Page 2 - Microfinance

Microfinance loan securitisation grows over two-fold YoY in Q1FY23

Better recoveries, adequate credit enhancements spark investor confidence

Macro challenges of micro lenders

The freedom to fix interest rates has encouraged a few MFIs to jack up rates on Day One. It will take a while for borrowers to get the benefit as products, processes and digitisation evolve

ADB and HSBC India establish $ 100 mn guarantee plan for microcredit

ADB and HSBC programme will help women running small businesses and microfinance institutions lending after the pandemic.

Stress in 30 plus day dues in micro-loans declines in December quarter

Disbursements take a knock on Omicron concerns

Spandana Sphoorty looks to steady ship after over 4 months of uncertainty

The MFI, backed by private equity fund Kedaara Capital, experienced a jolt in November 2021 after Padmaja Reddy, founder and managing director (MD), quit abruptly.

New chapter in microfinance: End of overleveraging?

The RBI finally had to step in since self-regulatory organisations have failed to address a few banks' enthusiasm for overleveraging hapless small borrowers

BS Views of the week: Blow to globalisation, risks of imported energy, and more

Northern Arc Group to acquire SMILE Microfin

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its network of nearly 150 branches catering to over 0.2 million customers.

MFI Spandana Sphoorty expects to disburse Rs 1,000 cr in Q4 of FY22

The company had put disbursements on hold in Q3FY22 after its managing director Padmaja Reddy resigned abruptly last November

Spandana Sphoorty posts consolidated net profit of Rs 45.1 cr in Q3FY22

The income from operations of Spandana Sphoorty Financial on a consolidated basis, in the reporting quarter, rose marginally to Rs 346.1 crore compared to Rs 337.9 crore in Q3FY21.

Rising Covid cases may add to asset quality risks of NBFIs: Fitch

Fitch Ratings on Friday said the rising COVID cases may delay recovery in MSME and microfinance lending, and add to asset quality risks of non-banking financial institutions.

Spandana Sphoorty seeks forbearance and a waiver from its lenders

The company suffered a loss of Rs 58.87 crore in the September quarter (Q2FY22) on a sharp rise in impairments and other provisions

Micro lenders seek extension of credit guarantee scheme in Union Budget

Seek allocation of Rs 15,000 cr for FY23, of which at least 75% should be earmarked for small and mid-size MFIs

Microfinance sector sees 3x rise in disbursement value in Q1: Report

However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021

Spandana Sphoorty probing issues at gold branches of subsidiary: Committee

Company appoints Shalabh Saxena as new MD&CEO, says it is probing IT management contract given by former executive.

Spandana Sphoorty names Bharat Financial Inclusion's Shalabh Saxena MD-CEO

This comes after the exit of Padmaja Reddy as the CEO, who was also the founder of the company

Amid Covid, diversification remains even more elusive for Bandhan Bank

Even after seven years of operations, Bandhan's concentration on micro loans remains high

MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report

The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan

What lies ahead for microfinance institutions after pandemic disruption?

During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing

TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTags

Is India on the wrong side of climate action with its COP26 commitment? What's the road ahead for microfinance institutions? What is FASTag and how does it work? Find the answers here