Page 9 - Microfinance Industry

Will Sachin Bansal's long term bet in financial services pay off?

This September, the ace entrepreneur found the answer to that when he picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services

Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates

The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions

Microfinance industry to cross Rs 1 trn loan portfolio in Q2 FY20: Report

The data is based on the information provided by 200 microfinance institutions

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

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

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

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

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 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 firms brace for write-offs of Rs 5,000 crore

Debt waiver schemes announced by state governments pull down recovery