Page 8 - Microfinance

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

Microfinance loan book grows 10% sequentially to Rs 2.53 trillion in Q4

Banks continue to dominate the market share of 42 per cent.

Banks' pricing of micro-finance loans may soon be linked to MCLR

85% qualifying asset rule for MFIs may be tweaked to assist diversification

30-day overdues in microfinance loans may double to reach 14-16%: Crisil

Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures

Microfinance sector stares at sequentially challenging year: India Ratings

Collections in May could see shortfall of 10-15%; credit costs may escalate in FY22

Microfinancing lessons from a mandi that govt-run Mudra seems to have lost

MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga

Microfinance sector seeks RBI's additional support to combat second wave

The microfinance industry has sought additional support, including an extension of the emergency credit line, from the RBI to combat the challenges arising out of the second COVID-19 wave.

Bandhan Bank's Q4 net profit declines 80% due to higher provisioning

Provisions of the lender nearly doubled to 1,594 cr in Q4FY21 as compared to Rs 827 cr in Q4FY20