Microfinance Institutions

Showing of 1 - 20 from 17 results
Microfinance Institutions - Total results - 17
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,

SBI to extend moratorium to NBFCs to tide over coronavirus pandemic crisis, says MD Dinesh Kumar Khara
Business

SBI to extend moratorium to NBFCs to tide over coronavirus pandemic crisis, says MD Dinesh Kumar Khara

The country's largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday

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,

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

Coronavirus Outbreak: Sa-Dhan urges PM for extension of loan moratorium benefits to MFI industry
Business

Coronavirus Outbreak: Sa-Dhan urges PM for extension of loan moratorium benefits to MFI industry

Microfinance lenders' umbrella body Sa-Dhan has urged Prime Minister Narendra Modi for an extension of the loan moratorium benefits to the MFI industry in a bid to help small-ticket borrowers, who are at the risk of being pushed into extreme hardships

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

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet
Business

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet

It would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.

Microfinance institutions' loan portfolio up 47% in FY18 to Rs 68,789 cr: Report
Business

Microfinance institutions' loan portfolio up 47% in FY18 to Rs 68,789 cr: Report

Releasing the Bharat Microfinance Report 2018 on Wednesday, Union MSME Minister Giriraj Singh said the interest rate at which bankers provide loan to microfinance institutions should be brought down so that more people can be brought under the ambit of microfinance.

Kerala floods to impact microlenders, general insurers, gold financiers: India Ratings report
Business

Kerala floods to impact microlenders, general insurers, gold financiers: India Ratings report

India Ratings said apart from the MFIs, two-wheeler and consumer durables financiers will have to take severe haircuts, while the pain will be a bit lesser for agriculture loans, motor insurance and loans against property

Small banks mark the biggest banking revolution in India since nationalisation
Business

Small banks mark the biggest banking revolution in India since nationalisation

Considering the dominance of MFIs in the final list, the RBI clearly wants microlenders to take up a bigger role in taking banking to the rural poor.

As RBI turns the other way, Andhra govt now seeks donations for loan waiver
Economy

As RBI turns the other way, Andhra govt now seeks donations for loan waiver

A staggering Rs 40,000 crore is required for the loan waiver schemes for farmers and also women self-help groups.

PM Modi launches the Jan Dhan Yojana, his govt's first flagship scheme
Photos

PM Modi launches the Jan Dhan Yojana, his govt's first flagship scheme

The Prime Minister launched the first welfare scheme launched by his new government that hopes to radically improve financial inclusion in the country.

1 cr bank accounts in a day: 5 reasons Modi's Jan Dhan Yojana won't work
Economy

1 cr bank accounts in a day: 5 reasons Modi's Jan Dhan Yojana won't work

Bank accounts are indeed the first step for someone in the hinterland to step into the world of formal finance. But the current plan of the Modi government isn't guaranteed to succeed for these reasons.

Andhra budget silent on farm loan waiver, Naidu may have no escape from his trap
Economy

Andhra budget silent on farm loan waiver, Naidu may have no escape from his trap

Naidu is riding a tiger and it is difficult to get off unless some miracle happens, in the form of assistance from the Centre.<br />

Farm debt waiver: RBI seeks info on beneficiaries, money to MFIs
Economy

Farm debt waiver: RBI seeks info on beneficiaries, money to MFIs

BI has asked banks to provide information in tabular form with regard to ineligible beneficiaries, the eligible beneficiaries who were denied loans, money given to microfinance institutions, tampering of records and cases where relief certificates were not issued.