- 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...
- Make microlending reg activity-basedMicrofinance lending is experiencing stress due to regulatory changes aimed at curbing over-lending. Relaxed rules in 2022 fueled a surge i...
- RBI removes lending rate cap on NBFC-MFIs, changes microfinance definitionWhile this move is on an expected line, RBI surprised the market by raising the annual household income level to 3 lakh for classification ...
- Mostly Welcome Microfinance NormsThe RBI paper now seeks to streamline and update microfinance regulation across all regulated entities, which makes perfect sense. The rate...
- RBI proposes to cap borrowers' repayment outgo, scrap lending rate ceiling in uniform microfinance regulationsThe Reserve Bank of India has suggested capping the total repayment outflow from a household to half of the annual income of the economical...
- MFIN insists all micro lenders to sign common microfinance codeMACC has been in vogue for over a year while it could not be implemented since several banks and small finance banks are not signatories to...
- More MFIs to lower rates as borrowing cost fallsPricing of micro loans is linked to cost of fund as RBI capped the margin for to non-banking finance company-microfinance institutions at 1...
- MFIs urge RBI to revisit margin capMFIN has asked the RBI to keep the rates capped at 12 per cent, or bring it down to 10 per cent in a phased manner over the next two years.
- 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...
- Changes in draft Microfinance Institutions Bill shocks the microfinance sectorA last-minute change in the bill to govern microfinance institutions has sent banks and the industry into a tizzy.
- SKS Microfinance seen struggling short-term; stock up 9%Lender-to-the-poor SKS Microfinance, whose shares have taken a beating on a gloomy sector outlook, expects fresh difficulties in coming qua...
- Malegam report unlikely to end MFIs' woes in APMalegam may have submitted the report on microfinance regulations, but their agony won't just end, thanks to the Andhra Pradesh government ...
- SKS rules out reduction of interest ratesSKS Microfinance Private Limited on Wednesday categorically ruled out reduction of interest rate on the loans it provides to rural poor, as...
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