Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show
The comapnies total income increased 7.2 per cent to Rs 618.6 crore
Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes
Glitch at Bharat Financial Inclusion Ltd rectified immediately and independent probe will fix lapses, says IndusInd.
The Deputy Governor said MFIs should focus on understanding the needs of customers first and offer them adequate level of support through appropriate financial products.
The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies
The microfinance industry's gross loan portfolio (GLP) rose 4.2 per cent to Rs 2,37,369 crore as of June 30, 2021, compared with Rs 2,27,727 crore as of June 30, 2020, according to a MFIN report
Collection efficiency rises to 99% in August
The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday
Advises caution amid easing of stress, evident from improved collection efficiency
Says it has developed a credit assessment tool for supporting the sector in getting accurate income assessments
The RBI's CD defines microfinance clients based on the current household income limit applicable for NBFC-MFIs
Three European organisations took part in the Series-A funding round.
The industry's gross loan portfolio (GLP) surged to Rs 259,377 crore
Over the past few years, some banks have been fishing in the same pond, exploiting the regulatory loopholes. That's lazy banking. Now, all lenders will look for new pastures
Here are the best of BS Opinions of the day
According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans
Banks continue to dominate the market share of 42 per cent.
85% qualifying asset rule for MFIs may be tweaked to assist diversification
Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures