Loan Disbursals

Microfinance loan disbursal rise 19% to Rs 77,877 cr in Q3: MFIN Micrometer

Loan disbursals by microfinance companies increased 19 per cent to Rs 77,877 crore during December quarter 2022-23, said the MFIN Micrometer. The total microfinance loan portfolio increased to Rs 3.21 lakh crore as on December 31, 2022, the report said. "Microfinance loan disbursals during Q3 FY 22-23 improved to Rs 77,877 crore as compared to the same quarter of last financial year (Rs -65,392 crore). 189 lakh loans were disbursed during Q3 FY 22-23 as against 165 lakh in Q3 FY 21-22, indicating higher ticket size of new loans," it said. It further said that as on December 31, 2022, the microfinance industry served 6.4 crore unique borrowers, through 12.6 crore loan accounts. "The overall microfinance industry currently has a total Gross Loan Portfolio (GLP) of Rs 3,20,584 crore. GLP as on December 31, 2022, showed an increase of 25.2 per cent YoY over Rs 2,56,058 crore as on December 31, 2021," the report said. As per the 44th issue of MFIN Micrometer, 83 NBFC-MFIs were the larg

Loan disbursals by digital lenders double in Q3 amid new RBI norms: Report

Data for quarter shows customers' trust and preference for fintech lending, says association

Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

Increase tax rebate benefits for consumption expenditure in Budget: PHDCCI

Industry body PHDCCI sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business and hassle free disbursement of loans at affordable rates

Paytm loan disbursal reaches annualised run rate of Rs 39,000 crore in Nov

Digital financial services firm One97 Communications on Monday said that its loan disbursals reached an annualised run rate of around Rs 39,000 crore in November this year. One97 Communications (OCL), which owns Paytm brand, had reported loan disbursals at an annualised run rate of around Rs 37,000 crore in October. "Our loan distribution business (in partnership with top lenders) continues to witness an accelerated growth with disbursements through our platform now at an annualised run rate of Rs 39,000 crore in the month of November," Paytm said in a regulatory filing. The GMV (Gross Merchandise Value) processed through Paytm platform grew 37 per cent for the two months ended November 2022, aggregating to Rs 2.28 lakh crore from Rs 1.67 lakh crore a year ago. The value of loans disbursed through Paytm grew by over four-fold on year-over-year (y-o-y) basis to Rs 6,292 crore in November from Rs 1,328 crore, while the number of loans disbursed grew two-and-a-half times to around 68

Microfinance disbursements slowed in Q1 FY23 after new regulations: MFIN

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

Personal retail loan disbursements rise 42% at end-March 2022: Study

Personal retail loan disbursements recorded an impressive growth of 42 per cent from March 2021 to March 2022, reflecting an improvement in overall economic and business sentiment, said a joint study by Equifax and Andromeda. The number of active personal loans increased from 3.5 crore as of March 2020 to 4 crore by March 2021, and to 6 crore by March 2022, it added. The book size of personal loans rose from Rs 5 lakh crore as of March 2020 to Rs 6 lakh crore as of March 2021 and further to Rs 8 lakh crore as of March 2022. "This is a strong indicator of the revival in consumption in the country," said K M Nanaiah, Managing Director, Equifax Credit Information Services Pvt Ltd and Country Leader, India & MEA, Equifax. The total portfolio outstanding of retail industry increased from Rs 71 lakh crore (March 2020) to Rs 80 lakh crore (March 2021), and further to Rs 89 lakh crore as of March 2022. Private banks experienced the highest growth of portfolio outstanding with a 32 per ..

Ujjivan SFB posts record net profit of Rs 203 cr in Q1 on fall in bad loans

Bank's total income during April-June period of 2022-23 rose by 40 per cent to Rs 1,000.42 crore, as against Rs 714.67 crore in same quarter of 2021-22, Ujjivan SFB said in a regulatory filing.

AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022

Stress in 30 plus day dues in micro-loans declines in December quarter

Disbursements take a knock on Omicron concerns

Clix Capital targets Rs 40 billion loan disbursal in next fiscal year

Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1

World Bank's Ukraine loan disbursement grows to 460 million euros: Report

A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday

Micro-loan disbursement up 154.5% QoQ to to Rs 64,899 cr in Sept: MFIN

The number of loans disbursed also rose sharply to 18.5 million in Q2FY22 from 7.1 million in Q1FY22

Mahindra Finance disburses over Rs 2,000 crore for second time in Aug

Mahindra & Mahindra Financial Services (Mahindra Finance) on Friday said it has disbursed over Rs 2,000 crore for the second time in a row in August. In August 2021, the business continued its momentum with a disbursement of more than Rs 2,000 crore for the second month in a row. The total disbursement at about Rs 2,150 crore delivered 57 per cent year on year growth, albeit on a lower base of August 2020, which was impacted by the first wave of COVID-19, Mahindra Finance said in a release. The collection efficiency was reported at nearly 97 per cent for August 2021, further improving to 95 per cent in July 2021. Collection efficiency in April, May and June was 72 per cent, 67 per cent, 90 per cent, respectively. "With the opening of the economy and improved mobility, the company witnessed a meaningful reduction in the NPA (non-performing assets) contracts during the month as customer cash flows improved. "We believe that this is a very encouraging sign. The company expects this

Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021

Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4

In December quarter, its disbursements grew 6.4 per cent year-on-year to Rs 6,197 crore from Rs 5,822 crore in the year-ago quarter

MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report

Loan disbursement by microfinance sector declined by 88 per cent to Rs 6,046 crore in the April-June quarter due to the coronavirus-induced lockdown, according to CRIF MicroLend quarterly report.

NBFC-MFIs' loan disbursement drops 96% to Rs 570 cr in June quarter

Average loan amount disbursed per account during the June 2020 quarter was Rs 27,996, an increase of around 4 per cent against the year-ago period

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts