Page 3 - Microfinance Industry

Microfinance loan portfolio stands at Rs 2,32,648 cr as of Dec-end: Report

The microfinance industry's gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020

Best of BS Opinion: Agenda for Stockholm+50, micro loan regulations & more

Here's a selection of Business Standard opinion pieces for the day

Why we need uniform micro loan regulations

The Election Commission must ban loan waiver poll promises by all political parties. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders

Loans with dues in excess of 90 days show spike in Dec 2020: ICRA

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December

Millions of defaults threaten microfinance's future in Covid-hit India

Although the pandemic isn't the first crisis for the country's microfinance industry, it could be its biggest

Microfinance loan waiver talks in Assam, West Bengal may impact MFIs

Microfinance loan waiver talks in Assam and West Bengal have the potential to damage long-term prospects of the sector and affect repayment discipline of microfinance borrowers, says a report.

Bandhan Bank: Problem of portfolio concentration tightens grip on lender

Dependence on microfinance loans for growth is steadily increasing, which poses a risk in present environment

Micro loans: Assam is not Andhra Pradesh

The Assam Bill is not a repeat of the 2010 Andhra Pradesh law, which almost killed the microfinance industry. Assam's share in micro lending is a fraction of what AP's was back then

Microloans: Early delinquencies jump to 15.7% in September, says CRIF

West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent

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.

Micro-finance industry slowly overcoming coronavirus crisis: MFIN

The complete stoppage of micro-finance operations from March-end to May due to the coronavirus-induced lockdown had been a big setback

Green shoots: MFI stocks preferred rural plays in financials space

CreditAccess Grameen and Spandana Sphoorty at an advantage

Microfinance player urges govt to curb rumours about loan waivers

The microfinance sector has faced some new problems amidst the continuing outbreak of coronavirus and the recent lockdown caused due to it, Satya Micro Capital said in a statement

Microfinance sector may see consolidation post Covid-19, say experts

Microfinance industry will remain only for people who are following regulatory norms very seriously and have a roadmap ahead of them, says one expert

MFI collections rebounds by 70-75% after Covid-19 restrictions ease: Report

It further said to create a buffer for potential pandemic-related credit costs, MFIs are expected to focus on raising additional equity capital over the near to medium term

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 could lose Rs 1,500 cr on foregoing moratorium interest on interest

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment

Despite moratorium, rural recoveries on rise for microfinance institutions

Income from harvesting season, along with the essential nature of rural occupations, helped rural borrowers to be more resilient to the economic slowdown due to Covid

Govt mulling more policy action for NBFCs, regulatory changes for markets

This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday

Manappuram Finance posts 30% growth in profit before tax in Q4FY20

Profit before tax from gold loan and others grew 44.5 per cent to Rs 459.47 crore during the quarter, as compared to Rs 317.97 crore during same quarter a year ago