Microfinance Institutions
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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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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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Assam Signs MoUs With Microfinance Firms To Waive Loans Taken By The Poor
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.
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Assam Deal On Waiving Small Loans Soon, Says Chief Minister
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
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RBI Suggests Regulatory Framework For Microfinance Bodies
RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.
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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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Rs. 1,100-Crore CreditAccess Grameen IPO Opens: Should You Subscribe?
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.
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To Check Employee Details, Bureau Launched For Those Working In This Sector
Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.
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Treasury Gains For PSU Banks To Cross Budgeted Funds Infusion: Icra
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.
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Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings
Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.
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Bharat Financial Inclusion Raises Rs 749 Crore
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).
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India's Microfinance Industry Clocks 60% Growth In 2015-16: Report
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.
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Microfinance Institution Gross Loan Portfolio Grows 84% In Q4: Industry Body
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 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
-
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
-
Assam Signs MoUs With Microfinance Firms To Waive Loans Taken By The Poor
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 Deal On Waiving Small Loans Soon, Says Chief Minister
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 Suggests Regulatory Framework For Microfinance Bodies
RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.
-
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.
-
Rs. 1,100-Crore CreditAccess Grameen IPO Opens: Should You Subscribe?
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.
-
To Check Employee Details, Bureau Launched For Those Working In This Sector
Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.
-
Treasury Gains For PSU Banks To Cross Budgeted Funds Infusion: Icra
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.
-
Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings
Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.
-
Bharat Financial Inclusion Raises Rs 749 Crore
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 Clocks 60% Growth In 2015-16: Report
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 Institution Gross Loan Portfolio Grows 84% In Q4: Industry Body
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.
