Page 3 - Mfis

MFIs, banks need to revisit micro-loan pricing: CreditAccess Grameen MD

Udaya Kumar Hebbar comes across as a contrarian when he says that the industry has learnt to navigate lockdowns

MFIs prepared to deal with disruptions due to rising Covid cases: MFIN CEO

The microfinance sector is unlikely to face major challenges from the second wave of COVID-19 and is well prepared to face any disruption, Microfinance Institutions Network (MFIN) CEO Alok Misra said.

Covid-19: Mini-lockdown, night curfews casts cloud over MFI collections

For instance, Maharashtra, which is seeing the maximum number of cases, has announced the most stringent one -- a mini-lockdown through April 30

Manappuram Finance looks to take MFI arm Asirwad Microfinance public

Manappuram Finance, the second largest gold loan company in the country, is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official said. With a loan portfolio of over Rs 5,360 crore and close to 25 lakh customers across 23 states, the Chennai-headquartered Asirvad is the fourth largest microfinance lender in the country in terms of the loan book. Founded in 2008 by S V Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for Rs 48.63 crore. The V P Nandakumar-led company first bought 71 per cent stake which was later increased to 95 per cent and the rest is with the founder Vaidyanathan. Under Manappuram, Asirvad has grown leaps and bounds. From a loan book of just Rs 300 crore and a few lakh customers across 115 branches in Tamil Nadu, Kerala and Karnataka when it was bought over, the company has over 1,030 branches across 314 districts in 23 states (excluding Andhra Pradesh and ...

Bandhan Bank: Concerns on MFI portfolio an overhang

Brokerages have lately turned optimistic though Q4 results hold key for sentiments to improve

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

L&T Finance: Retail shift slowly playing out, credit cost remains a concern

While disbursements improved in Q3, asset quality trend remains an uncomfortable patch

Top MFI bodies plan to move Supreme Court over Assam's micro-loan Bill

MFIN, Sa-Dhan, banking association in informal talks; RBI to be made party

MFIs may get activity-based norms soon, making them institution-agnostic

Meanwhile, banks are in the process of seeking clarity from the RBI whether Assam's MFI Bill will be applicable to them

MFIs may have to recalibrate business in Assam following state curbs

The state government has imposed restrictions on lending and recovery practices in response to the 2019 flood crisis

MFI stocks make a comeback in financial landscape after two-year hiatus

Betting on pure-play MFI players such as CreditAccess Grameen and Spandana Sphoothy may be safer compered to MFI-oriented banks

MFI credit costs to rise 6% in 2 yrs as customers delay repayments: ICRA

About 12% of customers had not repaid their dues till August end, says ratings agency.

Credit cost for MFIs to rise to 6-7% in two years as loans remain unpaid

About 12% of customers have not repaid till August end

MFI borrowers to benefit from ex-gratia payment of interest scheme

Thousands will benefit from the scheme for grant of ex-gratia payment of the difference between compound and simple interest for six months to certain categories of borrowers, an official said

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

MFIs in India should be allowed to accept deposits from public: Yunus

Nobel laureate Muhammad Yunus said that micro-finance institutions (MFIs) in India should be allowed to accept deposits from the public

Access to funds still a challenge for small, mid-sized NBFCs: FIDC

To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a special liquidity scheme of Rs 30,000 crore

NPAs rise in tandem as MFIs gross loan portfolios grow by 29% in FY20

More than 92 per cent of MFI loan disbursement in FY20 were in cashless mode, as compared to 85 per cent in FY19

MFIs see 50% recovery in June as rural borrowers avoid using moratorium

According to MFIs, the recoveries from rural areas in May were higher by 10-20 per cent compared to that in urban areas