Microfinance Firms

Spandana Sphoorty reports ₹7.8 crore cyber fraud involving 82 accounts

The microfinance lender said unauthorised transactions were made from one of its bank accounts on November 1, and it has sought fund recovery and the freezing of beneficiary accounts

Microfinance lenders eye diversification as sector recovers: Industry leaders

At the Business Standard BFSI Summit in Mumbai, microfinance industry leaders said collections were improving as lenders explored secured and individual loans to meet customers' changing needs

S&P sees risks for Indian microfinance lenders' $35 billion loan book

The sector had been under stress for the last two years after rapid credit expansion left many borrowers over-leveraged, driving up defaults and prompting lenders to tighten underwriting standards

Sa-dhan rolls out capacity-building programme to strengthen smaller MFIs

The initiative aims to improve governance and operations as smaller MFIs say access to bank funding remains constrained

Datanomics: Microfinance stress abates as NBFCs lead asset-quality recovery

India's microfinance sector is recovering as defaults fall, loan sizes rise, and government guarantees extend to boost cheaper credit to small borrowers

Guardrails cut MFI securitised pool overdues by 60%, says Crisil Ratings

Crisil Ratings says lending guardrails have improved portfolio quality and credit discipline, leading to a sharp reduction in overdue build-up in microfinance securitised pools

Scheme's validity extended: MFI credit lifeline may gain traction

The microfinance industry body expects stronger participation in the government's credit guarantee scheme after its validity was extended to August 31, 2026

Early-stage stress resurfaces in microfinance amid cautious lending trends

While overall asset quality improved in April, a rise in early delinquencies and slower loan disbursals indicate lenders remain focused on portfolio discipline

MFI portfolio drops 9% YoY to Rs 3.34 trillion as of April 2026: Equifax

India's microfinance sector saw slower loan growth and disbursements in FY26, though asset quality improved sharply amid tighter underwriting and credit monitoring

Credit guarantee scheme: Loan limit for large MFIs increased to ₹1K crore

Disbursements under the scheme are yet to begin, as microlenders had flagged that the ₹300 crore cap for large institutions was inadequate

CreditAccess Grameen jumps 10% on strong Q4 update, asset quality recovery

CreditAccess Grameen's gross loan portfolio (GLP) stood at ₹29,590 crore in the March 2026 quarter (Q4FY26), up 14 per cent from ₹25,948 crore in the year-ago quarter

MFI guarantee scheme offers relief, but sector faces key challenges

Centre's credit-guarantee scheme offers temporary relief to microfinance institutions, but sustainable recovery will depend on improved lending practices, risk management, and sector discipline

Micro lenders turn to secured loans to negate asset quality pressures

Microfinance lenders are expanding into secured products such as gold, mortgage and MSME loans as RBI's revised norms and asset quality pressures push them to diversify portfolios

MFIs may have to grin and bear for some time amid rising credit costs

Experts are calling for a reimagination of microfinance as credit costs rise with higher risk provisions and writeoffs

MFIs need to rebuild credibility, confidence to achieve growth: Study

Microfinance institutions (MFIs) need to rebuild credibility and confidence to achieve sustainable growth, a joint study by consultancy firm PwC and Sa-Dan, a self-regulatory organisation (SRO) of the sector, said. Microfinance, which is principally underpinned by trust among the stakeholders, who are the borrowers, field officers and lending institutions, has become more transactional, the study said. Major setbacks like demonetisation and the Covid pandemic have further exacerbated the decline in group culture in microfinance, which has had a widespread impact on repayment discipline and public confidence, the study pointed out. "Rebuilding credibility and confidence remains a major challenge to achieving sustainable growth", the study said, adding that empowering and equipping customers with adequate information is crucial in regaining their trust. According to the study, MFIs have also experienced declining support from external stakeholders, including investors and refinancers

Muthoot Microfin Q2 profit halves to Rs 30.5 crore, NII down 13%

The microfinance lender's profit drops 50.5% YoY amid lower interest income; sequential growth aided by stable margins and slight loan portfolio uptick

Worst is over but liquidity support remains a key concern, say MFI chiefs

Industry leaders at the Business Standard BFSI Insight Summit said that while collections and rural affordability are improving, liquidity support is critical to sustain the sector's ongoing recovery

Avendus explains why it is the 'opportune time' to invest in MFI stocks

MFI stocks india list: As the MFI industry navigates through the transitional phase, Avendus lists why it is bullish on the sector from a medium-to-long term perspective, and what should investors do

Spandana Sphoorty plans to scale back operations in Kerala and Gujarat

Stock down 4.4 per cent on BSE; eyes 20 per cent AUM growth in FY26

Spandana Sphoorty CEO Saxena resigns; CFO Damani named interim chief

The stock of the company closed six per cent lower at Rs 305.2 per share on BSE