Mfin

India’s microfinance sector is reeling under a client drop, shrinking loans, and rising defaults

MFIN defers capping lenders to each borrower by three months, other covenants come into effect

MFIN had in November introduced the measure to reduce number of lenders to a borrower to three, from previously four. MFIN also recommended to cap the indebtedness of a MFI borrower to Rs 2 lakh.

Banking Central | Microlenders, grow slow, grow steady!

The microfinance industry is likely to face a tough phase in terms of growth and recoveries in 2025 but that is still better compared with a repeat of 2010 crisis triggered by bad lending practices

Microfinance industry loan portfolio will rise to Rs 4.24 lakh crore by March-end: MFIN CEO Alok Misra

According to an MFIN report, India's microfinance loan portfolio stood at Rs 3,76,110 crore as of September 30, 2023.

MFI’s loan portfolio rises 4.2% to Rs 2,37,369 crore in Q1, credit cost could remain high

MFIN said in a statement that the microfinance industry served 5.68 crore unique borrowers through 10.30 crore loan accounts.

Devesh Sachdev succeeds Manoj Kumar Nambiar as chairperson of microfinance industry association MFIN

MFIN also announced the induction of Udaya Kumar Hebbar, MD & CEO, CreditAccess Grameen, and Amardeep Singh Sarma, MD & CEO of Midland Microfin, as board members

Exclusive | Smaller microlenders may find it tough to survive if liquidity doesn’t come by March, says MFIN CEO

Alleged fraud at Sambandh Finserve could impact the confidence of lenders. The company has initiated a forensic audit into the allegations raised by a section of the senior management.

MFIN, Equifax launch employee bureau for MFI sector

MFIN's chief executive officer, Ratna Vishwanathan, said, at present, NBFC-MFI industry consists of nearly 80,000 employees and there is a lot of cross movement of the staff – especially at the field level, with very little formal background and employment verifications.

RBI may offer 3-month extension for repayment of micro loans

The Reserve Bank of India (RBI) may offer a three-month repayment extension to customers whose loans were due from November 1, 2016 to December 31, 2016. The move may be a bid to ease loan default burden at microfinance institutions hit by demonetisation.

MFIs may challenge HC ruling; see 40% growth in FY'13

The Microfinance Institutions Network (MFIN) has hinted at challenging the recent Andhra High Court order upholding the legality of the Andhra MFI Act in the Supreme Court, a top official of the umbrella body that has over 40 microlenders as members, has said.

Budget Reactions: MFI Bill to promote healthy development of industry

Microfinance Institutions (Development and Regulation) Bill, 2012 will promote healthy development of industry.

MFI Bill should allay concerns of AP govt, says MFIN

Talking about this issue, Vijay Mahajan, President of the industry body Microfinance Institutions Network (MFIN) said that most of the problems relative to micro finance lenders in Andhra Pradesh are linked to consumer protection. "And, the bill is good step towards regularizing industry," he added.

MFIN is all in favour of the new MFI Regulation Bill

The finance ministry today released the MFI Development & Regulation Bill. Alok Prasad, CEO of the MFI Industry body, MFIN, talks to CNBC-TV18 about what the bill means for the industry.

Indian microfinanace firms have lower costs than Bangladesh

There finally appears to be a reason to cheer in the microfinance space. Indian microfinance (MFIs) companies are said to follow micro-financing models which are cheaper than their counterparts in markets like Bangladesh and Mexico, says Business Standard, quoting a study on the sector.

Malegam report: How does micro finance industry view it?

The long awaited Malegam report on microfinance companies was submitted today. In an interview with CNBC-TV18, Vijay Mahajan, Founder, BASIX and Chairman, MFIN, speaks about the report and gives his outlook going forward.