Mfis

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Mfis - Total results - 30
Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers
Business

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers

The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.

Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy
Business

Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy

The meeting with PSU bank chiefs was earlier scheduled on 11 May, but due to the stimulus package announcements, it was deferred,

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week
Business

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week

Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown.

NABARD disburses Rs 12,767cr to state cooperative banks, RRBs for onlending to farmers; loans offered at interest rate of 4.8%
Business

NABARD disburses Rs 12,767cr to state cooperative banks, RRBs for onlending to farmers; loans offered at interest rate of 4.8%

NABARD said since the second half of March 2020, it has disbursed nearly Rs 30,021 crore to rural banks.

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
Business

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.

Coronavirus Lockdown: 88 micro financiers ready to begin operations in green, orange zones, says industry body
Business

Coronavirus Lockdown: 88 micro financiers ready to begin operations in green, orange zones, says industry body

Microfinance Institutions Network (MFIN) on Monday said 88 micro financiers associated with it are ready to begin operations in green and orange zones

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids
Business

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids

As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
Business

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs

SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,

RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank
Business

RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank

The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor

Only dozen-odd of 52 microlenders can gain from RBI's special liquidity window, says MFIN chief
Business

Only dozen-odd of 52 microlenders can gain from RBI's special liquidity window, says MFIN chief

Only a dozen-odd of the 52 micro lenders have investment-grade ratings and are thus eligible to issue debt instruments that can be picked by banks using the Rs 50,000-crore special liquidity tap that the Reserve Bank of India has opened up over the weekend

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
Business

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman

In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.

Coronavirus Outbreak: Centre allows NBFCs, including HFCs and NBFC-MFIs to operate with minimum staff during lockdown
Business

Coronavirus Outbreak: Centre allows NBFCs, including HFCs and NBFC-MFIs to operate with minimum staff during lockdown

The government has allowed non-banking financial institutions (NBFCs), housing finance companies, and microfinance institutions to operate with bare minimum staff during the nationwide COVID-19 lockdown.

HDFC Bank shows no signs of slow down, Bandhan Bank a hyper-aggressive player; all this and more on Moneycontrol Pro
Business

HDFC Bank shows no signs of slow down, Bandhan Bank a hyper-aggressive player; all this and more on Moneycontrol Pro

Like several microfinanciers that have become small finance banks, Bandhan Bank remains for the most part a microfinance lender.

Why did the monetary policy doves stop cooing, Marico's stock performance uninspiring; all this and more on Moneycontrol Pro
Business

Why did the monetary policy doves stop cooing, Marico's stock performance uninspiring; all this and more on Moneycontrol Pro

Unlike frontline FMCG stocks, Marico’s stock performance has been uninspiring over the last one year.

Micro lenders looks towards normalcy in Assam as protests against CAB cause delay in loan repayment
Business

Micro lenders looks towards normalcy in Assam as protests against CAB cause delay in loan repayment

Microfinance institutions which have started witnessing delay in loan repayment in Assam following the outbreak of protests against the new citizenship law are keeping their fingers crossed for a stability in their operations, industry insiders said

Economy to start looking up in days ahead, says Nirmala Sitharaman; private banks, financial institutions not facing any liquidity problem
Business

Economy to start looking up in days ahead, says Nirmala Sitharaman; private banks, financial institutions not facing any liquidity problem

Nirmala Sitharaman said that she had not heard of any liquidity problem after meeting with private banks, MFs, NBFCs and small finance banks

Why are global markets so nervous, will Tata Motors continue to show bearish trend; all this and more on Moneycontrol Pro
Business

Why are global markets so nervous, will Tata Motors continue to show bearish trend; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles.

Why are global markets so nervous, stock picks from analysts; read all this and more on Moneycontrol Pro
Business

Why are global markets so nervous, stock picks from analysts; read all this and more on Moneycontrol Pro

Once again, fears of an inversion of the US yield curve have rattled markets across the globe. The consensus, though, is that the US economy is not in any imminent danger

Microfinance industry posts 43% growth in loan portfolio to Rs 1.66  lakh cr in December quarter: Report
Business

Microfinance industry posts 43% growth in loan portfolio to Rs 1.66 lakh cr in December quarter: Report

Microfinance industry posted 43.1 percent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of Rs 1,66,284 crore, a report by MFIN said on Monday

Govt, RBI must initiate more measures to improve liquidity scenario, says industry lobby FICCI
Business

Govt, RBI must initiate more measures to improve liquidity scenario, says industry lobby FICCI

FICCI said the tight liquidity situation in the festive season and rising interest rates will impact the SMEs, MFIs and sectors like housing