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Note-ban crimps MFIs' securitisation by 21% in Fy17

Hit hard by the note-ban, securitisation volume of microfinance institutions (MFIs) fell 21 per cent to around Rs 7,150 crore in fiscal 2017 compared to Rs 9,000 crore last year, says a report.

Muthoot Microfin to divest 15% stake for 150 crore

Muthoot Pappachen Group firm Muthoot Microfin today said it is looking to divest up to 15 per cent stake to an overseas private equity firm for around Rs 150 crore by the first quarter of the next fiscal

Bandhan gets a seat at State Level Bankers' Committee

Bandhan Financial Services, a micro-finance institution (MFI) set to turn into a bank soon, has been invited to attend the meetings of State Level Bankers' Committee held at regular intervals.

MFIs should be given micro credit banking licence: Yunus

Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.

Bandhan appoints Deloitte as management consultant

Leading micro finance institution Bandhan Financial Services on Wednesday appointed Deloitte as its management consultant.

MFIs delinquency rate declines 20% in Apr-Oct this fiscal

Credit information company ECIS Monday said the delinquency rate of micro-finance institutions (MFIs) has declined by 20 percent between April and October 2013.

MFIs to grow 30-35% for 3-years: ICRA

Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 percent over the next three years, a study said.

MFIs should follow respectful method of loan recovery: FM

The micro-finance institutions (MFIs) need to have a code of conduct and must follow "respectful" methods for recovery of loans, Finance Minister P Chidambaram said Tuesday.