Mfi

MFI stress not a big concern at a system level, says Swaminathan J

The apex bank has asked lenders to strengthen their underwriting standards and collection efforts to limit the conversion of stress into Non-Performing Assets (NPAs)

MFIs, OMCs top Q2 miss list; PSBs, commodities surprise on upside

The study showed almost all microfinance institutions and companies in the oil refining & marketing space have missed estimates

Ujjivan Small Finance Bank looks to sell Rs 270 cr of micro-banking loans

Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank

CRISIL puts long-term ratings of Navi Finserv, Asirvad on rating watch

Earlier this month, the RBI barred four NBFCs, including two MFIs, from sanctioning and disbursing loans due to charging exorbitant interest rates to borrowers

Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

The asset quality of the microfinance portfolio deteriorated in Q1 FY25 as the heatwave across the country adversely impacted the income of borrowers and collections

Fusion Finance stock tanks 20%, hits 52-week low on weak Q1 results

The company reported a net loss of Rs 35.62 crore in June 2024 quarter due to higher than usual provisioning.

Budget wishlist: MFIs seek equity support, govt guarantee for bank loans

Sa-dhan has also suggested a special fund for the northeastern states in view of the unrest in Manipur, which has hit micro lenders that extended loans in the state

NBFC-MFIs post 80% growth in net profit at Rs 1,105 cr for Q3 FY24

High credit offtake; interest rate hikes boost bottomline

MFIs' worries overstated, but it pays to be cautious: Manoj Nambiar

Manoj Nambiar spoke about how the industry is changing and why credit rating is customers' responsibility

MFI recovery, credit cost moderation key triggers for Bandhan Bank

Stock has sharply underperformed peers and is available at reasonable levels

No plan to pass interest rate hike to MFI customers: Suryoday SFB's Babu

R Baskar Babu, managing director & chief executive officer of Suryoday Small Finance Bank, tells Manojit Saha in an interview that the regulator wants these lenders to rebalance the portfolio

Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm

Gets $15 mn in equity from French investors, total fundraise reaches $100 mn

Lenders seek urgent talks between Reddy and Spandana Sphoorty

Reddy quit abruptly in November 2021, following differences with the private equity investor on the future of the MFI, and on selling it

Is the sell-off in IndusInd Bank stock a buying opportunity?

While most analysts remain positive, institutional attitude will be crucial

MFI sector's credit cost seen at 5-10% in FY22: India Ratings and Research

India Ratings and Research revised upwards its credit cost estimate for microfinance institution (MFI) sector to 5-10 per cent in the current financial year compared to earlier 3-6 per cent

MFI operations come to halt in lockdown districts; biz severely impacted

Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted

Microfinance institutions pain on the rise: Explained in four charts

The portfolio-at-risk (PAR) in the 1-30 due-past-date (DPD) period rose by 60 basis points (bps) to 1.9 per cent over the previous quarter

RBI sets average base rate of 9.18% for NBFC-MFI borrowers for July quarter

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks

Debt waiver rumours add to MFIs' woes

Repayments have been severely impacted in western part of UP, pockets of Maharashtra