Page 7 - Microfinance

MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report

The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan

What lies ahead for microfinance institutions after pandemic disruption?

During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing

TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTags

Is India on the wrong side of climate action with its COP26 commitment? What's the road ahead for microfinance institutions? What is FASTag and how does it work? Find the answers here

Collection efficiency for retail, SME loans improves to pre-Covid levels

Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show

CreditAccess Grameen posts 25% decline in net profit to Rs 59.7 crore

The comapnies total income increased 7.2 per cent to Rs 618.6 crore

This South Korean used his telecom biz to build a thriving fintech in India

Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes

Subsidiary disbursed 84,000 loans without customer consent: IndusInd

Glitch at Bharat Financial Inclusion Ltd rectified immediately and independent probe will fix lapses, says IndusInd.

MFIs should not throw caution to wind for higher asset growth: RBI DG Rao

The Deputy Governor said MFIs should focus on understanding the needs of customers first and offer them adequate level of support through appropriate financial products.

Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

Microfinance loan portfolio rises 4.2% to Rs 2,37,369 cr as of June-end

The microfinance industry's gross loan portfolio (GLP) rose 4.2 per cent to Rs 2,37,369 crore as of June 30, 2021, compared with Rs 2,27,727 crore as of June 30, 2020, according to a MFIN report

CreditAccess Grameen sees default risk dip in 30-day bucket in August

Collection efficiency rises to 99% in August

Bandhan Bank trading at 11-month low, down 10% in a week

The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday

Track up to 29-day dues in micro-loans to contain slippages: Sidbi

Advises caution amid easing of stress, evident from improved collection efficiency

Sa-Dhan moots uniform tool for income assessment of microfinance borrowers

Says it has developed a credit assessment tool for supporting the sector in getting accurate income assessments

Regulations key to orderly growth of microfinance

The RBI's CD defines microfinance clients based on the current household income limit applicable for NBFC-MFIs

Light Microfinance gets $10 mn funding, calls it 'important milestone'

Three European organisations took part in the Series-A funding round.

Microfinance loan portfolio grows 11.9% as on March-end, says MFIN

The industry's gross loan portfolio (GLP) surged to Rs 259,377 crore

A new era for microfinance

Over the past few years, some banks have been fishing in the same pond, exploiting the regulatory loopholes. That's lazy banking. Now, all lenders will look for new pastures

Best of BS Opinion: FTA hesitancy, a new era for microfinance & more

Here are the best of BS Opinions of the day

MFIs in Assam, borrowers set to get major relief as govt steps in

According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans