Page 4 - Microfinance Industry

Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI

Mutual Funds say they didn't need to use their liquidity line fully

Sidbi, Nabard compete to lend to top MFIs under RBI's liquidity support

According to informal estimates, the two organisations together are looking to extend Rs 7,000-8,000 crore in funding

Sidbi to provide liquidity support to NBFCs, MFIs with 90-day term loans

NBFCs and MFIs have been hit on two fronts, with collections dipping due to the covid-19 lockdown, and the three-month moratorium extended to their borrowers

MFIN may pool securities to access funds for small MFIs under TLTRO 2.0

Credit enhancement would entail guarantee from bigger institutions in case of defaults up to a certain percentage

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

Microfinance Industry most vulnerable to lockdown and moratorium

As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity

Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard

Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to

MFI operations come to halt in lockdown districts; biz severely impacted

Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted

Why microfinance crisis is still not over even 10 years after the clampdown

Andhra Pradesh's Ordinance to regulate MFIs has been a double-edged sword for the poor, with some digging deeper into debt, writes Namrata Acharya

Assam continues to be a pain point for MFIs as defaults remain high

The portfolio at risk (PAR) for the industry for repayment between 31 and 180 days stood at 1.5 per cent, which was 50 per cent higher on a year-on-year basis

Microfinance segment showing signs of stress with lenders chasing customers

Padmaja Reddy says while the MFI industry may have grown to Rs 2 trillion, the share of pure-play entities is only Rs 60,000 crore.

MFI industry seeks more refinance from DFIs in budget

The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects

Sachin Bansal eyes bigger role in global financial services market

In September, Bansal had invested around $104 million to acquire over 90 per cent ownership of Chaitanya

Anti-CAA protests in Assam: MFIN asks RBI forbearance for extended payments

The anti-CAA protests have led to delays in repayments in the entire north-east region, pockets of Uttar Pradesh, as well as in parts of West Bengal

MFI sector growth falters and defaults rise with Assam protests, slowdown

Natural calamities, over-lending and liquidity issues with NBFCs add to the sector's woes

Will Sachin Bansal's long term bet in financial services pay off?

This September, the ace entrepreneur found the answer to that when he picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services

Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates

The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions

Microfinance industry to cross Rs 1 trn loan portfolio in Q2 FY20: Report

The data is based on the information provided by 200 microfinance institutions

Rapid growth of microfinance industry leading to risks of over-borrowing

There has been a spike in loan ticket sizes in the past two years, and a rise in the loan outstandings of borrowers approaching more than one lender

A new challenge for the microfinance industry?

"Fresh start" is a welcome step as it will free up debtors from archaic laws but they need counselling to prevent misuse