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STICKY MICRO LOANS
At the bottom, 3 mn borrowers may have lost access to bank credit in 9 monthsAround 3 million borrowers at the bottom of the financial pyramid lost access to formal finance over the past nine months as lenders tighte...- Rising funding costs may hit NBFC marginsNBFCs are expected to face pressure on margins due to liquidity issues and high funding costs in Q3 of 2024. Microfinance companies and tho...
- Lenders see gold at bottom of the pyramidGold loan companies in India are accelerating growth plans, capitalizing on increased demand as microfinance lenders tighten credit. Muthoo...
- Uber India rolls out rewards programme for drivers across 12 citiesThe company has been piloting this programme in Delhi-NCR, and is now rolling it out in more cities. This comes at a time when the cab aggr...
- Microfinance lenders have written off Rs 26,000 crore of sticky loans after Covid: ReportLenders write off bad loans after making full provisions against them after a certain time period. Some lenders do it after 270 days past d...
- We nan now bank on our banksPublic sector banks (PSBs) in India have shown significant improvement in their financial health after a decade-long effort to clean up bad...
- Microfinance sector's bad loan stockpile declines to Rs 36,600 crore by MarchBanks including the country's largest microfinance lender, Bandhan Bank, account for about 45% of the sectoral bad loans, industry sources ...
- More pain for microfinance sector, sticky loans jump to all time high of Rs 42,300 crDespite a sizeable sheet cleansing by large microfinance institutions (NBFC-MFIs) and small finance banks in the third quarter of this fisc...
- Optimum net interest margin for NBFC-MFIs should be 11-11.5%: Fusion Microfinance MDThis is 100-150 basis points higher than the 10% margin cap these lenders used to follow before deregulation of lending rates for NBFC-MFIs...
- Microfinance NPA at all time high of Rs 36,500 crore as loans restructured earlier showing stressThis translates into Rs 36,418 crore on gross non-performing assets, an all-time high. This is despite significant write-off of very sticky...
- Bandhan Bank Q2 Results: Net profit at Rs 209 cr against Rs 3,009 cr loss in year-ago periodThe bank's net interest margin fell to 7% against 7.6% in the comparable quarter last year, due to Rs 298 crore of interest rate reversal o...
- Sticky micro loans at Rs 32,000 crore, but profitability for NBFC-MFIs may improveThe high level of sticky loans has shortened the odds on more future write-off by lenders. Write-offs increased to 4.8% at the end of March...
- Inflationary pressure to delay recovery of microfinance sector: Ujjivan Small Finance Bank MD Ittira Davis“We have to get back to the pre-Covid level when PAR was slightly below 1%. That should be the target,” Davis told ET in an exclusive inter...
- Indian Bank expects profit to sustain at this level, MSME asset quality faltersIndian Bank chief executive Padmaja Chunduru exuded confidence on sustainability of net profit around this level, if no further crisis hits...
- Bandhan Bank teams up with Standard Chartered Bank for a co-branded credit cardThe credit card will be for Bandhan Bank customers while the credit risk will be borne by StanChart, one of the leaders in the credit card ...
- ARCs expect around 20% return on investments in BMM Ispat sticky loansEdelweiss ARC and IndoStar Capital bought loans at about Rs 1,500 crore
- How a bad loan sale revived a company's fortuneEdelweiss ARC is expecting at least 50% returns on the investment after taking over the bad loans of BMM Ispat.
- Bandhan Bank nets Rs 327 crore profit in Q1Operating profit before provisions and taxes was Rs 557 crore, 45% up from the year ago period.
- Startups offer sops, value-added services to attract SMEsOnline marketplace ShopClues, which hosts half a million merchants, of which 80% are small sellers, has launched several value-added servic...
- No short loans to companiess: Ministry of finance to banksBanks have to either phase out all such loans in the next six months or create collateral securities against the assets.
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