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Crisil sees 35% growth for MFIs, loan-book at Rs 45K-cr by FY15

Last Updated: Thursday, June 26, 2014, 21:01

The microfinance sector is likely to see buoyant growth in the medium-term and assets are set to reach Rs 45,000 crore by March 2016, says a report.

Micro finance industry's gross loan portfolio up 35% in FY14

Last Updated: Friday, May 30, 2014, 16:09

The data was collected by Microfinance Institutions Network (MFIN), an association for the micro finance industry which has 46 NBFC-MFIs as its members.

ICRA upgrades ratings of three MFIs

Last Updated: Monday, July 01, 2013, 18:54

Rating agency ICRA has upgraded ratings of three microfinance institutions, Grameen Financial Services, Ujjivan Financial Services and Utkarsh Microfinance.

MFI delinquencies down 33% in last 6 months: Equifax

Last Updated: Wednesday, June 19, 2013, 18:14

Micro-lenders in the country, which were finding the going tough on credit quality, have witnessed a 33 percent improvement in delinquency by number of accounts, credit information company Equifax said Wednesday.

MFIs may challenge HC ruling; see 40 pc growth in FY'13

Last Updated: Sunday, February 24, 2013, 18:48

The MFIN is also expecting the industry to log in a healthy 40 percent growth this fiscal, after the last year's drought when the industry de-grew by a whopping 24-25 percent.

MFIs must be responsible lenders: Rangarajan

Last Updated: Wednesday, August 29, 2012, 20:58

Faulting the microfinance institutions for adopting strong arm tactics, Prime Minister's Economic Advisory Council Chairman C Rangarajan Wednesday said MFIs must modify their business models and become responsible lenders.

MFIN seeks RBI's intervention to enable MFIs collect dues

Last Updated: Tuesday, April 10, 2012, 18:33

Microfinance Institutions Network (MFIN) on Tuesday sought RBI's intervention to enable micro lenders to collect their Rs 7,000 crore dues, which is stagnated since November 2010 in Andhra Pradesh.

MFIs to be allowed to raise fund through ECB: RBI

Last Updated: Tuesday, December 13, 2011, 21:05

The RBI said it will soon allow microfinance institutions to raise funds up to USD 10 million through ECBs.