Page 2 - Microfinance Institutions

Reserve Bank of India likely to tweak norms to reduce MFI risk

RBI may tweak the qualifying assets threshold for microfinance institutions (MFIs) to 75 per cent of their net assets, compared with the current level of 85 per cent of net assets

Top headlines: Experts see rupee holding strong, Realme overtakes Samsung

Mobile device maker Realme has overtaken South Korean giant Samsung to grab the second spot in the branded smartphone market. More on that in today's top headlines

MFIs want Rs 3 lakh as loan cut-off to widen scope of eligible borrowers

If the RBI agrees to this suggestion, 50 million MFI customers will join the current net of 60 million and an outstanding portfolio of Rs 2.45 trillion

Sa-Dhan seeks Rs 7,500 cr more for credit guarantee scheme for MFIs

Sa-Dhan has issued a press release basis the letter written to the Finance Minister

SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups

The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities

MFIs, Assam govt sign MoU for microfinance incentive and relief scheme

Microfinance Institutions Network on Tuesday said 37 microlenders and Assam government have signed an MoU for joint implementation of the Assam Microfinance Incentive and Relief Scheme (AMFIRS), 2021

Regulations key to orderly growth of microfinance

The RBI's CD defines microfinance clients based on the current household income limit applicable for NBFC-MFIs

MFI consultation paper: Incrementally positive for NBFC-MFIs, says report

The paper has proposed greater harmoni­sation in the overall regulatory landscape

Microfinance loan portfolio grows 11.9% as on March-end, says MFIN

The industry's gross loan portfolio (GLP) surged to Rs 259,377 crore

Top Headlines: Sebi tweaks delisting rules, Cloudtail gets Rs 54 cr notice

Business Standard brings to you top headlines on Tuesday

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs

The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic

30-day overdues in microfinance loans may double to reach 14-16%: Crisil

Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures

Best of BS Opinion: Redeeming India, dual regulation is bad, and more

Here are the best of Business Standard's opinion pieces for Thursday

Dual regulation is bad

MFI issues won't be solved by state regulation

Microfinance institutions using AI, machine learning to disburse more loans

Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies

Microfinance institutions want additional relief measures from RBI

In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions

MFIs request RBI for emergency credit line as collections take a hit

Seek up to 25% of their outstanding with lending banks, which would help them mobilise Rs 15,000 cr

RBI's Covid relief: SFB loans to MFIs get priority sector status

Special liquidity for SFBs to help low-income groups, say experts

Microfinance collections may dip 8-10% sequentially in April: Icra

Healthy liquidity buffers maintained by most entities provide some comfort