May 06, 2021 04:18 PM IST
The RBI on May 5, announced a slew of measures to mitigate impact of the pandemic on the businesses and individuals, including restructuring window for small businesses.
- Apr 29, 2021 06:40 PM IST
In a letter to the FM, Sa-Dhan said the second wave of COVID pandemic has begun hurting the operations of microlenders.
- Apr 01, 2021 09:35 PM IST
Devesh Sachdev, the vice-chairman and board member of MFIN ( self-regulatory body for NBFC-MFIs) is the founder and CEO of Fusion Microfinance. Fusion Microfinance was set up in 2010 and now serves 1.8 million active customers through a network of 591 branches and 5,490 people.
- Feb 10, 2021 01:52 PM IST
The proposed uniform regulations for all types of lenders in microfinance space will be positive for NBFC-MFIs and negative for banks
- Oct 28, 2020 06:50 PM IST
Trident Microfinance, the only major MFI that had to shut shop following the 2010 microfinance crisis in Andhra Pradesh, is quietly back in business in a new avatar and with a new business model. Trident’s founder Kishore Kumar Puli isn’t willing to give up on his dream
- Jul 08, 2020 07:52 PM IST
This confusion among borrowers has prompted micro lenders to seek the help of RBI to increase awareness about the impending extra interest burden to those availing the moratorium
- May 26, 2020 04:30 PM IST
Since most borrowers of MFIs are from low income segments, it is difficult to restore the credit culture once the payments go off the track, MFI officials say.
- Apr 29, 2020 03:40 PM IST
This is a significant development as microlenders felt the earlier repayment rules were stringent considering the present operating environment.
- Apr 29, 2020 02:05 PM IST
Rating agencies typically revise ratings of microlenders after 12 months. Despite the lock down, some of the microlenders have received communication from agencies on further rating revision.
- Apr 27, 2020 05:14 PM IST
On April 17, announcing the second round of COVID-19 relief measures, RBI Governor Shaktikanta Das had launched refinancing support to the tune of Rs 50,000 crore through all India financial institutions such as NABARD, SIDBI and NHB.
- Apr 23, 2020 03:44 PM IST
"Due to the repayment clause and the minimum rating required, most MFIs are not even approaching SIDBI for refinance facility," said P Satish, Executive Director of Sadhan, an industry body.
- Apr 21, 2020 09:55 AM IST
A special dispensation for the small and medium-sized MFIs is needed
- Nov 08, 2019 07:03 PM IST
The limit has been increased after taking into consideration the important role played by microfinance institutions (MFIs) in delivering credit to those in the bottom of the economic pyramid and to enable them play their assigned role in a growing economy, it said.
- May 29, 2019 11:04 AM IST
- Jul 24, 2018 08:45 PM IST
At present, MFIs can lend 15 percent of their total assets outside the guidelines governing MFI lending. Such loans do not qualify as priority sector lending (PSL).
- Mar 08, 2018 06:42 PM IST
The price band of the much-awaited IPO has been finalised at Rs 370-375 per share and the bid would remain open from March 15 to 19.
- May 25, 2017 09:10 AM IST
Credit Suisse feels that the firm remains the most cost-efficient MFI, and there could be further opex gains from the technology adoption, a clear upside risk to its earnings estimate.
- Apr 03, 2017 11:06 AM IST
Rashesh Shah of Edelweiss Financial Services believes the market seems to be settling at a fairly strong base. He now sees strong credit growth coming from outside of the banking arena.
- Mar 10, 2017 06:08 PM IST
The media has been abuzz with the rumours of IndusInd Bank (IIB) and Bharat Financial Inclusion (BHAF) coming together. This isn‘t the first marriage in the space. In the past, IDFC Bank had acquired Tamil Nadu-based Grama Vidiyal Microfinance and Kotak Bank had acquired BSS Microfinance. So there are clearly merits of acquiring a Micro Finance Institution (MFI) for a bank.
- Feb 22, 2017 06:36 PM IST
National Payments Corporation of
India (NPCI) today said it has started a pilot project to
digitise the transactions in micro finance institutions
- Jan 11, 2017 10:27 AM IST
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
- Jan 06, 2017 02:52 PM IST
The report said that on account of non-availability of cash post demonetisation, the borrowers were not in a position to service their loans which led to delay and drop in collection rates.
- Dec 29, 2016 12:24 PM IST
Speaking to CNBC-TV18 Rashesh Shah, Chairman & CEO of Edelweiss Financial Services said that from April next year growth should bounce back. â€œDemonetisation hasn‘t changed the structural demand-supply balance, but it has only got dislocated.â€
- Dec 27, 2016 11:33 AM IST
Speaking to CNBC-TV18 PH Ravikumar, Non-exec Chairman, Bharat Financial said that they are perhaps the only sub-20 percent charging rural finance MFI.
- Dec 23, 2016 11:47 AM IST
Speaking to CNBC-TV18 Nilesh Shetty of Quantum AMC said that the long-term structural story isn‘t damaged, but the near-term outlook looks a bit shaky. There will be impact on GDP growth, he said, from demonetization. The next 12 months are going to be tough for equities, he said.