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MICROLOAN PROVISIONS
IndusInd net falls on rise in provisions, expects better Q4IndusInd Bank's net profit plummeted 91% to ₹128 crore in the third quarter due to deteriorating asset quality and increased provisions. De...- Equitas Bank Q4 net profit plunges 80% amid rising credit costsEquitas Small Finance Bank’s Q4 profit fell 80% YoY to Rs 42 crore due to higher credit costs and muted earnings. While microfinance slippa...
- Final guidelines on project loans likely in 2-3 months: RBI officialThe final guidelines for project loans are expected to be announced in the next two to three months, according to a senior RBI official. Th...
- Bandhan Bank falls over 11%. Here’s whyBandhan Bank on Friday reported a net profit of Rs 209 crore for the September quarter as against a Rs 3,009 crore loss in the year-ago per...
- Paytm shares drop over 6% after ED searches company officesAs part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide...
- Funds seized by ED don’t belong to us, says Paytm parent firmThe searches were made under the provisions of the Prevention of Money Laundering Act (PMLA), the federal agency had said on Saturday.
- More pain for microfinance: Sticky loans beyond 180 days swell to Rs 24,500 croreThree months ago, the aggregate size of sticky loans was estimated at Rs 20,000 crore or about 8% of the microfinance book.
- FEMA authority orders seizure of Rs 288-cr funds of Chinese-owned NBFC giving instant loans in IndiaA competent authority of FEMA has "confirmed" seizure of Rs 288 crore worth funds of a "Chinese-owned" non-banking financial company (NBFC)...
- Indusind Bank says whistleblower claims baseless; gave 84,000 loans sans client consent in MayAt the end of September, 26,073 of these 84,000 clients were active with the loan outstanding at Rs 34 crore, which is 0.12 per cent of the...
- Lower growth, loan slippages likely to cloud banks’ June quarterAdequate provisions, capital buffers, diversified assets and low-cost liabilities should cushion large private banks. With exposure to more...
- Bandhan stock may get an upgrade as poll dust settles in Bengal, AssamBandhan Bank was under pressure on concerns around asset quality due to the waiver promises in Assam and polls in the two states.
- Banks see slow recovery in microloans, polls an overhang“This sector needs more hand-holding and would take at least six to nine months to recover as the economy gets back full throttle,” said Ar...
- Why is this MNC-backed midcap getting big premium over its peersThe market share of the NBFC is set to rise after it acquired Madura Microfinance (MMFL) in March 2020. Analysts pegged CreditAccess’ marke...
- L&T Finance Holdings to raise up to Rs 2,000 crore to fund biz growthThe preference shares will allotted to various persons either through public offer or private placement, in one or more tranches.
- Top micro lenders face Rs 10,000 crore shortfallSmall finance banks with high concentration of micro loans are likely to be the worst hit among their peers as this segment saw cash flow s...
- CreditAccess Grameen-Madura Micro Finance merger to be completed by FY21MD & CEO Udaya Kumar says their microloans have grown at about 48-49% in the last four-five years on a CAGR basis, though going forward, th...
- Buy Bandhan Bank, target Rs 650: JM FinancialBuy Bandhan Bank Ltd. at a price target of Rs 650.
- Market Movers: All eyes on Opec meet; India's tit for tat duty hike on US goods and no RBI relief on power NPAsA look at top macro triggers that may move market on Friday.
- Equitas Holding's March quarter net profit rises four-fold to Rs 34 croreDuring the quarter, the company reported net profit of Rs 34 crore against Rs 7 crore in the same period a year ago. Profit in the March qu...
- Microfinance Crisis: MFIs with sizeable presence in Andhra Pradesh on the brink of closureIf that's the plight of India's second largest MFI, Spandana, half of whose portfolio is locked in Andhra, how are smaller MFIs with an equ...
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