Page 10 - Microfinance Industry
Rapid growth of microfinance industry leading to risks of over-borrowing
There has been a spike in loan ticket sizes in the past two years, and a rise in the loan outstandings of borrowers approaching more than one lender
 "Rapid growth of microfinance industry leading to risks of over-borrowing")
A new challenge for the microfinance industry?
"Fresh start" is a welcome step as it will free up debtors from archaic laws but they need counselling to prevent misuse
 "A new challenge for the microfinance industry?")
Total gross loan of microfinance industry grows 6% to Rs 65,090 crore in Q3
Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore
 "Total gross loan of microfinance industry grows 6% to Rs 65,090 crore in Q3")
Asirvad Microfinance planning to raise around Rs 500 cr from PE funds
Ahead of the fund raising, the microfinance firm is planning to raise Rs 150 crore from promoters
 "Asirvad Microfinance planning to raise around Rs 500 cr from PE funds")
Microfinance sector sees 51% growth in Q2; portfolio at Rs 1.46 trn: Report
NBFC-MFIs held the largest share of the portfolio in micro-credit with total loan outstanding of Rs 540.18 bn, or 37% of the total micro-credit universe
 "Microfinance sector sees 51% growth in Q2; portfolio at Rs 1.46 trn: Report")
Microfinance industry may come up with Rs 8-bn pool of saleable securities
The pool will be bundled with a mix of small and big MFI portfolios across geographies, will be credit rated and sold to banks
 "Microfinance industry may come up with Rs 8-bn pool of saleable securities")
Microfinance firms brace for write-offs of Rs 5,000 crore
Debt waiver schemes announced by state governments pull down recovery
 "Microfinance firms brace for write-offs of Rs 5,000 crore")