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MFI News

03 Aug 2022

Microfinance borrowers' resilience behind MFI industry's turnaround post-COVID

Sadaf Sayeed, CEO of Muthoot Microfin talked elaborately on post-COVID scenario in the Microfinance Industry, RBI's slew of interventions and reforms to protect customers’ interest.

microfinance institutions

22 Feb 2018

Asset quality of microfinance institutions improves: CRISIL

Asset quality of MFIs in Tamil Nadu, Kerala, Odisha, West Bengal and Bihar remained largely resilient despite demonetisation and its aftermath.

28 Aug 2017

Over 60% of MFIs adopt cashless disbursement: MFIN

The report said the rise in MFIs' cashless payment models are largely attributed to benefits of risk mitigation and increased operational efficiency that includes improved cash management practises, increased safety and staff productivity.

17 Apr 2017

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

18 Mar 2016

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 Financial Services

20 May 2015

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.

Micro Finance Institutions

11 Jun 2014

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.

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