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MICROFINANCE GUARDRAILS
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 ...
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...
MFIs bounce back after 7 quarters of contraction and write-offsIndia's microfinance sector shows a strong rebound. The loan portfolio expanded significantly in the March quarter. This marks a recovery a...
Microfinance sector returns to growth after 11 quarters of contraction, loan portfolio rises 5.3%The microfinance sector has turned a corner, showing growth in the January-March period. This follows a period of contraction and write-off...
Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First BankIDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loan...
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 sector back on track with higher-value loansThe microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh cr. Loan disbursements increased. Portfolio qualit...
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...
RBI asks microlenders to monitor stress build-upThe Reserve Bank of India has urged microfinance institutions to monitor stress build-up on their books, noting lower disbursements in sout...
Overleveraged borrowers in microfinance down by halfThe microfinance arena is experiencing a noteworthy transformation, as the strain of overleveraged borrowers lessens significantly. Current...
Overleveraged borrowers in microfinance down by a halfThe microfinance sector is prioritizing asset quality stabilization and cautious credit expansion, implementing guardrails like limiting le...
Worst over for MFIs, funding support crucial: SROThe worst appears to be over for microfinance institutions, though adequate funding support remains crucial for the sector. While asset qua...
Q1 disbursement dip seen as temporary; Q2 growth expected with new loans : Sadaf Sayeed, Muthoot MicrofinMuthoot Microfin CEO Sadaf Sayeed reports positive impacts from MFIN's guardrails, reducing multiple loan borrowers from 20% to 8%. Muthoot...
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...
Microfinance sector contracts below Rs 4 lakh crore amid loan disbursal woesThe microfinance sector in India has seen a decline from Rs 4.43 lakh crore in March 2024 to Rs 3.93 lakh crore by November due to slowing ...
Microfinance sector tightens lending norms to address asset quality stressThe Microfinance Institutions Network (MFIN) is tightening lending norms for its members to address rising bad loans. These changes include...
Microfinance sector to stabilise by Q4 amidst current challenges & new regulationsThe microfinance sector is expected to stabilize by the end of the third quarter, with improvements anticipated from the fourth quarter onw...
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...