Microfinance Loans
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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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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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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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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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Assam To Extend One-Time Help To Poor Who Took Microfinance Loans
Assam Chief Minister Himanta Biswa Sarma today said the state government will provide one-time assistance to poor people who had availed loans under microfinance schemes and are currently repaying them.
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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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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.
-
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.
-
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.
-
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
-
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.
-
Assam To Extend One-Time Help To Poor Who Took Microfinance Loans
Assam Chief Minister Himanta Biswa Sarma today said the state government will provide one-time assistance to poor people who had availed loans under microfinance schemes and are currently repaying them.
-
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.
-
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.
