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UNIQUE MICROFINANCE BORROWERS
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-EquifaxCredit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset qualit...- 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 ...
- Geopolitical tensions keep markets nervous despite strong earnings: Dipan MehtaGeopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc...
- As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
- At bottom of the pyramid, 21 million small borrowers have dropped outTwenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance cri...
- About 11 million microfinance borrowers out of the formal credit systemEleven million low-income borrowers have left India's formal credit system. Microfinance lenders reduced lending to those at the economic b...
- Microfinance as key engine of financial inclusion: How it can be made a strong pillar of Viksit BharatMicrofinance sector needs transparent pricing and protection against financial vandalism. Strengthening governance and reforming collection...
- 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...
- Budget impact: Grameen Credit Score likely to restore credit discipline in microfinance, say expertsMicrofinance leaders anticipate the implementation of a new Grameen credit score framework to restore lending discipline following a declin...
- Siddaramaiah talks tough on MFIs employing goondas to recover loansThe State Government has decided to take strict action against micro-finance institutions (MFIs) demanding high interest rates and harassin...
- Advent International & Multiples to invest Rs 1,930 cr in Ananya Birla’s Svatantra MicrofinSvatantra Microfin, led by Ananya Birla, raised Rs 1,930 crore from Advent International and Multiples Private Equity. It has a business se...
- PE cos Advent, Multiples to invest Rs 1,930 crore in Ananya Birla’s Svatantra MicrofinAdvent International and Multiples to invest INR 1,930 Crores or $230M in Ananya Birla’s Svatantra Microfin, marking the largest private eq...
- Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 crThe industry served 6.4 crore unique borrowers through 12.6 crore loan accounts. The number of active loan accounts grew almost 19% as comp...
- Microfinance loan rises 10% to Rs 2.56 lakh crore: MFIN dataAt the end of last year, 13 banks together held the largest share of the micro loan portfolio with total loan outstanding at Rs 1.04 lakh c...
- 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.
- Acute stress building up in microfinance portfolios in WB, Maha, PunjabThe department of financial services (DFS) has recently called upon the two microfinance industry organisations - Sa-Dhan and Microfinance ...
- Microfinance GLP jumps 48% to Rs 2 lakh cr in Sept quarterIn the second quarter ended September 2019, the total number of microfinance loan accounts were at 9.79 crore as compared to 7.43 crore acc...
- Microfin cos want to be a UIDAI registrarMicrofinance Institutions Network which is the umbrella organisation for some 39-odd NBFC-turned microfinance players, has made a pitch bef...
- Bank resumes lending to MFIsICICI Bank has resumed lending to microfinance institutions under the partnership model, an activity it had suspended since January 2007.
- ICICI resumes lending to MFIsICICI Bank has resumed lending to microfinance institutions under the partnership model, an activity it had suspended since January 2007.
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