MFIs
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November 04, 2020, Wednesday
Credit cost for MFIs to rise to 6-7% in two years as loans remain unpaid
About 12% of customers have not repaid till August end
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November 04, 2020, Wednesday
MFI credit costs to rise 6% in 2 yrs as customers delay repayments: ICRA
About 12% of customers had not repaid their dues till August end, says ratings agency.
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October 29, 2020, Thursday
MFI borrowers to benefit from ex-gratia payment of interest scheme
Thousands will benefit from the scheme for grant of ex-gratia payment of the difference between compound and simple interest for ...
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September 22, 2020, Tuesday
NBFC-MFIs' loan disbursement drops 96% to Rs 570 cr in June quarter
Average loan amount disbursed per account during the June 2020 quarter was Rs 27,996, an increase of around 4 per cent against ...
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July 20, 2020, Monday
MFIs in India should be allowed to accept deposits from public: Yunus
Nobel laureate Muhammad Yunus said that micro-finance institutions (MFIs) in India should be allowed to accept deposits from the ...
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July 16, 2020, Thursday
Access to funds still a challenge for small, mid-sized NBFCs: FIDC
To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a special liquidity scheme of Rs ...
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June 19, 2020, Friday
NPAs rise in tandem as MFIs gross loan portfolios grow by 29% in FY20
More than 92 per cent of MFI loan disbursement in FY20 were in cashless mode, as compared to 85 per cent in FY19
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June 01, 2020, Monday
MFIs see 50% recovery in June as rural borrowers avoid using moratorium
According to MFIs, the recoveries from rural areas in May were higher by 10-20 per cent compared to that in urban areas
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May 21, 2020, Thursday
Govt to provide one-time guarantee of Rs 10,000 cr for NBFC assets, bonds
This is an extension of its budget announcement, where it had said it would compensate them to the extent of 10% of the losses ...
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May 14, 2020, Thursday
Stimulus will keep NBFCs and MFIs afloat, but won't be able to revive them
It is important to wait for the entire package to come to see if the measures will improve demand in the economy in any manner
