MFIs plan to raise Rs 20,000 crore over next 18 months

Last Updated: Thursday, July 9, 2015, 19:09

Microfinance institutions in the country plan to raise incremental capital of around Rs 20,000 crore over the next 18 months, an industry association official announced here today.

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Last Updated: Sunday, March 22, 2015, 13:23

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

Funding the unfunded: India helps small business borrow to grow

Last Updated: Thursday, March 5, 2015, 18:16

A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.

Microfinance sector on revival path; loan-book grows over 50%

Last Updated: Monday, February 16, 2015, 22:10

The country's microfinance sector witnessed an over 50 per cent jump in the total loan-book at the end of December quarter to Rs 314.5 billion as the non-bank lenders expanded their reach to 28.7 million borrowers, an industry body said today.

ICRA upgrades ratings of three MFIs

Last Updated: Monday, July 1, 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.