Microfinance Institutions

We have deliberately slowed down our rural business finance disbursements, which is high yielding business, when you slow down the disbursement, obviously, it has got an impact in the NIMs and fees, Roy said in an interview.

Are Indian MFIs pushing too much credit to the borrower?

There are signs of overheating in some pockets of the industry, signalling build-up of potential stress. It is time for the industry to recall the lessons of the 2010 crisis and do a course correction

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.

Top MFIs eye 70-80% digital loan repayment in next 3-5 years

Currently, only about 10-15 percent of customers repay digitally. The organisations are considering monetarily incentivising clients to repay digitally.

NBFC-MFIs' assets under management to see up to 30% growth in FY24: Crisil

The year will also see an improvement in asset quality and profitability for the Non-Bank Finance Companies-Microfinance Institutions (NBFC-MFI) segment, the agency said.

Telangana HC order on MFI regulation a boon for sector, say experts

The Telangana High Court ruled that the state cannot regulate microfinance institutions registered with the Reserve Bank of India.

Budget 2023: Microfinance lenders pitch for flexibility in inclusion schemes, tax relaxations and lower borrowing costs

Voices from small lending companies are expecting reforms from the budget pertaining to their core lending business alongside leeway with other financial institutions

NextGen ties up with Sa-Dhan to promote digital payment

The partnership intends to help millions of feature-phone users to make digital payments under the micro finance ecosystem, a joint statement said on Sunday.

Banking Central | Will latest RBI framework dilute the spirit of MFI model?

Microfinance has always been an avenue for economically weaker sections, especially women borrowers. The new framework poses some important questions.

RBI sets average base lending rate for NBFC-MFIs at 7.81% for April-June quarter

Base rate is a minimum rate at which lending institutions can give loans. But they typically charge other components above the base rate to arrive at the final lending rate.

Good news for smaller NBFC-MFIs as NABARD sets easier terms for Rs 5,000 crore refinance scheme

When it comes to funding, smaller MFIs have been largely left out so far. This is because banks have played safe by lending to bigger NBFCs with top ratings on account of high risk-aversion

NBFC-MFI loan disbursements plummet during COVID; industry hopeful of early recovery

MFIs are institutions that borrow from banks and lend to small borrowers at a margin. The COVID lockdown had severely impacted the operations of these institutions as collection process took a hit.

Ujjivan small fin bank to offer personal loans; note ban trouble to end soon: CEO

Samit Ghosh, Managing Director and Chief Executive Officer of Ujjivan Small Finance Bank, expects the loan book to grow by 20 percent by year-end.

From SKS Microfinance to IndusInd, a bank is every MFI's destination point: Bharat Fin CEO

The swap ratio being considered is one share of IndusInd Bank for 1.75 shares of Bharat Financial while RBL had proposed a 2:1 ratio.

Ujjivan Small Finance Bank hopes to revive growth after Q1 loss of Rs 75 crore

It expects the impact of demonetisation to completely wane away in the next two quarters. The company was impacted by the move as it delayed the repayments by its borrowers, substantially

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.

Demonetisation: Capital First's GNPA can go up to 1.2% in Q3: Executive Chief

For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.

'Demonetisation to have temporary impact on MFIs, borrowers'

The Narendra Modi-led government on November 8 had announced demonetising notes of Rs 500 and Rs 1,000 in a clampdown on black money and counterfeit notes.

Raghuram Rajan: 90-95% of what I wanted to achieve is done

Outgoing Reserve Bank of India Governor Raghuram Rajan spoke to CNBC-TV18‘s Latha Venkatesh on a variety of topics – and most importantly on his decision to step down in September when his three-year tenure ends.

Temples, trusts deposit 1,512 kg gold under GMS: Sinha

Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.

Loan portfolio of MFI rises 33% in FY'15

NBFC-MFIs accounted for 88 percent of the loans, followed by Societies and Trusts at 9 percent, it said.

Grameen Koota Reaches Milestone with 1 Million Microfinance Customers

Bangalore-based NBFC –MFI, Grameen Koota Financial Services Pvt Ltd (Grameen Koota) has reached a new milestone of 1 million microfinance ...

Loan portfolio of MFIs grows 47% to nearly Rs 29K cr in Q2

The GLP of the all MFIs (Microfinance Institutions) stood at Rs 19,560 crore during the same quarter last year. According to the latest MFIN MicroMeter, 10 largest MFIs in terms of GLP account for 75 percent of the total industry loan portfolio.

Pranab introduces MFIs Bill in Lok Sabha

The Microfinance Institutions (Development and Regulation) Bill 2012 introduced today comes with modifications to the earlier Bill introduced in March 2007.

NBFCs to benefit from MV Nair recos: Shriram Transport Fin

R Shridhar, managing director, Shriram Transport Finance Company spoke to CNBC-TV18 about the recommendations of the MV Nair Committee and the way forward.