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  • Crisil says half of the mid-sized companies it rates eligible for second round of restructuring May 06, 2021 04:18 PM IST

    Crisil says half of the mid-sized companies it rates eligible for second round of restructuring

    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.

  • After NBFCs, MFIs raise alarm on COVID second wave, seek fresh liquidity support Apr 29, 2021 06:40 PM IST

    After NBFCs, MFIs raise alarm on COVID second wave, seek fresh liquidity support

    In a letter to the FM, Sa-Dhan said the second wave of COVID pandemic has begun hurting the operations of microlenders.

  • Fusion Microfinance, focussed on rural women entrepreneurs and backed by Warburg Pincus targets 2021 IPO Apr 01, 2021 09:35 PM IST

    Fusion Microfinance, focussed on rural women entrepreneurs and backed by Warburg Pincus targets 2021 IPO

    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.

  • New RBI rules: Banks may lose edge in MFI business Feb 10, 2021 01:52 PM IST

    New RBI rules: Banks may lose edge in MFI business

    The proposed uniform regulations for all types of lenders in microfinance space will be positive for NBFC-MFIs and negative for banks

  • Rising from the ashes: The fall of Trident and rise of Pradakshana Oct 28, 2020 06:50 PM IST

    Rising from the ashes: The fall of Trident and rise of Pradakshana

    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

  • Loan moratorium is not a loan waiver: MFIs struggle to convince some borrowers Jul 08, 2020 07:52 PM IST

    Loan moratorium is not a loan waiver: MFIs struggle to convince some borrowers

    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

  • Loan moratorium extension until August 31: Can prolonged EMI deferral spoil borrowers' credit culture? May 26, 2020 04:30 PM IST

    Loan moratorium extension until August 31: Can prolonged EMI deferral spoil borrowers' credit culture?

    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.

  • SIDBI extends loan repayment term to 1-year for NBFCs, MFIs Apr 29, 2020 03:40 PM IST

    SIDBI extends loan repayment term to 1-year for NBFCs, MFIs

    This is a significant development as microlenders felt the earlier repayment rules were stringent considering the present operating environment.

  • COVID-19-hit microlenders knock on SEBI’s door seeking extension of rating period Apr 29, 2020 02:05 PM IST

    COVID-19-hit microlenders knock on SEBI’s door seeking extension of rating period

    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.

  • Coronavirus relief: MFIs write to Sidbi, RBI seeking relaxation in refinance scheme eligibility terms Apr 27, 2020 05:14 PM IST

    Coronavirus relief: MFIs write to Sidbi, RBI seeking relaxation in refinance scheme eligibility terms

    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.

  • RBI's much-hyped refinance window may fail to help small MFIs and MSMEs Apr 23, 2020 03:44 PM IST

    RBI's much-hyped refinance window may fail to help small MFIs and MSMEs

    "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.

  • Microfinance: The RBI's sops are not enough Apr 21, 2020 09:55 AM IST

    Microfinance: The RBI's sops are not enough

    A special dispensation for the small and medium-sized MFIs is needed

  • RBI raises limit for borrowing from MFIs Nov 08, 2019 07:03 PM IST

    RBI raises limit for borrowing from MFIs

    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.

  • CreditAccess Grameen – A reasonably valued micro-lending NBFC defying slowdown May 29, 2019 11:04 AM IST

    CreditAccess Grameen – A reasonably valued micro-lending NBFC defying slowdown

  • RBI must allow microfinance firms to lend to small, mid-sized segments: MFIN President Jul 24, 2018 08:45 PM IST

    RBI must allow microfinance firms to lend to small, mid-sized segments: MFIN President

    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).

  • Bandhan Bank to raise up to Rs 4,473 crore in one of India's biggest banking sector IPOs Mar 08, 2018 06:42 PM IST

    Bandhan Bank to raise up to Rs 4,473 crore in one of India's biggest banking sector IPOs

    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.

  • Credit Suisse upgrades Bharat Financial to outperform, upgrades target price to Rs800 May 25, 2017 09:10 AM IST

    Credit Suisse upgrades Bharat Financial to outperform, upgrades target price to Rs800

    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.

  • RBI policy, earnings to drive markets; see growth returning to NBFCs: Edelweiss Apr 03, 2017 11:06 AM IST

    RBI policy, earnings to drive markets; see growth returning to NBFCs: Edelweiss

    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.

  • COMMENT- Is Bharat Financial a worthy Inclusion for IndusInd? Mar 10, 2017 06:08 PM IST

    COMMENT- Is Bharat Financial a worthy Inclusion for IndusInd?

    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.

  • NPCI starts pilot project to digitise MFI transactions Feb 22, 2017 06:36 PM IST

    NPCI starts pilot project to digitise MFI transactions

    National Payments Corporation of India (NPCI) today said it has started a pilot project to digitise the transactions in micro finance institutions (MFIs).

  • Credit cost expected to be below 60 bps In FY17: IndusInd Bank Jan 11, 2017 10:27 AM IST

    Credit cost expected to be below 60 bps In FY17: IndusInd Bank

    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.

  • Demonetisation led to drop in MFI collection rate: CARE Ratings Jan 06, 2017 02:52 PM IST

    Demonetisation led to drop in MFI collection rate: CARE Ratings

    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.

  • Demonetisation: Govt may benefit up to Rs 100K cr, must consider tax cuts: Shah Dec 29, 2016 12:24 PM IST

    Demonetisation: Govt may benefit up to Rs 100K cr, must consider tax cuts: Shah

    Speaking to CNBC-TV18 Rashesh Shah, Chairman & CEO of Edelweiss Financial Services said that from April next year growth should bounce back. “Demonetisation hasn‘t changed the structural demand-supply balance, but it has only got dislocated.”

  • Pain due to demonetisation, political compulsions: Bharat Fin Dec 27, 2016 11:33 AM IST

    Pain due to demonetisation, political compulsions: Bharat Fin

    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.

  • Next 12 mnths not good for equities; see hit on GDP: Quantum AMC Dec 23, 2016 11:47 AM IST

    Next 12 mnths not good for equities; see hit on GDP: Quantum AMC

    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.

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