Page 3 - Mfis

MFIs shouldn't sacrifice social mandate at altar of growth: RBI dy governor

M Rajeshwar Rao urges them not to forget sector's original mandate of financial inclusion, as over-indebtedness by borrowers, coercive recovery would roll back gains achieved over the years

Sa-Dhan seeks Rs 7,500 cr more for credit guarantee scheme for MFIs

Sa-Dhan has issued a press release basis the letter written to the Finance Minister

MFI's gross loan portfolio slips 4% to Rs 214,528 cr till June: Sa-Dhan

The microfinance industry's gross loan portfolio (GLP) marginally declined by around 4 per cent to Rs 214,528 crore as of June 30 this year, against Rs 224,205 crore as of June 20, 2020

NBFC-MFIs gross loan portfolio may grow 10-15% in FY22: Report

The Gross Loan Portfolio (GLP) for NBFC-MFIs had grown only 11 per cent year-on-year in FY 2021.

Banker's Trust: Tamal Bandyopadhyay on the facts and fiction of Mudra loans

Do we need yet another refinance agency? No one will shed a tear if Mudra is given a decent burial

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

MFIs, smaller NBFCs collections drop to 65-85% in Q1 FY22: Acuite Ratings

The collection efficiencies of its rated microfinance institutions (MFIs) and smaller non-banking finance companies (NBFCs) have dropped to 65-85 per cent during the first quarter of fiscal 2022.

Guarantees for MFI loans to kickstart lending in rural areas, say experts

Scheme extended to term loans from banks to MFIs for on-lending; tenure of loan extended to 36 months from 18 months earlier, with cap on interest rate charged by banks

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.

Deregulation of rates for NBFC-MFIs may lead to expansion of market

The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.

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

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

Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs

The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic

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

MFIs, banks need to revisit micro-loan pricing: CreditAccess Grameen MD

Udaya Kumar Hebbar comes across as a contrarian when he says that the industry has learnt to navigate lockdowns

MFIs prepared to deal with disruptions due to rising Covid cases: MFIN CEO

The microfinance sector is unlikely to face major challenges from the second wave of COVID-19 and is well prepared to face any disruption, Microfinance Institutions Network (MFIN) CEO Alok Misra said.

Covid-19: Mini-lockdown, night curfews casts cloud over MFI collections

For instance, Maharashtra, which is seeing the maximum number of cases, has announced the most stringent one -- a mini-lockdown through April 30

Manappuram Finance looks to take MFI arm Asirwad Microfinance public

Manappuram Finance, the second largest gold loan company in the country, is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official said. With a loan portfolio of over Rs 5,360 crore and close to 25 lakh customers across 23 states, the Chennai-headquartered Asirvad is the fourth largest microfinance lender in the country in terms of the loan book. Founded in 2008 by S V Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for Rs 48.63 crore. The V P Nandakumar-led company first bought 71 per cent stake which was later increased to 95 per cent and the rest is with the founder Vaidyanathan. Under Manappuram, Asirvad has grown leaps and bounds. From a loan book of just Rs 300 crore and a few lakh customers across 115 branches in Tamil Nadu, Kerala and Karnataka when it was bought over, the company has over 1,030 branches across 314 districts in 23 states (excluding Andhra Pradesh and ...