Mfi

BS BFSI Insight Summit: SFBs' MFI stress set to ease in 2-3 quarters

While SFBs have grown rapidly over the past few years, their microfinance portfolios have affected asset quality

NBFC-MFIs' bad loans seen falling to 3.6% by March 2026: CareEdge

The decline in bad loans will be driven by write-offs and tighter lending norms, though credit costs are expected to remain elevated in FY26, says CareEdge Ratings

Microfinance recovery may be delayed by a quarter as stress persists

The fall in new delinquencies in the microfinance industry has slowed, delaying recovery by a quarter, with meaningful earnings growth expected only from Q4 FY26 or FY27

India Ratings downgrades Spandana Sphoorty's debentures, loans to BBB+

Profitability under pressure due to high credit costs

Regret not insuring MFI business from start: IDFC Bank CEO Vaidyanathan

IDFC First Bank chief says not insuring the microfinance portfolio earlier worsened FY25 losses but confirms that 66 per cent of the book is now covered under CGFMU

MFI collection efficiency back at 99.6%: L&T Finance MD & CEO Sudipta Roy

Sudipta Roy said that the transfer of the gold business of Paul Merchants Finance will be completed by June 15

IndusInd Bank fiasco: ₹674 cr wrongly booked as interest in MFI biz

IAD also flags ₹595 crore of unsubstantiated balances in "other assets", as whistleblower complaint prompts deep dive into IndusInd Bank's microfinance portfolio

Rising micro loan stress: Lenders tap digital debt collection platforms

Spocto X and Credgenics are end-to-end debt collection platforms focused on digitizing the entire collection process

Microfinance loan book shrinks 3.5% to Rs 3.85 trillion in Dec quarter

Share of overdue loans shoots to 6.4%

K'taka microfinance ordinance effect: MFI loan disbursements may slow down

The assets under management (AUM) of microfinance institutions (MFIs) in the state stood at Rs 60,000 crore at the end of March 2024

Microfinance sector stress cyclical, pushing up NPAs, says SBI official

The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

ARCs open to acquiring non-performing MFI loans, but only at right price

Industry-wide stress in the microfinance sector has built up due to unchecked credit growth and multiple loan disbursements to the same customers, resulting in overleveraging among borrowers

In a first, micro insurance premium in life segment tops Rs 10k cr in FY24

Private life insurers dominate the segment, accounting for over Rs 10,708.4 crore, while the state-owned Life Insurance Corporation of India (LIC) contributed nearly Rs 152 crore

MFI stress not a big concern at a system level, says Swaminathan J

The apex bank has asked lenders to strengthen their underwriting standards and collection efforts to limit the conversion of stress into Non-Performing Assets (NPAs)

MFIs, OMCs top Q2 miss list; PSBs, commodities surprise on upside

The study showed almost all microfinance institutions and companies in the oil refining & marketing space have missed estimates

Ujjivan Small Finance Bank looks to sell Rs 270 cr of micro-banking loans

Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank

CRISIL puts long-term ratings of Navi Finserv, Asirvad on rating watch

Earlier this month, the RBI barred four NBFCs, including two MFIs, from sanctioning and disbursing loans due to charging exorbitant interest rates to borrowers

Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

The asset quality of the microfinance portfolio deteriorated in Q1 FY25 as the heatwave across the country adversely impacted the income of borrowers and collections

Fusion Finance stock tanks 20%, hits 52-week low on weak Q1 results

The company reported a net loss of Rs 35.62 crore in June 2024 quarter due to higher than usual provisioning.