Microfinance borrowers' resilience behind MFI industry's turnaround post-COVID: Muthoot Microfin CEO
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.
Aug 03, 2022, 15:47 PM IST
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
