Page 5 - Microfinance

Covid-19: Mahindra Finance expects loan recast worth Rs 6,000 crore

Out of 1.6 million customers, 100,000-150,000 accounts are likely to come up for restructuring, according to the company

HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress

Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs

Why some millennials can't manage money: Financial literacy low in Asia

To be sure, the privileges of investing and even holding financial assets are often impossible for many people in wealthy countries who are just trying to make ends meet

Green shoots: MFI stocks preferred rural plays in financials space

CreditAccess Grameen and Spandana Sphoorty at an advantage

Monthly collections from securitised retail loans up to 50% in June: Crisil

Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020

Microfinance body issues advisory for member firms as moratorium ends

Reserve Bank of India (RBI), in March, had announced a moratorium on repayment of term loans in order to provide relief to borrowers impacted by the Covid-19 related disruptions

MFIs' collections rebound in a big way, but delinquencies may surge

Industry-wide data on MFIs is hard to come by due to the lockdown, but an uptick in stress was evident even before the pandemic

Covid-19 crisis: SBI's 10% term loan customers opt for moratorium on EMIs

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.

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

Microfinance industry's gross loan portfolio jumps 48% to Rs 2 trn in Q2

The top 10 states constitute 82.7 per cent in terms of GLP

Avaada Energy gets $15 mn funding from French finance institution Proparco

In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter

No cash, all digital: Vaya Finserv's strategy for microfinance game

Vikram Akula is the non-executive chairperson and co-promoter of the company

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 recovers from Andhra nightmare

The future holds out both threat and opportunity. New banking licences which are going to be issued can help microfinance institutions to pursue sustainable growth. But chit funds and ponzi schemes need to be reined in

Cloud of farm loan waiver looms over stocks in microfinance sector

Stocks are under pressure despite improving collection efficiency

India's microfinance loan portfolio grew by 9% to Rs 631 bn in Q3: Report

As of September 2018, total client outreach of the sector was 29.9 million

Microfinance sector registers a growth of around 39% in loan portfolio

Cashless disbursements by NBFC-MFIs now account for 87% of the total disbursements

Demonetisation effect: Microfinance NPAs remain elevated in many states

Another cause can be traced to the loan waivers announced by these state governments

Brokerages see opportunity in select microfinance players

While loan collection efficiency has improved, stock valuations are at reasonable levels

Note ban crimps MFIs' securitisation by 21% in FY17

Last year MFI securitisation volumes had increased 80 per cent to around Rs 9,000 crore