Microfinance Institutions

The Assam government has signed memorandum of understanding or MoUs with microfinance institutions (MFIs) to help women borrowers from poor families, the state government said on Tuesday.

Assam will soon sign a Memorandum of Understanding with microfinance institutions of the state as promised earlier to compensate or waive off microfinance loans taken by women of the economically weak sections, Chief Minister Himanta Biswa Sarma said

RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.

The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.

Icra noted that microfinance institutions (MFIs) have observed a considerable decline in collections with the rates dropping to 30-60 per cent for most entities and a virtual standstill on incremental disbursements following government banning Rs 500 and Rs 1,000 notes.

Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.

Bharat Financial Inclusion Ltd on Thursday said it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

India's microfinance industry was pegged at Rs 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report.

Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.

"Growth happened as microfinance institutions opted for this funding route to churn capital faster and fuel growth," rating agency Crisil said in a report.

Markets regulator Sebi has given approval to microfinance institution Equitas Holding and auto components maker GNA Axles to float initial public offerings.

Markets regulator Sebi has sought clarification from the merchant banker of microfinance institution Equitas Holding regarding the company's proposed initial public offering.

The total loans portfolio managed by microfinance institutions (MFIs) in the country has grown 33 per cent to over Rs 48,882 crore at the end of March 2015, a report by MFI association Sa-Dhan has said.

The Assam government has signed memorandum of understanding or MoUs with microfinance institutions (MFIs) to help women borrowers from poor families, the state government said on Tuesday.

Assam will soon sign a Memorandum of Understanding with microfinance institutions of the state as promised earlier to compensate or waive off microfinance loans taken by women of the economically weak sections, Chief Minister Himanta Biswa Sarma said

RBI has said there should be no pre-payment penalty and no requirement of collateral for loans by microfinance institutions.

The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.

The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. The CreditAccess Grameen public offer is estimated at Rs 1,126-1,131 crore.

Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.

Icra noted that microfinance institutions (MFIs) have observed a considerable decline in collections with the rates dropping to 30-60 per cent for most entities and a virtual standstill on incremental disbursements following government banning Rs 500 and Rs 1,000 notes.

Many MFIs have raised equity in the last six months, gaining additional liquidity buffers.

Bharat Financial Inclusion Ltd on Thursday said it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

India's microfinance industry was pegged at Rs 63,853 crore in 2015-16, posting a year-on-year growth of 60 per cent, said a report.

Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.

"Growth happened as microfinance institutions opted for this funding route to churn capital faster and fuel growth," rating agency Crisil said in a report.

Markets regulator Sebi has given approval to microfinance institution Equitas Holding and auto components maker GNA Axles to float initial public offerings.

Markets regulator Sebi has sought clarification from the merchant banker of microfinance institution Equitas Holding regarding the company's proposed initial public offering.

The total loans portfolio managed by microfinance institutions (MFIs) in the country has grown 33 per cent to over Rs 48,882 crore at the end of March 2015, a report by MFI association Sa-Dhan has said.