Micro Finance

Expects to NIMs to improve to 11.3-11.5% from 10.3%

Manappuram holds about 98 per cent stake in Micro finance subsidiary

Speaking at Business Standard's BFSI Summit, Ramann added that the state-owned small industries lender said that it is once again looking at how to bring capital to micro finance institutions

One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the Covid-19 pandemic and the resultant lockdowns

The sector has fared well both on the fund raising front and on operational performance

Stock has sharply underperformed peers and is available at reasonable levels

Small can be more beautiful: Large-scale sachetisation of financial services may be just around the corner

Lenders needed time to make policy changes after norms were updated in March 2022, says industry group

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

Padmaja Reddy resigned from her position as the managing director of the company on November 2, 2021. Subsequently, certain disputes arose between Reddy and the board

Sources say many details yet to be worked out, and that it isn't clear if talks will lead to a comprehensive pact to end strife. Clarity expected in 10-15 days, they add

CreditAccess Grameen Ltd: The collection efficiency including that from arrears was 96% in March 2022.

The securitisation volumes in microfinance loans, which saw improvement in the first nine months of FY22, may witness some impact in the fourth quarter due to concerns over the third Covid-19 wave

It had posted a net profit of Rs 62.95 crore in Q2FY21

The industry body said smaller MFIs are finding it difficult to mobilise additional/new investment

Assam Chief Minister Himanta Biswa Sarma on Sunday rolled out the second phase of Assam Micro Finance Institutions Relief Scheme (AMFIRS) for regular loan payers

The industry closed the first six months of the current fiscal with asset growth of only five per cent, rating agency ICRA NSE 0.06 % said in the report released on Wednesday.

Third funding round this year bring total investments to $85 mn as company enters clean energy lending.

The company said there will be an unavoidable delay in submission of financial results for the quarter ended September 30, 2021

The scheme was announced by Finance Minister Nirmala Sitharaman in June