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...
31 Mar, 2025, 12.44 AM IST
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...
30 Mar, 2025, 12.24 PM IST
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...
27 Feb, 2025, 11.02 PM IST
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...
10 Jan, 2025, 06.44 PM IST
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...
02 Jan, 2025, 04.57 PM IST
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...
20 Nov, 2024, 11.04 PM IST
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 ...
15 Mar, 2022, 06.29 AM IST
Mostly Welcome Microfinance NormsThe RBI paper now seeks to streamline and update microfinance regulation across all regulated entities, which makes perfect sense. The rate...
23 Jun, 2021, 11.55 PM IST
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...
14 Jun, 2021, 10.25 PM IST
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...
01 Nov, 2018, 09.54 PM IST
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...
12 Apr, 2018, 07.55 PM IST
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.
22 Nov, 2012, 07.43 AM IST
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...
12 Sep, 2012, 06.46 PM IST
- Changes in draft Microfinance Institutions Bill shocks the microfinance sector
A last-minute change in the bill to govern microfinance institutions has sent banks and the industry into a tizzy.
26 May, 2012, 03.11 AM IST
- 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...
11 May, 2011, 11.20 AM IST
- Malegam report unlikely to end MFIs' woes in AP
Malegam may have submitted the report on microfinance regulations, but their agony won't just end, thanks to the Andhra Pradesh government ...
21 Jan, 2011, 07.34 AM IST
- SKS rules out reduction of interest rates
SKS Microfinance Private Limited on Wednesday categorically ruled out reduction of interest rate on the loans it provides to rural poor, as...
09 May, 2007, 07.20 PM IST