Microfinance Institutions

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.

Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022

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.

The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget

The Assam government has signed memorandum of understanding or MoUs with microfinance institutions (MFIs) to help women borrowers from poor families, the state government said on Tuesday.

Assam will soon sign a Memorandum of Understanding with microfinance institutions of the state as promised earlier to compensate or waive off microfinance loans taken by women of the economically weak sections, Chief Minister Himanta Biswa Sarma said

RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.

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.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.

Icra noted that microfinance institutions (MFIs) have observed a considerable decline in collections with the rates dropping to 30-60 per cent for most entities and a virtual standstill on incremental disbursements following government banning Rs 500 and Rs 1,000 notes.

Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.

Bharat Financial Inclusion Ltd on Thursday said it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

India's microfinance industry was pegged at Rs 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report.

Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.

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.

Stressed assets of non-banking financial companies - microfinance institutions are estimated to have declined to around 14 per cent as of March 2022

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.

The microfinance sector has urged finance minister Nirmala Sitharaman to increase the limit of credit guarantee schemes in the budget

The Assam government has signed memorandum of understanding or MoUs with microfinance institutions (MFIs) to help women borrowers from poor families, the state government said on Tuesday.

Assam will soon sign a Memorandum of Understanding with microfinance institutions of the state as promised earlier to compensate or waive off microfinance loans taken by women of the economically weak sections, Chief Minister Himanta Biswa Sarma said

RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.

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.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.

Icra noted that microfinance institutions (MFIs) have observed a considerable decline in collections with the rates dropping to 30-60 per cent for most entities and a virtual standstill on incremental disbursements following government banning Rs 500 and Rs 1,000 notes.

Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.

Bharat Financial Inclusion Ltd on Thursday said it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

India's microfinance industry was pegged at Rs 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report.

Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.