Microfinance In India
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Woman Dies By Suicide After Alleged Harassment By Microfinance Company Employees
A woman in Giridih district of Jharkhand allegedly died by suicide on Monday due to continuous harassment by employees of a microfinance company.
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Nobel Laureate Muhammad Yunus To Lead Bangladesh's Army-Backed Interim Government
Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.
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Small Loans Business Up A Robust 16.5 Times In 10 Years
The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.
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Public Offering: Fusion Ltd To Raise Rs 600 Crore By Issuing Fresh Equity Shares
Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday.
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Loan Disbursals By Microfinance Institutions Rise In June Quarter
Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.
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Non-Banking Financial Institutions' Stressed Assets Fell To 14% In March 2022: Crisil
Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022
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MD Of Microfinance Firm Arrested For Over Rs 100 Crore Fraud: Report
The managing director of a private microfinance firm has been arrested in Odisha's Sundargarh district for allegedly embezzling over Rs 100 crore on the pretext of giving loans, police said on Friday.
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No More Pricing Caps On Micro-Finance Loans, Says RBI: Report
The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.
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Budget 2022: Micro Finance Industry Seeks Higher Credit Guarantee Schemes
The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget
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India's Microfinance Sector Hit As Defaults Surge In COVID-19
Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress. The gross loan portfolio of India's microfinance lenders stood at 2.6 trillion rupees ($35 billion) as of March 31, according to CRISIL.
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Additional Rs 30,000 Crore Debt Funding To Smaller MFIs Likely In 2021-22: Report
The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.
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Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
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Assam Law Soon To End Doorstep Harassment By Microfinance Lenders
The Assam government is all set to bring in a law that will prevent agents of microfinance firms to show up at the homes of borrowers to recover loans, Finance Minister Himanta Biswa Sarma said on Wednesday.
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Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Lakh Crore
Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industry at risk
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Room For Strong Growth For Microfinance In India: KPMG
Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.
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Woman Dies By Suicide After Alleged Harassment By Microfinance Company Employees
A woman in Giridih district of Jharkhand allegedly died by suicide on Monday due to continuous harassment by employees of a microfinance company.
-
Nobel Laureate Muhammad Yunus To Lead Bangladesh's Army-Backed Interim Government
Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.
-
Small Loans Business Up A Robust 16.5 Times In 10 Years
The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.
-
Public Offering: Fusion Ltd To Raise Rs 600 Crore By Issuing Fresh Equity Shares
Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday.
-
Loan Disbursals By Microfinance Institutions Rise In June Quarter
Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.
-
Non-Banking Financial Institutions' Stressed Assets Fell To 14% In March 2022: Crisil
Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022
-
MD Of Microfinance Firm Arrested For Over Rs 100 Crore Fraud: Report
The managing director of a private microfinance firm has been arrested in Odisha's Sundargarh district for allegedly embezzling over Rs 100 crore on the pretext of giving loans, police said on Friday.
-
No More Pricing Caps On Micro-Finance Loans, Says RBI: Report
The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.
-
Budget 2022: Micro Finance Industry Seeks Higher Credit Guarantee Schemes
The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget
-
India's Microfinance Sector Hit As Defaults Surge In COVID-19
Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress. The gross loan portfolio of India's microfinance lenders stood at 2.6 trillion rupees ($35 billion) as of March 31, according to CRISIL.
-
Additional Rs 30,000 Crore Debt Funding To Smaller MFIs Likely In 2021-22: Report
The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.
-
Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
-
Assam Law Soon To End Doorstep Harassment By Microfinance Lenders
The Assam government is all set to bring in a law that will prevent agents of microfinance firms to show up at the homes of borrowers to recover loans, Finance Minister Himanta Biswa Sarma said on Wednesday.
-
Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Lakh Crore
Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industry at risk
-
Room For Strong Growth For Microfinance In India: KPMG
Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.
