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NEW MICROFINANCE RULES
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 ...
Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
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 ...
PSU bank stocks fall up to 3%. How RBI’s ECL directions can impact lendersPSU bank stocks fell up to 3% on Tuesday after RBI confirmed the rollout of the Expected Credit Loss (ECL) framework from April 2027, trigg...
Muthoot Microfin in diversification binge, to start gold loans soonMuthoot Microfin, leveraging relaxed RBI norms, is diversifying into secured lending, including gold loans via co-lending with Muthoot Finc...
Gold loans turn microfinance companies' best bet amid fears about the unsecuredMicrofinance companies in India are increasingly turning to gold loans to diversify their portfolios and reduce risk, spurred by relaxed RB...
Three-lender cap rule for microfinance from April 1, further stress likely in short termFrom April 1, microfinance lenders are set to cap borrowers' access to a maximum of three lenders, aiming to prevent overleveraging. This r...
Tightening microfinance loan norms to defuse risk for overleveraged borrowers: S&P Global RatingsStricter regulations and underwriting standards in the Indian microfinance sector are expected to slow down growth for lenders while reduci...
RBI's microfinance move: Tightening the reins while easing the credit squeezeRBI has relaxed risk weights in banks' microfinance lending, indicating confidence in the effectiveness of earlier restrictions. With non-p...
Will amend law to rein in microfinance companies: Karnataka CM SiddaramaiahKarnataka Chief Minister Siddaramaiah has announced the state's decision to amend existing money lending laws and introduce new legislation...
Muthoot Microfin announces foray in TelanganaMuthoot Microfin, a part of Muthoot Pappachan Group, provides financial assistance through income-generating microloans to women engaged in...
Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
More MFIs to lower rates as borrowing cost fallsPricing of micro loans is linked to cost of fund as RBI capped the margin for to non-banking finance company-microfinance institutions at 1...
SKS Microfinance gains over 50% year-to-date; can return up to 30%Initiating its coverage on the stock, Morgan Stanley said that SKS Microfinance is a high growth stock in a nascent industry.
- RBI, Andhra Pradesh government in a spat over microfinance bill
RBI has challenged AP's right to regulate microfinance firms registered with it as NBFCs, drawing a sharp retort from the state government.
- Government likely to introduce Micro-Finance Bill in Budget Session
The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the R...
- Govt likely to introduce Micro-Finance Bill in Winter Session
The draft Micro Financial Sector (Development and Regulation) Bill, 2011, was circulated for public comments in July this year.
- SKS Microfinance tanks 8 pc to hit all time low on BSE
Shares of SKS Microfinance on Friday plunged to all-time low of Rs 1,018 before closing 4.78 per cent down.
- SKS Microfin raises funds at low costs despite credit crunch
Even as many top-rated corporates are struggling to grow and have seen their borrowing costs go up by 300-400 basis points (bps) during the...