Page 8 - Microfinance Industry

Micro loans: Assam is not Andhra Pradesh

The Assam Bill is not a repeat of the 2010 Andhra Pradesh law, which almost killed the microfinance industry. Assam's share in micro lending is a fraction of what AP's was back then

Microloans: Early delinquencies jump to 15.7% in September, says CRIF

West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent

MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report

Loan disbursement by microfinance sector declined by 88 per cent to Rs 6,046 crore in the April-June quarter due to the coronavirus-induced lockdown, according to CRIF MicroLend quarterly report.

Micro-finance industry slowly overcoming coronavirus crisis: MFIN

The complete stoppage of micro-finance operations from March-end to May due to the coronavirus-induced lockdown had been a big setback

Green shoots: MFI stocks preferred rural plays in financials space

CreditAccess Grameen and Spandana Sphoorty at an advantage

Microfinance player urges govt to curb rumours about loan waivers

The microfinance sector has faced some new problems amidst the continuing outbreak of coronavirus and the recent lockdown caused due to it, Satya Micro Capital said in a statement

Microfinance sector may see consolidation post Covid-19, say experts

Microfinance industry will remain only for people who are following regulatory norms very seriously and have a roadmap ahead of them, says one expert

MFI collections rebounds by 70-75% after Covid-19 restrictions ease: Report

It further said to create a buffer for potential pandemic-related credit costs, MFIs are expected to focus on raising additional equity capital over the near to medium term

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

MFIs could lose Rs 1,500 cr on foregoing moratorium interest on interest

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment

Despite moratorium, rural recoveries on rise for microfinance institutions

Income from harvesting season, along with the essential nature of rural occupations, helped rural borrowers to be more resilient to the economic slowdown due to Covid

Govt mulling more policy action for NBFCs, regulatory changes for markets

This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday

Manappuram Finance posts 30% growth in profit before tax in Q4FY20

Profit before tax from gold loan and others grew 44.5 per cent to Rs 459.47 crore during the quarter, as compared to Rs 317.97 crore during same quarter a year ago

Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI

Mutual Funds say they didn't need to use their liquidity line fully

Sidbi, Nabard compete to lend to top MFIs under RBI's liquidity support

According to informal estimates, the two organisations together are looking to extend Rs 7,000-8,000 crore in funding

Sidbi to provide liquidity support to NBFCs, MFIs with 90-day term loans

NBFCs and MFIs have been hit on two fronts, with collections dipping due to the covid-19 lockdown, and the three-month moratorium extended to their borrowers

MFIN may pool securities to access funds for small MFIs under TLTRO 2.0

Credit enhancement would entail guarantee from bigger institutions in case of defaults up to a certain percentage

MFIs staring at cash shortfall of Rs 2,600 crore in Q1FY21, says ICRA

ICRA has analysed a sample of 29 MFIs, which constitute around 70% of the MFI industry on a portfolio basis

Microfinance Industry most vulnerable to lockdown and moratorium

As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity

Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard

Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to