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MICROFINANCE GUIDELINES
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...
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
IndusInd Bank Q4 Results: Lender reports profit of Rs 533 cr vs loss year ago; declares Rs 1.5/share final dividendIndusInd Bank Q4 Results: IndusInd Bank has announced a significant turnaround, posting a standalone net profit of Rs 533 crore in the four...
CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
ETMarkets Smart Talk | Financials, IT turn attractive; microfinance seen as turnaround bet: Niraj KumarIndian stock markets are presenting new chances for investors. Financial and IT sectors are looking attractive. Microfinance is seen as a t...
Government unveils Rs 20000 crore credit guarantee plan for MFIsThe government has announced an ambitious Rs 20,000 crore credit guarantee scheme targeting microfinance institutions, a lifeline for those...
Earn below Rs 3 lakh? You could get a microfinance loan up to Rs 1.25 lakh — here’s how
Why microfinance still matters: Debunking myths and highlighting progressDespite recent negative press, microfinance significantly contributes to India's economy, empowering women and curbing migration. The secto...
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...
Micro loan delivery slowed in April-May as lenders took time to adjust to new guidelinesLoan disbursements across segments had been robust during the second half of FY22 backed by gradual rise in economic activities and steady ...
Assam government to frame detailed guidelines for MFI operations: Himanta Biswa Sarma“Micro-Finance Institutions have played a significant role in promoting financial inclusion in Assam over the past few years - especially i...
Microfinance to double lending in 5 years: Muhammad YunusThe industry grew at over 40% in FY2019 with its loan portfolio reaching Rs 178,552 crore at the end of March 2019, according to the Sa-Dha...
SKS Microfinance raises Rs 538 crore through securitisation dealIn a BSE filing, SKS Microfinance said it has "completed seventh securitisation transaction during 2015-16 for a pool value of Rs 538.11 cr...
Payment bank rules by month-end, telcos, India Post remain frontrunners: RBIInstead of having local area banks focussed on two or three districts, there are suggestions that there should be all-India small finance b...
Microfinance Institutions Network welcomes RBI's guidelines for micro-finance industryRBI norms for self-regulatory organisations of NBFCs engaged in micro-finance would aid process of improved governance and grievance redres...
MFIN welcomes RBI's guidelines for microfinance industryRBI norms for self-regulatory organisations of NBFCs engaged in micro-finance would aid the process of improved governance.
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...
- Banks turn more receptive to MFIs; UBI sanctions Rs 100 crore loan to Bandhan Financial Services
Of the Rs 30,000 crore MFIs have borrowed from the banking system till date, this is perhaps the most precious Rs 100 crore ever.
- SKS Microfinance to levy 1% processing fee
SKS Microfinance said it will charge a processing fee of 1% of the amount on all micro loans offered, to provide greater transparency in op...