Mfi

Stock has sharply underperformed peers and is available at reasonable levels

R Baskar Babu, managing director & chief executive officer of Suryoday Small Finance Bank, tells Manojit Saha in an interview that the regulator wants these lenders to rebalance the portfolio

Gets $15 mn in equity from French investors, total fundraise reaches $100 mn

Reddy quit abruptly in November 2021, following differences with the private equity investor on the future of the MFI, and on selling it

While most analysts remain positive, institutional attitude will be crucial

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

Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted

The portfolio-at-risk (PAR) in the 1-30 due-past-date (DPD) period rose by 60 basis points (bps) to 1.9 per cent over the previous quarter

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks

Repayments have been severely impacted in western part of UP, pockets of Maharashtra