Page 2 - Micro Finance

Top Headlines: Direct tax mop-up zooms 85%, ICICI Venture eyes start-ups

Business Standard brings to you top news headlines on Monday

SFB loan to MFIs for on-lending to be classified as priority sector lending

The Reserve Bank of Indian has decided to allow the classification of priority sector lending for loans given by small finance banks to micro-finance institutions (MFI) for on-lending to individuals

Ugro Capital launches 'Gro Micro', aims to support 50,000 small biz by 2022

The company has a net disbursement target of Rs 2,500 crore for 2021-22

MFIN welcomes RBI move to harmonise regulations for micro finance lenders

Microfinance Institutions Network (MFIN) on Friday welcomed the Reserve Bank's decision to come out with a consultative document to harmonise regulatory framework for micro financiers.

Assam MFI Bill may hike asset-quality challenges for micro lenders: Crisil

The recently passed Micro Finance Institutions (MFI) Bill, 2020 by the Assam Assembly has the potential to increase asset quality challenges for micro lenders, according to a Crisil Ratings report.

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

Paytm raises collateral-free loan cap to Rs 5 lakh for micro lenders

The company offers collateral-free loans under its Merchant Lending Programme in Paytm for Business app

IndusInd Bank Q2 net profit dips 53.2% on higher Covid-19 provisioning

The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20

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

RBI guv Das chastises banks not doing enough on lending, NBFC liquidity

Relaxation likely on branch audit as Guv meets bankers

MFIs staring at cash shortfall of Rs 2,600 crore in Q1FY21, says ICRA

ICRA has analysed a sample of 29 MFIs, which constitute around 70% of the MFI industry on a portfolio basis

Growth in loan disbursals lures job-seekers to Bihar's micro credit sector

Loans have become an important line of business in north Bihar.

Former RBI deputy governor H R Khan to head micro-finance panel

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs

CreditAccess Grameen to acquire Madura Micro Finance for Rs 876 crore

The acquisition strengthens our microfinance franchise which can be leveraged to provide innovative financial services, says CAGL chairman

Spandana Sphoorty IPO: From strategy to growth, a promising revival story

Still in the early phase of new set up, FY17-19 has been the fast growth periods for the MFI. Yet, in a space not densely populated by listed players, Spandana ranks third