MUDRA Bank can be positive for microfinance sector: ICRA
With Non Banking Finance Companies- Microfinance Institutions (NBFC-MFIs) likely to have overall debt of Rs 360 billion to Rs 420 billion by March 2016, re-finance from MUDRA Bank could constitute a major portion of the overall debt of the MFIs, according to rating agency ICRA.
Mar 06, 2015, 14:30 PM IST
Microfinance sector on revival path; loan-book grows over 50%
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.
Feb 16, 2015, 22:10 PM IST
Crisil sees 35% growth for MFIs, loan-book at Rs 45K-cr by FY15
The microfinance sector is likely to see buoyant growth in the medium-term and assets are set to reach Rs 45,000 crore by March 2016, says a report.
Jun 26, 2014, 21:01 PM IST
