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MICROFINANCE SECTOR CRISIS
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...- RBI’s Swaminathan warns banks on rising risks beyond balance sheetsIndian banks face a new era of resilience. RBI Deputy Governor Swaminathan J highlighted the need to manage complex uncertainties from geop...
- Energy prices, current account deficit, balance of payments big priorities right now: CEAManaging macroeconomic fundamentals like balance of payments and current account deficit is a top priority for the government. The West Asi...
- Geopolitical tensions keep markets nervous despite strong earnings: Dipan MehtaGeopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc...
- IDFC First Bank deposit growth returning to 20%, credit costs falling, no West Asia impact yet: V VaidyanathanIDFC First Bank's CEO V Vaidyanathan stated that the deliberate slowdown in deposit growth during Q4 was temporary and already reversing, w...
- 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...
- RBL Bank Q4 Results: Profit soars 233% YoY to Rs 230 croreRBL Bank reported a significant three-fold surge in net profit for the fourth quarter, reaching Rs 230 crore, driven by robust business exp...
- 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...
- 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...
- 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...
- Crisis looms over south’s microfinance sectorThere are repayment concerns also in some smaller pockets of Tamil Nadu, said sources.
- Microfinance industry back on growth path: ReportWith the industry seeing better growth prospects, companies like SKS Microfinace are expected to benefit, Karvy Stock Broking said.
- After five-year hiatus, mutual funds turn to investing in microfinance companiesLoans disbursed to women groups (clusters) carry better weightage as their repayment rates are higher than the men clusters.
- Lok Capital aims to raise $45 million fund by June“The fund made a total of 10 investments and has already exited six. We’ll have two more exits by February-end,” Lok Capital co-founder and...
- Microfinance: Recovery after the ravagesThree years after the Andhra Pradesh crisis tore through microfinance, the sector is on the mend.
- Budget 2013: FM poposes to raise SIDBI corpus by Rs 100 croreThe announcement may disappoint the industry, which was expecting it to raise the fund's capital to Rs 500 crore during Budget.
- Microfinance institutions struggle for funds as banks raise lending ratesMFI, especially small and mid-sized companies, are expected to struggle to get funds for lending even if the regulatory environment clears ...
- SKS Microfinance plans to prune micro-lending exposureSKS expects this business, which would largely focus on meeting the needs of existing microfinance borrowers, to help derisk operations fro...
- MFIs want banks to create Rs 1,000-cr fundMicrofinance Institution Network requests RBI to ask banks to create an emergency fund.
- World Bank, Germany to aid global microfinanceThe World Bank and the German government announced a $500 million fund to support microfinance institutions to aid the poor amid the global...
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