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Asset quality of microfinance institutions, small finance banks has improved: CRISIL

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

Feb 22, 2018, 20:02 PM IST

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.

Aug 28, 2017, 17:38 PM IST

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.

Apr 17, 2017, 23:45 PM IST

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

Mar 18, 2016, 19:55 PM IST

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.

May 20, 2015, 16:54 PM IST

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.

Jun 11, 2014, 20:24 PM IST

Bandhan appoints Deloitte as management consultant

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

May 14, 2014, 16:34 PM IST

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.

Jan 06, 2014, 17:15 PM IST

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.

Oct 22, 2013, 22:04 PM IST

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.

Nov 27, 2012, 16:55 PM IST

MFIs hope for better time ahead on regulatory clarity

The domestic microfinance industry is hopeful of a slow, but steady progress next year, say industry experts.

Dec 25, 2011, 12:00 PM IST

MFI sector needs regulation: Kidwai

Pitching for early enactment of the Micro Finance Bill, HSBC India Chief Naina Lal Kidwai has said the MFI sector has huge potential but needs regulations for growth.

Nov 20, 2011, 21:39 PM IST