Microfinance Institutions

Rs. 1,100-Crore CreditAccess Grameen IPO Opens: Should You Subscribe?

Business | NDTV Profit Team | Wednesday August 8, 2018

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.

To Check Employee Details, Bureau Launched For Those Working In This Sector

Business | Press Trust of India | Tuesday December 12, 2017

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

Treasury Gains For PSU Banks To Cross Budgeted Funds Infusion: Icra

Business | Press Trust of India | Wednesday November 23, 2016

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.

Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings

Business | Press Trust of India | Thursday November 17, 2016

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

India's Microfinance Industry Clocks 60% Growth In 2015-16: Report

Business | Press Trust of India | Wednesday September 14, 2016

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 Institution Gross Loan Portfolio Grows 84% In Q4: Industry Body

Business | Press Trust of India | Thursday May 19, 2016

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.

Microfinance Loan Securitisation Jumps 125% To Rs 11,500 Crore In FY16

Business | Press Trust of India | Wednesday May 18, 2016

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

Equitas Holding, GNA Axles Get Sebi Nod for IPO

Business | Press Trust of India | Monday January 11, 2016

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

Sebi Seeks Clarification on Equitas Holding IPO

Business | Press Trust of India | Monday November 16, 2015

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

Loan Portfolio of Microfinance Institutions Rises 33% in FY15

Business | Press Trust of India | Wednesday October 21, 2015

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.

Equitas Files IPO Papers to Raise Rs 1,200 Cr: Report

Business | Press Trust of India | Friday October 16, 2015

Microfinance institution Equitas Holdings on Friday filed draft papers with the Securities and Exchange Board of India (Sebi) to raise an estimated Rs 1,200 crore through initial public offering (IPO).

Denial of Small Bank Licence Won't Hurt SKS Microfinance: Report

Business | Press Trust of India | Sunday September 20, 2015

SKS Microfinance not receiving a small finance bank licence will not weaken the company's competitive position as the micro lender enjoys a 300-400 bps funding cost benefit over smaller microfinance institutions (MFIs), according to a report by Credit Suisse.

Microfinance institutions Eye Rs 20,000 Crore in 18 Months

Business | Press Trust of India | Thursday July 9, 2015

India's microfinance institutions plan to raise incremental capital of around Rs 20,000 crore over the next 18 months, an industry association's official announced here on Thursday.

Bandhan Gets Fresh Equity, Awaits RBI's Final Licence

Business | Monday May 11, 2015

Microfinance institution Bandhan has received a fresh equity infusion of Rs 1,020 crore with GIC Sovereign Fund of Singapore becoming a new shareholder.

RBI Raises Lending Limit for Microfinance Institutions

Business | Tuesday April 7, 2015

The Reserve Bank of India (RBI) on Tuesday allowed microfinance institutions (MFI) to lend up to Rs 1 lakh to small borrowers.