Micro Finance

Stable margins, lower credit cost, and operating leverage to support return on assets.

Government to focus on micro credit facility for street vendors in 2023: IT and Telecom Minister Ashwini Vaishnaw

The minister said that the country will see the roll out of indigenously developed 4G and 5G technologies this year.

Borrowers of small loans may have to pay more after rate hike by RBI

Microfinance institutions (MFIs), which fund small borrowers, are likely to pass on the rising cost of funds to their customers, primarily new ones, as interest rates increase. Muthoot Microfinance may raise rates by 25-30 basis points

CreditAccess Grameen declared ‘Micro Finance Organisation of the Year’

CreditAccess Grameen Ltd, India’s largest NBFC-MFI, was declared the ‘Micro Finance Organisation of the Year’ at the 12th Inclusive Finance India Awards ceremony held in Delhi on January 21.

Coronavirus pandemic | Micro-financers stare at tough times ahead

The coronavirus lockdown and the RBI's loan moratorium are building pressure on the segment.

College students and young graduates bring in new avenues for startups

Largely ignored by banks, these startups are offering college students instant micro-loans ranging from Rs 200 to Rs 30,000 for a variety of needs.

MFIs' loan portfolio increases 26 percent in Q1 to Rs 35k crore

The loan portfolio of micro-finance institutions (MFIs) increased by 26 percent to Rs 35,045 crore in the first quarter ended June 2017.

Bharat Financial posts Rs 235 crore loss for Q4, weighs merger

Micro lender Bharat Financial Inclusion today reported a net loss of Rs 234.92 crore for the quarter ended on March 31, 2017, mainly due to write offs of Rs 334.56 crore. Bharat Financial, formerly SKS Microfinance, had made a net profit of Rs 84.47 crore during the corresponding January-March quarter of 2015-16.

RBL Bank launches Aadhaar-based disbursment of mirco loans

Private sector RBL Bank today said it has launched 'Aadhaar Payment Bridge System' (APBS) for small ticket micro-finance loan disbursements.

Sebi orders Micro Finance to refund Rs 88 cr in 3 months

Clamping down on illegal fund raising schemes, Sebi today ordered Micro Finance Ltd to refund over Rs 88 crore investor money raised through such schemes without complying with the public issue norms.

Avanti Finance to provide affordable, safe finance: Tata

The Tata Group Chairman Emeritus along with technocrat Nandan Nilekani and former Finance Secretary Vijay Kelkar have announced setting up of Avanti Finance which will be mainly engaged in micro financing activities.

Rural India can thank good monsoon for its recovery: Sundaram MF

S Krishna Kumar, CIO-Equity at Sundaram Mutual Fund, in an interview to CNBC-TV18 says the tactical shift in the portfolios of many asset manager has moved towards the rural India and income level has also shown an uptrend in rural areas.

Co poised to grow at CAGR of 20% in next few years: Manappuram

The microfinance segment's assets under management will grow to Rs 3000 crore in the next two-three years, says VP Nandakumar, MD & CEO Of Manappuram General Finance.

Why method of calculation of interest matters when you borrow

Depending on the method of calculation of interest rate, the amount of interest is arrived at. Accordingly your monthly outgo is ascertained.

Bandhan to start banking operations from Aug 23

Micro-finance institution Bandhan Financial Services, which got the final license from Reserve Bank of India to start universal banking, would formally start operations as a banker from August 23.

Bandhan gets final nod to set up bank; ops to start Aug 23

The entity will be named as Bandhan Bank. "We will launch the bank in Kolkata, where Bandhan is headquartered, on August 23," its Chairman and Managing Director Chandra Shekhar Ghosh told reporters here today.

RBI casts long shadow on proposed Micro Finance Bill

The Bill envisages the RBI as the sole regulator for all micro finance institutions (MFIs) including even those that are not companies.

SKS Microfinance Q2 profit at Rs 16.3cr

The Andhra Pradesh Micro finance Ordinance in October, 2010, which was made it into an Act subsequently, had crippled the activities of MFIs, including SKS, in the state.

Financial inclusion is not charity: K C Chakrabarty

Reserve Bank Deputy Governor K C Chakrabarty has said banks cannot do financial inclusion as "charity" but only as a viable business model and for long- term survival achieving this is a must. "Banks must not do financial inclusion as charity.

Banks gradually demanding stronger credit scores: Cibil

During the last few years, banks have been looking for greater benchmark scores to extend loans to consumers, a Cibil official said today.

Draft MFI Bill: 5 key things you should know about it

The Finance Ministry had put out the proposed MFI (development & regulation) bill in 2011 for public debate, which proposes to override all other laws, including legislations passed by states like Andhra Pradesh.

SKS moves SC against AP govt's Microfinance Act

SKS Microfinance today challenged in the Supreme Court the special act passed by the Andhra Pradesh government to regulate micro finance institutions in the state after allegations that their high interest rates and strong-arm recovery methods led to suicides by farmers.

Pre-credit policy meeting today

The Reserve Bank of India (RBI) will be holding the pre-credit policy meeting today. Bankers are likely to seek some relief from the RBI to cool off inflation, reports CNBC-TV18.