Loan repayment took a severe hit in the cash-based microfinance sector after the government announced note-ban in November 2016.

While 88 per cent of the total cashless disbursements were through NEFT/IMPS by MFIs in 2016-17, repayments through cheques constituted 50 ...

The aggregate gross loan portfolio of the companies stood at Rs 46,487 crore as on March 31, 2017 as against Rs 53,233 crore in the year-ag...

Maximum 3 lenders can give loans to a single borrower; amount capped at Rs 60k under joint liability group rules

“When implemented, the whole issue of over-leveraging can be addressed,” said MFIN chief executive Ratna Vishwanathan. “We are pushing it a...

There are repayment concerns also in some smaller pockets of Tamil Nadu, said sources.

As per the existing regulations, MFIs lend on two schedules -12 months and 24 months. Every micro finance borrower must repay their loan wi...

The aggregate gross loan portfolio of microfinance institutions stood at Rs 56,634 crore in Q3 FY17 as compared to Rs 36,912 crore in Q3 FY...

A recent Reserve Bank of India direction giving additional 60 days relaxation on asset classification norms to these lenders has also aggra...

MFI practitioners told ET that some have come with Rs 2000 notes but yet they can’t accept repayment as they don’t have currencies with sma...

Kolkata-based Uttrayan Financial Services, on the other hand, has directed its field workers not to accept any pre-payment while it has not...

Companies have also stopped loan disbursement in physical cash, creating gaps in borrowers’ daily cash credit requirements.

"South India leads the way with 35 % share in GLP followed by North and West which stand at 25 % cent and East contributing 15 %," MFIN sai...

The formation of Bandhan Bank in fact, marked a new beginning of Indian banking, which in another one-and-a-half year will see emergence of...

MFIs are worried about the government's decision to set up the Micro Units Development and Refinance Agency, or Mudra Bank.

The three corporate giants join Pranab Mukherjee, Sachin Tendulkar in being awarded the country’s second highest civilian award. Ways to be...

The world’s richest Indian and ArcelorMittal president and CEO, Lakshmi Narayan Mittal, Tata Sons chairman Ratan Tata, who recently launche...