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MICROFINANCE STRESS ISSUES
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...- IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...
- Select SFBs and MFI players positioned for earnings upside: Rajiv MehtaNon-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance ...
- Arohan Financial plans to file for IPO within a monthMicrofinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary iss...
- Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPOArohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With be...
- 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...
- Lenders' fields may yield less as collections wilt in summer"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...
- Govt may cap lending rates to MFIs under guarantee schemeThe finance ministry is set to direct banks to cap lending rates at 2% above MCLR for microfinance companies under a new credit guarantee s...
- Spandana Sphoorty to launch Rs 400 crore rights issue at steep discountSpandana Sphoorty Financial will open a ₹400 crore rights issue on August 1 at ₹230 per share—nearly 25% below market price—to address asse...
- Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusionSpandana Sphoorty Financial is considering a rights issue, potentially with Kedaara Capital's participation, to raise Rs 750 crore and bols...
- Microfin in major crisis with near-2x NPA surge; Joint-liability lending model on shaky groundIndia's microfinance sector is facing a severe crisis as delinquency rates have surged, with gross NPAs reaching 16% in FY25. This rise has...
- IDFC First Bank Q3 Results: PAT falls 53% YoY on account of higher provisionsProvisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in...
- Difficult to lower interest rates below 20% without access to cheaper funds: MFI headsMicrofinance institution heads state that lowering interest rates is difficult without cheaper funding sources, emphasizing the need for a ...
- Stress in microfinance sector doubles in April to September 2024: RBIAsset quality stress in the microfinance sector doubled from April to September 2024, with loans overdue increasing from 2.15% to 4.30%. Bo...
- 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...
- NPAs to reduce in Q4, industry loss to be restricted to 5-6% of total microfinance loans, says Bandhan Bank MD Chandra Shekhar GhoshIn an exclusive interview with ET’s Atmadip Ray, Ghosh said that with improving loan recovery, the bank’s profitability would increase beca...
- "Very welcome step": MFIN chief hails FM's latest sops for small borrowers"NBFCs and MFIs play a very vital role in pushing inclusion of low-income clients. They need to be supported. Bankers are understandably ri...
- RBI calls bankers meet on Saturday to discuss moratoriumThe banking regulator has also called a separate meeting with leading NBFCs and microfinance firms along with their industry organisations,...
- 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...
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